Daily FNArena News - Technicals

Michael Gable of Fairmont Equities suggests Wesfarmers had been set to push higher, hence a dip would provide a buying opportunity

Michael Gable of Fairmont Equities notes Fortescue Metals is back on the move, breaking out in to what could be another extended rally

Michael Gable of Fairmont Equities suggests a breakout from a consolidation period implies Harvey Norman is heading upward once more

As “covid winners” return to the fore, Michael Gable of Fairmont Equities notes Ansell is technically set up for a rally

The Chartist reports the trend for crude oil remains to the upside longer term

Michael Gable of Fairmont Equities suggests CSL is set for a short term share price dip, providing an attractive entry point

The Chartist notes the prices of iron ore and its miners have taken a breather, but the technicals suggest resumption of the uptrend

It may take a day or two to confirm, but Michael Gable of Fairmont Equities notes Zip Co is showing signs of a rebound

Analysts believe Commonwealth Bank is too expensive (they always do) while The Chartist sees further upside, but now is not the best time to get in.

Michael Gable of Fairmont Equities notes that having lost favour in February-March, Afterpay rebounded but failed in April. It may be now ready for another go at $100