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QAN: (previous chart: 1 Mar 2020) [img] Fri 13th, 10m, Intraday:...

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sreeve

693 Posts.

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16/03/20

09:37

Post #: 43509712
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Originally posted by sreeve ↑

Jako - BRG $19.45, sitting right back on that major Support line & also the 50(d)SMA. This week will be interesting to see the strength of these Support areas.

A look at the travel market:

QAN:

FLT: (monthly chart)

WEB:

Saw a video last week on HK airport with dozens and dozens of Cathay planes parked up and not in use due to the riots and now CV-19. Airlines slashing fares. Last week, there were return flights Melbourne to New York for $775. Air Asia GC to KL or Vietnam return for around $130 to $170. Hainan Airlines in China going under (well Govt hands). How many airlines will not survive the 'turbulence' this year... ?

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QAN:
(previous chart: 1 Mar 2020)

Fri 13th, 10m, Intraday:

CSL:
(previous chart: Nov 2019)

A lot of big bounces across the larger stocks.
I see BRG had a big bounce from a low of $13.38 to close at $16.38

XTL Value at posting: 3,104.4
2 Upvote

1 Great analysis

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