QAN 0.49% $6.06 qantas airways limited

Qantas which is obviously in a down trend, could reach...

  1. 268 Posts.
    Qantas which is obviously in a down trend, could reach $0.83.
    From the 1.90 high to the $1.18 low, Qantas could only retrace 50% of the fall to $1.55 which is a sign of weakness. This month we are crashing through the $1.18 low. Using a 100% fibonacci expansion of the range from $1.90 to 1.18 (equals 0.72) projected downwards from the $1.55 high we get a target of $0.83.

 
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$6.06
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$6.08 $6.13 $6.03 $36.94M 6.090M

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No. Vol. Price($)
5 64244 $6.06
 

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Price($) Vol. No.
$6.07 17434 3
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