Our ALGO engine triggered a buy signal in QANTAS on December 8th at $5.25.
Since then the share price dipped to a low ow $4.84 on a combination of higher oil prices and a stronger AUD/USD.
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With analysts forecasting QAN to post record earnings of 10.32% over the course of 2018, investors could expect shares of the flying kangaroo to reclaim some of last year’s upside trajectory.
Internal momentum indicators are pointing higher and the next key technical target is the mid-December high of $5.45.
QANTAS
