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Potential Sell Entry Alert to Watch QAN
Time Frame : Daily/Weekly
Sector : Transportation/Industrials
Key Stats : $9.33 Billion Market Cap, VWAP 5.692, ASX Ranking 47, 4 Week Av Turnover $47,271,547, Current Turnover (Intraday as at time of alert) $15,024,076.
Company Overview : Qantas Airways Limited (QAN) operates its main business of transportation of passengers using two complementary airline brands – Qantas and Jetstar. The Company also operates other airlines, and businesses in specialist markets such as Q Catering.
Broker Consensus : BUY
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QAN – Qantas Airways Limited
Buyers have been coming under pressure recently as sellers jump into the market at lower levels. The recent failure for price to push up through 6.20 and then again struggling at the 5.80/5.85 zone, we would expect to bring in further selling pressure. Watching now for a lower high to hold and price push down through 5.30 and below.
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Stock Code : QAN – Qantas Airways Limited
Company Website : www.qantasnewsroom.com.au
Current Price : 5.69
Status : On watch for potential lower high and push down through 5.30
