Daily FNArena News - Technicals

Craig Parker of Moat Capital suggests some consolidation may be ahead for the ASX200.

Michael Gable of Fairmont Equities suggests holding on to positions in Wisetech Global to confirm a true breakout.

Craig Parker of Moat Capital warns the uptrend for the ASX200 remains intact but Wall Street is looking less certain.

The Chartist expects iron ore to pullback from short-term overbought conditions but the trend remains to the upside.

Michael Gable of Fairmont Equities suggests the trend line for Goodman Group is supported and any dip presents a buying opportunity.

Craig Parker of Moat Capital suggests the ASX200 remains in a daily uptrend but bearish signals are appearing in weekly and monthly charts.

The Chartist reports copper is showing possible signs of exhausted selling but the long downtrend ensures nothing is certain.

Michael Gable of Fairmont Equities suggests TechnologyOne is showing signs the decline may soon be over.

The Chartist reports the trend remains down for the lithium price, but a double-bottom could be forming.

Michael Gable of Fairmont Equities notes rallies in the share price of accounting software company Xero tend to beget further buying.