Daily FNArena News - Technicals

The Chartist reports is setting itself to break up from its current range to potentially a new all-time high.

Michael Gable of Fairmont Equities suggests that while Telstra may yet see another dip, a strong buying opportunity would emerge.

The Chartist suggests after a solid run up for the US dollar index, a short term correction should be anticipated.

Michael Gable of Fairmont Equities notes Woodside Petroleum would offer solid upside if it does not breach its support level.

Nick Linton-Ffrost of Fifth Wave suggests a short-term trading idea in Woolworths, which has broken support.

The Chartist reports the bearish technical signals for the iron ore price are overriding any support level consideration for Australia’s iron ore miners.

Michael Gable of Fairmont Equities suggests the Australian stock market may find support around here for a bounce, but possibly not for long.

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

The Chartist reports the Australian bank index has further downside potential but will soon offer up an attractive re-entry point.

Michael Gable of Fairmont Equities suggests Brambles has bottomed and should head higher.