Daily FNArena News - Technicals

Nick Linton-Ffrost of Fifth Wave suggests the risk for the Australian market remains to the downside in the coming week.

The Chartist reports a technical buy has been triggered in the Dow Jones Industrial Average.

Michael Gable of Fairmont Equities notes a critical technical level for Fortescue which may suggest a bounce is due.

Nick Linton-Ffrost of Fifth Wave sees a failed break-out for the Australian index and thus downside risk.

The Chartist reports Woolworths has broken up on the chart but has left a gap, which suggests caution before any further bullishness.

Michael Gable of Fairmont Equities suggests a strategy to take advantage of weakness in ANZ Bank.

Nick Linton-Ffrost of Fifth Wave looks at the unfolidng technicals for the Australian index.

Nick Linton-Ffrost of Fifth Wave suggests a short-term trading idea in Suncorp.

The Chartist reports Oil Search is close to confirming a break-up that would send the share price into new upside territory.

Michael Gable of Fairmont Equities notes Westfield Group has broken out of its downtrend and is offering more upside.