Sellers taking control and pressuring buyers lower

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