Daily FNArena News - Technicals

Michael Gable of Fairmont Equities suggests that having shot up in a straight line, the ASX200 has run ahead of itself, and some consolidation is to be expected

While Westpac remains in a technical uptrend, The Chartist suggests a current lack of conviction implies patience is required

Michael Gable of Fairmont Equities notes uranium company Deep Yellow has broken key resistance

Michael Gable of Fairmont Equities notes that having technically broken up, the S&P500 needs confirmation

The Chartist reports share price weakness into the retracement zone would be the ideal set-up for the next leg higher for shares in Altium

Michael Gable of Fairmont Equities sees further gains ahead for Grange Resources shares

Michael Gable of Fairmont Equities notes furniture retailer Nick Scali has come off its highs, but not that far

Michael Gable of Fairmont Equities warns Coronado Global Resources has pulled back into its recent range and must hold support from here

The Chartist notes while still in a down-trend, iron ore has bounced nicely and a breakout may yet be on the cards

Michael Gable of Fairmont Equities suggests Fortescue Metals is signalling upside on higher volumes