Current Active Alert Management
QAN released their trading update showing some good results beating revenue from previous corresponding period by 5.1%. Watch now to see how the market takes the news and if the short squeeze can continue.
PREVIOUS ALERT 18/10/17
QAN – Qantas Airways Limited
Qantas continues to squeeze out sellers on a move higher so we have managed to take a partial exit and are now happy to raise the stop loss level to further lock in gains. The stock is starting to look a little stretched so we are happy to tighten up and see how much more we can squeeze out of price.
Stock Code : QAN – Qantas Airways Limited
Company Website : www.qantasnewsroom.com.au
Current Price : 6.475
Previous Buy Entry (Trigger Level) : 5.98
Remaining Sell Exit Zone (Stop Loss) : 6.20
Previous 50% Partial Exit level (Target) : 6.52
Status : On watch for continuation higher
QAN – Qantas Airways Limited
QAN continues to put pressure on the sellers and squeeze them out of the market on its way higher. We expect to see this trend continue and for Qantas to grind higher and are happy to take a partial exit at 6.52. From there we will watch and assess the action as it plays out.
Stock Code : QAN – Qantas Airways Limited
Company Website : www.qantasnewsroom.com.au
Current Price : 6.23
Previous Buy Entry (Trigger Level) : 5.98
Sell Exit Zone (Stop Loss) : 5.65
Potential 50% Partial Exit level (Target) : 6.52
Status : On watch for continuation to partial exit
ORIGINAL ALERT 4/10/17
QAN – Qantas Airways Limited
QAN is on the move and we are now watching for a short squeeze. The selling pressure has been lacking and buyers are still in control so we are happy to buy at current market prices and hold risk at 5.65.
Stock Code : QAN – Qantas Airways Limited
Company Website : www.qantasnewsroom.com.au
Current Price : 5.97
New Buy Entry (Trigger Level) : 5.98
Potential Sell Exit Zone (Stop Loss) : 5.65
Status : On watch for buy entry trigger