QAN may be coming back down to earth as profits are locked in

Potential Sell Alert

 

QAN – Qantas Airways Limited

QAN is struggling up at the highs around 6.00 and we expect to see some action soon. Considering the strength in the move up from 4.00, we expect that there may be a lot of fuel in the market for a move lower if traders decide to take profits. We are patiently waiting for a sell entry setup but price still may have some work to do.

 

Stock Code : QAN – Qantas Airways Limited

Company Website : www.qantasnewsroom.com.au

Current Price : 5.76

Status : On watch for sell entry setup