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demoniaco

6,340 Posts.

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18/03/20

12:05

Post #: 43557157
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Originally posted by demoniaco: ↑

I got short term entry targets for QANTAS ($QAN) @ $2.60 + $2.40 with a $3.50 target in mind. Tight stops @ $2.20

I drone on about 18 minutes on the financial situation of the company factoring in 90%intl and 60% domestic cuts. It seems like in the short term $2.40 is both a technically and fundamentally safe place to bounce from, as ~$1.40 would price QANTAS at cash backing.

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Ah, nailed it. Didn't expect the price to drop all the way today, but here we are.
3 Upvote

0 Great analysis

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