Qantas Airlines Limited

10 July 2018

Technical Summary: The stock of QAN has been on a long term uptrend as illustrated by the 5 year chart. This has continued on the one year chart – albeit at a slower pace. With the stock trading near all time highs the trend for the stock is up. Being an airline there has been some volatility in the price. This is illustrated around the middle of the 1 year chart where the stock pulled back from around $6.50 per share to below $5. Technically it was quite clear that the stock had put in its low when it made a higher low – for brave buyers this provided a buying opportunity. The stock appears to be consolidating around all time highs and will hopefully provide a buying opportunity over the next few weeks.

Standard airline pun about the stock taking off?

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