QAN may be coming back down to earth so looking for a Sell entry

New Sell Entry Alert


QAN – Qantas Airways Limited

Stock : QAN – Qantas Airways Limited

Current Price : 5.595

New Sell Entry (Trigger Level) : 5.50

Potential Buy Exit Zone (Stop Loss) : 5.85

Status : On watch for sell entry trigger

QAN is looking weak off a major resistance level. We see a lot of buyers all stacked up that could easily fuel a sell-off as they chase price to lock in potential profits. We are happy to sell on a push below 5.50 and hold risk at 5.85 above the lower high. If price trades 5.85 prior to entry then we will re-assess the price action.