Daily FNArena News - Technicals

Michael Gable of Fairmont Equities notes that after drifting back from its post merger announcement high, TPG Telecom appears set for another run up.

Craig Parker of Moat Capital notes the ASX200 held 5650 in the sell-off but now gas to try and make it back to the 200-day moving average.

The Chartist reports a resilient iron ore price suggests upside for the miners but in the current context there’s still more to prove.

Michael Gable of Fairmont Equities notes that since Reliance Worldwide’s share price gapped up post-result, that gap has now been closed.

Craig Parker of Moat Capital suggests a -20% correction for the ASX200 is looming.

Michael Gable of Fairmont Equities suggests logistics REIT Goodman Group is breaking back up post sell-off.

Craig Parker of Moat Capital notes a breakdown for the S&P500 below its 200-day MA would signal trouble for the ASX200.

Michael Gable of Fairmont Equities suggests electronic product SaaS company Altium could be offering a buying opportunity.

Craig Parker of Moat Capital notes the ASX200 is just hanging on to its uptrend but downside risk is dire.

The Chartist remains longer term bullish on Wall Street but right now has moved to the sidelines.