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Buyers push price higher after the sell entry level was triggered to hit the Stop Loss level at 5.83 so the alert is now closed.
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Original Alert 4/03/19
New Sell Entry Alert 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
QAN is under selling pressure on a day where the bulls are out to play so things are looking shaky. We are happy now to sell on a push below 5.52 lows and will hold a stop loss at 5.83. If price rallies up through 5.83 prior to entry, we will cancel the alert and re-assess the action.
Stock Code : QAN – Qantas Airways Limited
Company Website : www.qantasnewsroom.com.au
Current Price : 5.59
New Potential Sell Entry (Trigger Level) : 5.52
Potential Buy Exit Zone (Stop Loss) : 5.83
Status : On watch for Sell entry trigger
