The Chartist reports the charts suggest an ongoing tale of woe for iron ore prices, and hence iron ore producers.
Michael Gable of Fairmont Equities reports the signals suggest a pullback for Coca-Cola Amatil following its price recovery.
Michael Gable of Fairmont Equities suggests failure at 6000 implies a pullback ahead for the ASX200, providing a buying opportunity.
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.