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