Potential Sell Alert

SYD – Sydney Airport

SYD is showing further signs of moving lower as more sellers move in to pressure late buyers. We are now watching for a push lower followed by a lower high to work a sell entry setup. We see a lot of fuel built up to move price lower as buyers run for the doors.

Stock Code : SYD – Sydney Airport

Company Website : www.sydneyairport.com.au

Current Price : 7.285

Status : On watch for sell entry setup

Previous Alert 8/12/17

SYD – Sydney Airport

SYD is showing early signs of traders locking in some long term gains. We are watching the action for a potential move lower as late buyers into the action get squeezed back out of the market. There is major resistance around 7.75 so we expect some reaction up at current levels as price action is not convincing. If price pushes below 7.13 then the sellers will come out of the woodwork.

Stock Code : SYD – Sydney Airport

Company Website : www.sydneyairport.com.au

Current Price : 7.36

Status : On watch for sell entry setup