Daily FNArena News - Technicals

Craig Parker of Moat Capital sees upside more likely for the ASX200 in the short term but not the longer term.

Michael Gable of Fairmont Equities notes a strong earnings result has led James Hardie to a technical break-up that should be sustained.

Craig Parker of Moat Capital notes the ASX200 is now above its moving average, but the S&P500 is consolidating.

Michael Gable of Fairmont Equities suggest that after its big sell-off, ResMed is most likely to stall for a period before recovering.

Craig Parker of Moat Capital suggests there are positive signs for the ASX200 but the bank Royal Commission report is a potential game-changer.

Michael Gable of Fairmont Equities suggests Nanosonics has broken to the upside following a pullback.

Craig Parker of Moat Capital notes the ASX200 is set to meet resistance at 5950 and more so at 6000.

The Chartist notes the Small Ordinaries index has enjoyed a bounce but caution is required with regard picking the trend.

Michael Gable of Fairmont Equities suggests that having retraced 50% of its prior loss, the S&P500 should now enter a period of consolidation.

Craig Parker of Moat Capital suggests enjoy it while it lasts, the trend remains weak for the ASX200.