Qantas Airways (QAN:ASX)
Technical Analysis: Qantas shares understandably have been hit hard by the covid pandemic and its shares have moved with sentiment given heavy travel restrictions still in place. We believe Qantas is trading too optimistically, within the pre-covid range of $5.20 to $6.80 and nearing 1-year highs. Over the last year we can see support at $4.40, and any level below looks oversold with a sharp rebound when broken.