SYD showing may see some sellers locking in gains to squeeze the buyers

Potential Sell Alert

 

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