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Qantas Airways (QAN) Ltd $5.05

QAN has already bounced 17% from last weeks low when fears reached a crescendo around the Russia – Ukraine conflict. However what specifically caught our eye is the degree of the stocks $1.59 / 26% pullback, exactly what was witnessed through 2021.

  • Markets have a distinct habit of repeating themselves, just like history, the technical Analysis name for the characteristic is “Wave Symmetry”. MM will often look at such retracement targets /  areas to buy stocks that fit our valuation criteria.

As discussed in the recent Members Webinar, available here for those that missed it, we have recently expanded the MM research team with a Research Lead, charged with coordinating our research efforts with a focus on the macro & technical aspects of our calls, in other words, very much focussed on optimising our timing of when we buy/sell things. This expansion of the team we firmly believe will be a real win for our portfolios, and subscribers generally, and I’ll be introducing you all to this new hugely experienced resource in coming weeks.

QAN
MM remains long and bullish QAN
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Qantas Airways (QAN) Ltd
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