420 make or break for qantasI hate to usually say its gonna go up or down however whether it breaks above or below the 4.20 mark on qantas will determine the overall direction imo. However I'd prefer it to go up
QAN trade ideas
Qantas heading south?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 trendline breaks to the downside I think it's likely to revisit the recent lows and possibly head to around $1.20 which is roughly the lows of 2012 & 2014 as well as 1.618 and 0.618 fib extensions of wave 1 & 3 respectively.
I assume a lot of traders might have been speculating on Qantas possibly being the only airline in Australia after Virgin stopped trading. The news of virgin being offered a $200 million bailout from the QLD government after hours on Friday might cause some to exit their positions going into resistance.
QAN run is over.I think the run of QAN is over. expected higher oil prices will hurt QAN share price.
Well, the perception of this anyway. :)
Profit taking time for Qantas? $QANTopped 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 - Wait and watchHey 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.
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Looking for a short QAN is at its 52 week high, if it goes pass $7 thats when i'm movitated to short it.
ASX:QANTAS - Running out of room on the weekly - Long termQantas 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 and may revisit $5.20. However, a break with conviction to the upside and doesn't look back will bring us to the top of the channel above $7.
A break below $5.20 invalidates this outlook.
Watching QANthe reason I’m looking at this stock because it’s going ex-dividend today, also just due to the oil price dipping lower this might see a bullish move. Will watch.
Watching QAN The reason I’m looking at this stock because it’s going ex-dividend today, also just due to the oil price dipping lower this might see a bullish move. Will watch.
[QANTAS] BEARISH SETUPHello 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 Company is engaged in the operation of international and domestic air transportation services, the provision of freight services and the operation of a frequent flyer loyalty program. Its segments include Qantas Domestic, Qantas International, Jetstar Group, Qantas Freight, Qantas Loyalty and Corporate. The Qantas Domestic, Qantas International and Jetstar Group segments include passenger flying businesses. The Qantas Freight segment is engaged in the air cargo and express freight business. The Qantas Loyalty segment is engaged in the customer loyalty recognition programs. Its main business is the transportation of customers using two airline brands, which include Qantas and Jetstar. It also operates subsidiary businesses, including other airlines and businesses in specialist markets, such as Q Catering. Its airline brands operate regional, domestic and international services.
Sector: Industrials
Industry: Airlines
Employees: 29.359
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ASX: QANTAS $QAN bullish trendAI 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.
$QAN Qantas trade set-up long off optimal entry fib zoneDouble 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.
Don't buy Qantas yet!!
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 189 days ascending triangle BREAK ?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.
ASX: QAN Qantas trading in an ascending triangleQantas 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 daily.
Target: $7.50 if break out is confirmed.
Otherwise wait for pullback to the EMA55 level at $6.11
Qantas Overview : Potential Irregular Flat Price is currently just above the impulse high meaning this may be a potential irregular flat in the making, the impulse itself reached the 161.8% extension so this could indicate a correction will be coming into the trend. The formation of an irregular flat is when the B Wave extends over the impulse high (If Uptrend) then reverses to either touch the A Wave Low or move below, it then generally follows with another impulse to the upside. I'm currently short at the moment, but to be safe wait for the B wave trend line to break then wait for a flag/correction to form (as shown below).
Thanks, Lorenzo
Qantas, ready for take off-No clear primary pattern but a retest of 6.50 handle which happens to coincide with the ATH before the GFC crash 2007
-Small 4 week ascending triangle 'launching pattern' (without this, I wouldn't even consider this trade)
-Strong uptrend
-Bollinger bands squeezing on the daily
30 basis points planned
Buy on a break and daily close above 6.58 with an increase in volume
Trend follow model for trade management
QAN about to get bumpy 6.48 exit to your leftSTAY OUT
Gapped up twice, expect both to be filled
SIGNIFICANT -ve div on RS
ASX:QAN Qantas refused to close above 6.50 and where next?ASX:QAN Qantas refused to close above $6.50 today and a shooting star has formed.
A support at $6.10 if we drop further tomorrow.
