Daily FNArena News - Technicals

The Chartist reports the technicals show the Aussie dollar looking decidedly weak but US dollar weakness may prevail.

Michael Gable of Fairmont Equities suggests Treasury Wine Estates is providing a potential buying opportunity.

Craig Parker of Moat Capital suggests that having failed to regain the high, the ASX200 should now move back to its moving averages.

Michael Gable of Fairmont Equities notes chart activity and solid volume suggest financier FlexiGroup may have put in a bottom.

Craig Parker of Moat Capital suggests near term direction for the ASX200 will be dependent on a break-out, or not, for the S&P500.

The Chartist reports the technicals are still suggesting a pullback for the S&P500 after its solid run, unless the rare V-bounce has other ideas.

Michael Gable of Fairmont Equities expects some short term weakness in Seven Group Holdings which would provide an attractive entry point.

Craig Parker of Moat Capital still expects consolidation for the ASX200 but a trade deal is the swing factor.

The Chartist suggests the signs are still bullish for the S&P500 but a breather is likely in the near term.

Michael Gable of Fairmont Equities suggests any dip in the share price of Cleanaway Waste Management is a buying opportunity.