Potential Sell Alert ANZ

ANZ – Australia and New Zealand Banking Group Limited

ANZ has found the weakness and selling pressure as we expected so its now about the entry setup. The price may have a lot further to go lower as we see support at 27.25 and then down to 22.00. Longer term we see some potential weakness so will keep ANZ on the radar.

Stock Code : ANZ – Australia and New Zealand Banking Group Limited

Company Website : www.anz.com

Current Price : 28.50

Status : On watch for selling pressure and a lower high

PREVIOUS ALERT 9/11/17

ANZ – Australia and New Zealand Banking Group Limited

ANZ may not be everyones favourite as we see buyers struggling and lacking conviction. We see the potential for longer term weakness to creep in so we are on watch for a lower high to squeeze out the buyers and pressure price lower.

Stock Code : ANZ – Australia and New Zealand Banking Group Limited

Company Website : www.anz.com

Status : On watch for selling pressure and a lower high