STW is holding highs nicely and is ready to force out the sellers

Potential Buy Alert STW

 

STW – SPDR S&P/ASX200 FUND ETF

The STW is holding up nicely and looks ready to continue higher to squeeze out the sellers. We may be seeing the start of a rally into Christmas if the higher lows just below 5600 can hold. The ASX200 ETF has spent a good part of the year (in line with the ASX200) ranging between 5300 and 5500 dragging in sellers, so we expect to see a further move higher as those sellers are forced out of the market. Watching now for a buy entry setup.

 

Stock Code : STW – SPDR S&P/ASX200 FUND ETF

Fund Website : www.ssga.com.au

Current Price : 5641

Status : On watch for buy entry setup