Buyers trigger the exit level as they squeeze price higher

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.

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

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