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Jerm88
Oct 26, 2021 8:41 AM

QAN @ 26 OCT 2021 

QANTAS AIRWAYS LIMITEDASX

Description

Text me if you have any questions/comments for me.

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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
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