Will Qantas break the $6.45 resistance established 10 years ago?

21 May 2018

Qantas facing a lot of resistance at 6.45.
This historical resistance was established in October 2007.

If we managed to break 6.45, expect free run to 7.60. Otherwise fall back support level at $6.05 then we re-assess from there.

21 May 2018

Not

Decision decision decision...

QAN went into a symmetrical triangle and is now being squeezed at the tip.

I see we have a bit - really just a a bit - of steam left to try for $6.45 again.

If we fall, we might go to $6.05.

22 May 2018

Not

I have a feeling that Qantas has completed Wave 5. It is losing steam and volume. Slowly creeping down.

If this is the corrective wave ABC, then it seems like C which is longer than usual might be the Wave 3 of an impulsive wave down.

Take note.

23 May 2018

Not

Revised target update.


Let's try for 6.45 again BULLS!!!

23 May 2018

Not

If we break out of the ascending triangle, let's aim for $7.

31 May 2018

Not

Looking good.

31 May 2018

Not

If we close above the ascending triangle today, expect to go long to Target 1 (remains).