Daily FNArena News - Technicals

Nick Linton-Ffrost of Fifth Wave suggests the ASX200 can consolidate and recover 5500 but that technically another leg down is likely.

The Chartist suggests an opportunity lies in Suncorp as it retaces towards its support level, global factors notwithstanding.

Michael Gable of Fairmont Equities reports the technicals are looking better for beaten-down Atlas Iron.

Nick Linton-Ffrost of Fifth Wave suggests Friday’s sell-off opens up the likelihood of further net selling for the ASX200.

The Chartist suggest Woodside may first drift lower but the technicals favour an upside break thereafter.

Michael Gable of Fairmont Equities notes that after drifting off from post-IPO highs, Veda Group is showing signs of a technical recovery.

Nick Linton-Ffrost of Fifth Wave suggests weaker trading this week for the ASX200 would increase the odds of a greater pullback.

The Chartist reports a break-out on the chart for Telstra which may need confirmation, but may not be worth missing.

Michael Gable of Fairmont Equities believes Seek may be setting for a strong break to the upside.

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