Qantas Airways (QAN.AX)
Signal Strength: MEDIUM
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading position.
Qantas Airways (ASX:QAN) : The current Fibonacci Retraction levels are:
The current support levels are:
A Fibonacci retracement is a term used in technical analysis that refers to areas of support (price stops going lower) or resistance (price stops going higher). Fibonacci retracement levels use horizontal lines to indicate areas of support or resistance at the key Fibonacci levels before the trend continues in the original direction.
Calculation: Fibonacci Retracements:
1) Uptrend: C = B — (B — A) x N%;
2) Downtrend: C = B + (A — B) x N%;
3) Fibonacci Levels:
PROFILE: Qantas Airways (QAN.AX)
Stock Exchange: ASX
Company: Qantas Airways
Ticker Codes: | QAN.AX | ASX:QAN |
Qantas Airways Limited provides passenger and freight air transportation services in Australia and internationally. The company also offers catering, and holiday and travel services, as well as cargo and express ground handling services; and operates frequent flyer loyalty program. In addition, it provides logistics services, including interstate trucking services for domestic and international air cargo industry; courier services to small and medium size enterprises, and individuals; and a range of baggage services. As of June 30, 2016, it operated a fleet of 303 aircraft. The company was founded in 1920 and is headquartered in Mascot, Australia.
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