Nick Linton-Ffrost of Fifth Wave suggests near-term, the ASX200 may yet push beyond 6000 but over the next few months a pullback towards 5100 is in the charts.
The Chartist reports the Aussie dollar has retraced to an inflection point. Bearishness continues to reign unless 80 is broken.
Michael Gable of Fairmont Equities suggests Bendigo & Adelaide Bank is a value alternative to the overbought Big Four, and technically supported.
Nick Linton-Ffrost of Fifth Wave believes a rally will ensue for the index over the next few days before a pullback.
The Chartist suggests Fortescue’s trajectory remain to the downside ahead of a buying opportunity at lower levels.
Michael Gable of Fairmont Equities suggests a lack of downside move for McMillan Shakespeare should imply upside ahead.
Nick Linton-Ffrost of Fifth Wave suggests the ASX200 will likely now move sideways before another leg lower.
The Chartist suggests the Aussie dollar has fallen into a critical range that may imply upside from here.
Michael Gable of Fairmont Equities suggests a post-results plunge for Pact Group has likely not affected the stock’s up-trend.
Nick Linton-Ffrost of Fifth Wave suggests the ASX200 will pull back to 5700 initially and then move down to 5500.