Qantas
QAN
has been quite stable and experiencing low volatility for the past few weeks. The bollinger band seems to be squeezing as a result. A squeeze means a swing in the price is coming. We have to break out of the ascending triangle otherwise, we are not going anywhere.
Wait for breakout and confirmation. Price has to close above $6.45 on the daily.
Target: $7.50 if break out is confirmed.
Otherwise wait for pullback to the EMA55 level at $6.11
Wait for breakout and confirmation. Price has to close above $6.45 on the daily.
Target: $7.50 if break out is confirmed.
Otherwise wait for pullback to the EMA55 level at $6.11
코멘트:
Follow through.
Trade closed.
Trade closed.
CMF is still growing positively.
RSI is still in a healthy range.