From a quick scan of the Qantas chart it looks very sick, in a multi year downtrend, losing value every day. More and more bad news coming out and potential credit downgrades has the public in fear of the once mighty roo.
However look closely at the volume and could it be that big institutions are pushing each other out of the way to get a piece of the action down here at record lows...
Time will tell if the company can turn it around but there is definitely some activity going on down at these prices...
Here is a video i have made of the chart analysis:-
http://www.youtube.com/watch?v=ZFaff6lOJs0
qantas - bust or boom?
Add QAN (ASX) to my watchlist
 (20min delay)
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Last
$6.08 |
Change
0.030(0.50%) |
Mkt cap ! $9.907B | |||
| Open | High | Low | Value | Volume |
| $6.07 | $6.10 | $6.04 | $24.68M | 4.065M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 22446 | $6.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.08 | 11616 | 2 |
View Market Depth
| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| QAN (ASX) Chart |