After two successful Fibonacci retracements on the daily chart QANX has lost support for the third wave up. However it has just performed a Fibonacci golden zone retest of a potential second wave up on the weekly chart. 0.02 - 0.022 was a potential buy zone, which - for now - seems to have triggered some buys. Now QANX is a low-volume and short-history token. Very...
QAN had been retracing lower since the last two months and have found support just at the lower edge of the Parallel Channel (Trendline) ($4.40 - $4.50 Zone), coupled with Above Average Volume and a MACD Cross. It has retraced to exact 50% Fib Retracement and is showing some Bullish Price Action. This Bullish price action off Support suggests that the current...
QAN - another stock to suffer during the pandemic, but recent price action has confirmed a reversal by rocketing upwards and forming a higher high. 1. Price has formed a higher high 2. It has formed a Golden Cross 3. Recent sessions' price action, (Bearish Candles) indicates a pullback 4. I will be confident to buy in the $4.97 - $4.49 region (Buy Zone) as it is...
As predicted from my last post, FLT took a big dive all the way down to $11.26 last week. If you bought FLT at $11.26 last week you would be up 27%. It has passed previous resistance however last time it reached the resistance line, it bounced up and plummeted down to $11.26. Due to increasing COVID cases in America and Biden's plan to tackle COVID-19 it may begin...
Short QAN into the range 4.10 to 3.85, play the range until Brocken.
Topped on a green 9. We are on red 1 right now and if we get a red 2 below the red 1 on Monday. It is a good shorting opportunity. The RSI, MACD, and CMF are showing the bulls are running out of energy. I am bullish on Qantas long term and therefore I am expecting the bulls to take back control on the trendline or near the moving averages.
Hey guys welcome to my back. This week we are looking at QAN. If your liking the charts so far show some support and give me a follow. Likes and comments are also appreciated. Currently I have QAN as a wait and watch. The reasoning, I believe we have just entered our fifth wave. that being said and to put if frank there is no clear sign of when we can expect a...
Double click the price column to see the chart. Here's my trade setup for today, $QAN : ASX long off bullish momentum and.382-.618 fib zone. This has been profitable of late with some nice s/r swings and stock holding up well during the recent downturn. Not financial advice. As always, trades can go against us no matter how good a chart looks, risk management is king.
I wouldn't touch Qantas until it starts confirming an up trend Which way do you want your money to grow? Up? Then trade a stock where the moving average is up. Moving average on Qantas is not point up, so don't buy yet.
ASX:QAN The 189 day ascending triangle is nothing short of exciting for me. When such a long trend happens, it happens for a reason and usually the break out will be 'intense'. Watch out for it. Earnings announcement coming on the 23 Feb. Keep a lookout for it. Conservative target at $8.28. A break below $6.19 will invalidate this bullish outlook.
Qantas ASX:QAN has been quite stable and experiencing low volatility for the past few weeks. The bollinger band seems to be squeezing as a result. A squeeze means a swing in the price is coming. We have to break out of the ascending triangle otherwise, we are not going anywhere. Wait for breakout and confirmation. Price has to close above $6.45 on the...
Weekly RSI has broken a trendline. month chart shows a shooting star candle for October is forming.