##{"id":59149,"date":"2011-11-14T14:16:54","date_gmt":"2011-11-14T03:16:54","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2011\/11\/14\/qantas-shares-at-cross-roads\/"},"modified":"2011-11-14T14:16:54","modified_gmt":"2011-11-14T03:16:54","slug":"qantas-shares-at-cross-roads","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2011\/11\/14\/qantas-shares-at-cross-roads\/","title":{"rendered":"Qantas Shares At Cross Roads"},"content":{"rendered":"<p>\n\t<img decoding=\"async\" alt=\"\" src=\"http:\/\/www.fnarena.com\/ckfinder\/userfiles\/images\/Qantas_WizardNov11.jpg\" style=\"width: 670px;height: 385px\" \/><\/p>\n<p>\n\tThe <span>TechWizard<\/span> has observed shares in Qantas ((<span>QAN<\/span>)) have bounced to circa $1.63 after falling from $3 to $1.18 earlier.<\/p>\n<p>\n\tTechnically, reports the Wizard, the shares are now sitting at resistance at the 20 moving average (M\/A). This provides investors with two possibilities for the path ahead:<\/p>\n<p>\n\t1. the shares resume their downtrend and revisit $1.20 soon<\/p>\n<p>\n\t2. the shares run up to the top Bollinger band resistance at $2.00<\/p>\n<p>\n\tThe <span>TechWizard<\/span> believes we will see an end-of-the-year rally in equities and as such he <span>favours<\/span> scenario number two<\/p>\n<p>\n\tThe <span>TechWizard<\/span> is the pseudonym of Scott Morrison, whose experience in financial markets exceeds twenty years. Morrison operates his own website nowadays at <span>www.techwizard.com.au<\/span>. All views expressed are the <span>TechWizard&#039;s<\/span>, not <span>FNArena&#039;s<\/span> (see our disclaimer).<\/p>\n<p>\n\t<strong>Technical limitations<\/strong><\/p>\n<p>\n\t<strong><span style=\"font-style: italic\">If you are reading this story through a third party distribution channel and you cannot see charts included<\/span>, we <span><span>apologise<\/span><\/span>, but technical limitations are to blame.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The TechWizard reports it&#8217;s make or break time for shares in Qantas.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[44,33],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/59149"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=59149"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/59149\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=59149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=59149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=59149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}