SYD under pressure as sellers hit price lower so where to from here

Potential Sell Alert

 

SYD – Sydney Airport

SYD has broken lower as sellers squeeze out the late buyers and take control. The long term trend is still in take but under fire as sellers work price lower from major resistance at 7.60/7.75 zone. Price is extended so we see potential for a higher low around 6.65 and then a move up or sellers to keep the squeeze on and price go into a long term correction lower as profits are locked in.

 

Stock Code : SYD – Sydney Airport

Company Website : www.sydneyairport.com.au

Current Price : 6.865

Status : On watch for further weakness

 

 

Previous Alert 22/12/17

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