Sydney Airport Limited (SYD.ASX)

1 March 2018


Technical Summary: Between 2013 and 2018 the stock of SYD really took off and flew in a consistent uptrend from around $3 per share to nearly $8. Since that time the stock has been taxiing in a trading range between around $6 per share and $7.50. This may be a satisfactory situation for long term holders of the stock but for new investors there is no trend opportunity. The consolidation period at this stage appears to be slow moving and traders may have to be patient to wait for a clear cut opportunity. Especially recently as the stock is locked below its 50 day moving average and has made a series of lower lows.

Stock appears to be "taxiing" between "terminals" at the moment

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