Potential Buy Alert WBC

WBC – Westpac Banking Corporation

WBC has recently found a minor support level at 30.50 and holding up considering today’s pressure on the ASX200. A rising interest rate outlook is a good thing for banks so we see the potential for WBC to hold support and push higher as buyers step in to the action. Price still has some work to do and may still be a bit choppy, but we expect to see buyers win out and build a higher low for a buy entry setup.

Stock Code : WBC – Westpac Banking Corporation

Company Website : www.westpac.com.au

Current Price : 31.25

Status : On watch for a buy entry setup