Daily FNArena News - Technicals

The Chartist suggests the plunge in the oil price is healthy, assuming US$60/bbl holds.

Michael Gable of Fairmont Equities suggests fruit & vegetable purveyor Costa Group is offering upside post its pullback.

Craig Parker of Moat Capital suggests upside for the ASX200 requires the banks to break up through technical resistance.

The Chartist suggests a good clean-out of stale longs is just what the Shanghai index needed to provide for fresh upside.

Michael Gable of Fairmont Equities notes having not pulled back as far as expected, BHP may be setting for a run to $40.

Craig Parker of Moat Capital suggests the uptrend for the ASX200 should continue, until reality sets in.

Michael Gable of Fairmont Equities notes Seven Group Holdings has retreated sharply after a long, strong run.

Craig Parker of Moat Capital sees more consolidation ahead for the ASX200, dependent on how long the local market remains at arm’s length from international issues.

The Chartist reports the run in Aristocrat Leisure shows no sign of slowing.

Michael Gable of Fairmont Equities notes that after a long retracement, Bellamy’s appears set for upside once more.