Will Qantas break the $6.45 resistance established 10 years ago?

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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.

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ملاحظة

Decision decision decision...

QAN went into a symmetrical triangle and is now being squeezed at the tip.

I see we have a bit - really just a a bit - of steam left to try for $6.45 again.

If we fall, we might go to $6.05.

٢٢ مايو ٢٠١٨

ملاحظة

I have a feeling that Qantas has completed Wave 5. It is losing steam and volume. Slowly creeping down.

If this is the corrective wave ABC, then it seems like C which is longer than usual might be the Wave 3 of an impulsive wave down.

Take note.

٢٣ مايو ٢٠١٨

ملاحظة

Revised target update.


Let's try for 6.45 again BULLS!!!

٢٣ مايو ٢٠١٨

ملاحظة

If we break out of the ascending triangle, let's aim for $7.

٣١ مايو ٢٠١٨

ملاحظة

Looking good.

٣١ مايو ٢٠١٨

ملاحظة

If we close above the ascending triangle today, expect to go long to Target 1 (remains).