Potential Sell Alert QAN

QAN – Qantas Airways Limited

QAN has been pressuring buyers since making all time highs at 6.53 back in October last year. With the current ASX200 coming under increased pressure and as global markets go into free fall, the potential is there for QAN to unwind further ‘buy’ positions and push down to 3.70 as stop losses are triggered. Price will need to hold at current levels and buyers fight back if we are to see strong bounce.

Stock Code : QAN – Qantas Airways Limited

Company Website : www.qantas.com

Current Price : 5.17

Status : On Watch for further selling pressure