Qantas – Algo Buy Signal

Qantas Airways is under Algo Engine buy conditions and is now a current holding in our ASX 100 model.

The switch from sell to buy conditions means the stock has automatically been added, however, traders may wish to watch the shorter-term indicators for confirmation of the change in trend.

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The below graph highlights the key trend signals to watch and we forecast buying support to build near the $6.50 level.

 

 

 

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