Stick with the upward trend imo - there seems to be plenty of momentum behind this upwave.
I would only reach for the parachute if QAN faltered to an end of week close below $3.60.
I reckon there is quite a lot more in the QAN tank - they have put in place a sensible hedging stategy which should insulate them form any draconian rises in the price of oil.
Management looks very much 'together'.
As always DYOR - these are just my musings.
I hold QAN.
tempting to short, page-4
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Last
$5.85 |
Change
-0.040(0.68%) |
Mkt cap ! $9.532B | |||
| Open | High | Low | Value | Volume |
| $5.84 | $5.91 | $5.84 | $38.05M | 6.494M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 22710 | $5.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.86 | 26030 | 3 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| QAN (ASX) Chart |