QANTAS - Wait and watch
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 pull back. Momentum is looking strong for the bulls on the weekly and monthly and I have marked two potential targets that sellers and ETF's would use to distribute their holdings (remembering this has to be done slowly over time because it's dependant on volume). However it is to early to tell if the fifth wave will end at denoted targets or we will have a pull back slightly and continue on for a extended fifth wave.
If you would like to request a chart for me to look at comment them below!
If you want to learn more about market cycles, Elliot wave or company investing check out the books below! Use my link and support me directly!
https://www.amazon.com.au/gp/product/1616040815/ref=as_li_tl?ie=UTF8&camp=247&creative=1211&creativeASIN=1616040815&linkCode=as2&tag=davidred-22&linkId=4e3afff1d6f9df3389dcf4b7458b6512
https://www.amazon.com.au/gp/product/0060555661/ref=as_li_tl?ie=UTF8&camp=247&creative=1211&creativeASIN=0060555661&linkCode=as2&tag=davidred-22&linkId=ce388a6a5ea3869cf0f7dd6ee0d326e8
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 pull back. Momentum is looking strong for the bulls on the weekly and monthly and I have marked two potential targets that sellers and ETF's would use to distribute their holdings (remembering this has to be done slowly over time because it's dependant on volume). However it is to early to tell if the fifth wave will end at denoted targets or we will have a pull back slightly and continue on for a extended fifth wave.
If you would like to request a chart for me to look at comment them below!
If you want to learn more about market cycles, Elliot wave or company investing check out the books below! Use my link and support me directly!
https://www.amazon.com.au/gp/product/1616040815/ref=as_li_tl?ie=UTF8&camp=247&creative=1211&creativeASIN=1616040815&linkCode=as2&tag=davidred-22&linkId=4e3afff1d6f9df3389dcf4b7458b6512
https://www.amazon.com.au/gp/product/0060555661/ref=as_li_tl?ie=UTF8&camp=247&creative=1211&creativeASIN=0060555661&linkCode=as2&tag=davidred-22&linkId=ce388a6a5ea3869cf0f7dd6ee0d326e8
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