risk looks like its coming back so should see equities rise in general - look to c qan cross $6 soon - i'm just going off a fib extension at this stage but looking for around $9 which of course above consensus at this stage but 9$ still puts at a reasonable albeit high PEG.
Thats a 12 month forecast btw and alot can happen between now and then but aslong as central banks still working off phillips curve and inflation stays benign then rates likely to stay low for longer.
Oil is a bit of a conundrum but dont see alot of upward pressure at this stage - lets face it in hurricane season oil usually rises but havent seen the huge impact this time round?
Go QAN - for now
News: UPDATE 1-Australia's Qantas posts near-record profit, eyes direct flights to NY, London, page-5
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Last
$7.37 |
Change
-0.250(3.28%) |
Mkt cap ! $11.52B | |||
| Open | High | Low | Value | Volume |
| $7.60 | $7.60 | $7.34 | $47.14M | 6.420M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 653 | $7.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.37 | 15279 | 2 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| QAN (ASX) Chart |