3.45 was the upward resistance..now it will be the new base. Not...

3.45 was the upward resistance..now it will be the new base.
Not far from here to $4.

Day traders taking their profits....selling the news....
Gapped up today on open...so better to have that gap filled sooner rather than later....
that way we can continue on wards and upwards from here.

SP action over the last few months has been played with...
the sell off down into the 2's was overdone,
oil price went up and QAN went down...but on what rationale?
QAN already has it's fuel costs locked in.

Capping today has fooled some into selling lower than they should....
Best ever result in their history.......low $AUD means more domestic travellers,
also good for international fares.
With wifi on domestic routes, new dreamliners coming online soon etc.
Don't forget the value of the cash cow Frequent flyer program and the new deal with woolies.
Management continues to deliver..at some point fundamentals will takeover...
sentiment is keeping a lid on at this price. QAN still cheap.
Call me overly optimistic..but my target is $6 by years end.

If VAH can get their house in order I may even look over there in the coming months for a turnaround now that these guys seem to be working together to run the duopoly in a profitable manner.