QANTAS Getting Stronger

I have had a request to see what Qantas is upto….so here you go Brenda!

After close to 2 years of a strong down trend, QAN (QANTAS) has shown signs of strengthening since  May.

In May QAN managed to break out of a strong down channel, making higher peaks and higher troughs indicating the bulls are taking control. There is a consolidation area at the moment, should QAN break above the $2.20 resistance, $3.00 is the next major area of resistance. However if the less likely scenario of a breach of $1.80 support should happen, QAN is likely to head to $1.40.

 

 

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This entry was posted on Wednesday, July 22nd, 2009 at 3:40 am and is filed under Stock Market Guide. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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One Response to “QANTAS Getting Stronger”

  1. bonkers Says:
    September 3rd, 2009 at 1:59 pm

    Qantas has done a low today of 245===September 3rd 2009-Thursday-anniversary date UK declares war against Germany 1939—its low 240—Tuesday September 2nd 2009 War ends in the Pacific 1945 USS Missouri Tokyo Habour.
    It was shorted September 1st 2009–start Spring Germany invades Poland 1939–sell 239 buy 261

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