Daily FNArena News - Technicals

Michael Gable of Fairmont Equities suggests increasing volume to the downside is of concern as Carsales tries to rebound.

Craig Parker of Moat Capital notes the ASX200 is caught between the push and pull of strength in resources and weakness in banks.

The Chartist reports Macquarie Group is currently stuck in a consolidation phase following its stellar run and direction from here is indeterminate.

Michael Gable of Fairmont Equities suggests Nanosonics has broken outof its period of pullback.

Craig Parker of Moat Capital suggests a positive reaction from bank stocks to the commission interim report suggests the ASX200 can now move up again.

The Chartist reports the technicals for copper are looking positive but there’s work to be done yet.

Michael Gable of Fairmont Equities suggests any dip in the share price of Seven Group Holdings is a buying opportunity.

Craig Parker of Moat Capital sees upside for the ASX200, as long as Wall Street doesn’t give way in the meantime.

Michael Gable of Fairmont Equities notes gold miner Northern Star has broken out following a period of consolidation.

Craig Parker of Moat Capital notes the ASX200 remains stuck between moving averages, which is neither positive or negative.