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QANTAS AIRWAYS LIMITED

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QAN trade ideas

Australia Qantas Announces Great Results. Price drops 7%.Qantas has announced an interim underlying pre-tax profit of $1.43 billion in its first return to profitability since the coronavirus pandemic started. The airline's record first-half result was at the top end of its forecast , with revenue of $9.9 billion. All segments of its business turned profitable during the half year, led by Qantas Domestic, which recorded $785 million in earnings before interest and tax. Qantas expects travel demand to continue driving the recovery in 2023 and 2024, with domestic capacity set to exceed pre-Covid levels in the second half of 2023. Good news is bad news again. Seems like an over reaction. Might be worth keeping an eye on.
ASX:QAN
by zAngus
2
QAN @ 9 NOV 2021Text me if you have any questions/comments for me. ----- QAN - Previous analysis was done on 26 Oct (red arrow) - Suggested waiting for a successful rebound at 5.80 levels before plotting entry - Since then, the stock has successfully recovered and looks to be trading at a resistance - Another retracement from here would create a strong Triple Top resistance - R is borderline 10% - Strategy-to-buy (DYOR) – Suggest entry at current levels if believe that breakout will be successful
ASX:QAN
by Jerm88
QAN @ 26 OCT 2021Text me if you have any questions/comments for me. ----- QAN - Previous analysis was done on 26 Aug (red arrow) - Suggested waiting for a series of HHs and HLs to form before plotting entry - Since then, the stock has created a series of HHs and HLs - A support zone is forming at 5.50 levels –> a successful rebound to around 5.80 levels would strengthen the support zone - R is less than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry
ASX:QAN
by Jerm88
QANTAS LEVELSfor dad, mapped out important levels on the chart of QAN:ASX - blue lines are areas where the price “gapped” up or down historically, also proved to be resistance for an entire year across 2015-2016, also made way for the recent bounce off the top of this range last month - green lines are resistance/support that has been respected multiple times in the trading history of Qantas shares in 1999, 2002, 2017. Price is sitting just under the upper green line meaning it may want to return to the lower green line (10% lower), else needs some additional volume and a retest of the top of this area (similar to what happened with the blue lines) would look quite bullish to the upside targets - orange line would be the immediate price target based on historical levels (daily, weekly and monthly). if it were to reach this, would likely see a strong reaction from the market with people who bought prices above this in late 2019 - early 2020 cutting losses here and anyone with entry prices below taking profits. Added possible outcomes: -blue (outcome 1) would see price go higher with some more volume, retest the top of the current range and hit region marked out with the green box (up 10%) just shy or around the price target of $6.30s. -red (outcome 2) would see price return to the lower end of the current range (down 10%), with a bearish retest of the upper end of the range (below current levels) -purple area below chart is the RSI, if it continues to respect the trend that begun in june 2015, it would top out again in the green box and head lower (leading to lower prices). - another alternative would be to break out, however seems less likely over the course of a 6 year cycle that QAN is currently in. would expect at a best case scenario prices to top out between here and $6.30 before heading lower over the course of the coming months/years or a breakout from this 6-year cycle (would have to rechart to see where that would lead to)
ASX:QAN
by thomoliam
QAN - Is the pullback Over?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 pull back may be over and it could move higher to towards the Strong Resistance Zone of $5.20 - $5.30 for a potential 10% gain. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:QANLong
by AsimMirzaTrader
QAN - Nothing goes up in a straight line - Buying Opportunity 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 the 50% Fib Retracement Zone. 5. There is a gap window between 4.95 - $4.68 region (another confluence of Support) 6. There is a trendline support in the same region which is the third confluence. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:QANShort
by AsimMirzaTrader
Qantas in Talks with the Government- Qantas is in talks with the government to secure an exemption for 1.5m social distancing rules on its its flights. - If given the green light and the ability to kick off at full capacity for domestic flights / (possibly incl. New Zealand) we expect the stock to move higher - possible to the 50% retracement. - Technically we are in a downward Channel and we need to break out of the immediate resistance and out of this channel. Our Momentum Squeeze is ON and we are waiting for a breakout.
ASX:QANLong
by Tuhi_Capital
3
What is Keeping QANTAS from going up?Many people are scratching their head wondering why the bought ASX:QAN and it is stuck and not following other stocks recovering. But the TA has all the answers here. Look at the green line that is the 50MA, the stock could not go beyond this key indicator and on the contrary it tested it and failed to break it. The price action structure doesnt look bad as the 0.236fib has been acting as support so far but again for those who impatiently want to buy this stock, I think it is better to wait for the price to close few days above the 50MA. And target can be calculated according to your trading TF. Atm the daily velocity has turned negative which is a warning signal though weekly velocity is positive which is a good thing for the bulls. RSI is neutral so nothing much about it. Keep you updated when things change.
ASX:QAN
by xtf_ze_trader