QAN 0.68% $5.88 qantas airways limited

retracement

  1. 1,570 Posts.
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    QAN looks set to give back some of its recent gains. Has had a great run over the past week. I exited my calls the other day. Had a resistance point of $3.67. Tested the low 60's and failed to go any further. For the time being I see a short term retracement. Bought some $3.50 puts today. If it fails to hold the $3.50 region, next support is $3.46 and then $3.36.

    Noggie
    Read disclaimer below
 
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