ANZ is heading lower so time for a Sell entry setup

New Sell Entry Alert

 

ANZ – Australia and New Zealand Banking Group Limited

Stock : ANZ – Australia and New Zealand Banking Group Limited

Current Price : 29.35

New Sell Entry (Trigger Level) : 28.89

Potential Buy Exit Zone (Stop Loss) : 29.75

Status : On watch for sell entry trigger

ANZ is looking weak and ready to test new lows as the weekly charts along with the daily charts point lower. We are happy to sell at 28.89 and hold the risk level at 29.75 above the lower high. Lets see how this plays out.