- 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...
Qantas is moving up towards a strong resistance area with prior support and resistance lining up with the 50% retrace of the move up from 2012-2020 and the 38.2% retrace of the move down from Jan - March. The 55 SMA is also not far above and moving south.
The RSI seems to be making an ascending wedge that is coming to an apex.
If the ascending wedge or...
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.
Qantas ASX:QAN is running out of room in what seems like a descending triangle. If there's no break to the upside, expect more downward pressure to $4.22 in the coming months - long term outlook.
Due to the uncertainty of the market - trade wars and oil prices - a breakout in the coming weeks should also be taken with a pinch of salt as it might be a bull trap...
Hello Traders!
From a technical point of view, possible completion of impulsive structure (12345), so we expect some corrective structure ABC. We will try to take short position as shown on chart, limited risk and good R/R Ratio (> 1:3)
COMPANY PROFILE
Qantas Airways Limited is an Australia-based company, which operates domestic and international airline. The...
I am confident of Qantas. The bullish trend is confirmed. Price is above the cloud. Conservatively, i have a price target of $6.74.
A break below $5.80 invalidates this view.
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.
NASDAQ:AAL the 28 day ascending triangle is not a very strong trend that i will usually trade. There's a strong resistance at $40.47, if we manage to turn this resistance into support, I target at $44.13.
Stop-loss: $37.78
For safer entry, a break with confirmation above $40.47 will give a better risk reward.
A break below SL will nullify this bullish take.
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...
Qantas facing a lot of resistance at 6.45.
This historical resistance was established in October 2007.
If we managed to break 6.45, expect free run to 7.60. Otherwise fall back support level at $6.05 then we re-assess from there.
![QAN: [QANTAS] BEARISH SETUP](https://s3.tradingview.com/n/n7EVLOtG_mid.png "[QANTAS] BEARISH SETUP")
