Westpac Banking Corporation (WBC:NZX)
Technical Summary: WBC looks interesting at these levels as the chart seems to be set for expansion from here. The stock retreated from its recent peak at $20.07 on 12th August to form a trough on 11th September touching $18.30. We see that $18.30 serves as a good entry point for investors waiting on the side-lines. For traders the trading range is between $18.30 to $19.30 and should shift higher as the stock moves upwards. Existing investors can top up as apparently the worst is over for WBC and seems to be sitting at an inflection point. Any reversal from here will see its first key resistance at $19.30. As this level is broken with strength and volume then the next level of resistance is around $20.50. If this is broken too then stock can test the major resistance at $21.85. The support at $17.60 should hold in case of any negative movements.