Shares of QAN have jumped at the ASX open and have reached a 4-week high of $5.20 in early trade.
Considering the headwind from the recent rally in crude oil prices, the stock has posted an impressive bounce off the January 10th low of $4.77.
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The internal momentum indicators are pointing higher and our ALGO engine triggered a buy signal on December 8th at $5.25.
We expect to see additional gains into the March 7th dividend payment, with the next level of chart resistance near $5.60.
QANTAS
