Daily FNArena News - Technicals

Michael Gable of Fairmont Equities suggests that despite today’s sell-off, the ASX200 has the capacity to reach 7200.

The Chartist suggests it is not yet time to take profits in CSL but new buyers should await a better opportunity.

Michael Gable of Fairmont Equities notes BHP Group is making higher lows and higher highs.

The Chartist reports that the technical risks are skewed to the upside for the gold price.

Michael Gable of Fairmont Equities suggest Appen has now seen a bottom and any weakness from here is a buying opportunity.

Michael Gable of Fairmont Equities suggest that after a period of consolidation, Amcor appears ready to head higher.

The Chartist is not yet convinced the lithium price is set for a more material recovery, but the early signs are positive.

Michael Gable of Fairmont Equities notes Transurban has broken up from a period of consolidation which should lead to further upside.

Michael Gable of Fairmont Equities notes Independence Group has tentatively broken out of its recent consolidation pattern.

The Chartist reports the technicals remain positive for the S&P500 with all-time highs again looming.