Daily FNArena News - Technicals

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

The technicals suggest the S&P500 still needs to consolidate before pushing on to higher highs, The Chartist reports, although it hasn’t behaved as such to date.

Michael Gable of Fairmont Equities suggests Flight Centre is technically neutral at present but strong support exists on any drop.

Nick Linton-Ffrost of Fifth Wave suggests Woolworth’s weak result response is offering a potential buying opportunity.

Michael Gable of Fairmont Equities suggests Rio Tinto will look to $62 before finding strong support.

Nick Linton-Ffrost of Fifth Wave notes the tehcnicals suggest an emerging Buy on Westpac.

The Chartist reports Telstra’s result-driven rally suggest further upside, but probably not before closing the gap on the chart.

Michael Gable of Fairmont Equities suggest Santos is preparing to break higher.

Nick Linton-Ffrost of Fifth Wave suggests the bias for the ASX200 remains to the downside this week.

Michael Gable of Fairmont Equities suggests the Dow Jones Industrial Average should gravitate back towards 17,000 in coming weeks.