Daily FNArena News - Technicals

The Chartist suggests the signs are still bullish for the S&P500 but a breather is likely in the near term.

Michael Gable of Fairmont Equities suggests any dip in the share price of Cleanaway Waste Management is a buying opportunity.

Craig Parker of Moat Capital sees upside more likely for the ASX200 in the short term but not the longer term.

Michael Gable of Fairmont Equities notes a strong earnings result has led James Hardie to a technical break-up that should be sustained.

Craig Parker of Moat Capital notes the ASX200 is now above its moving average, but the S&P500 is consolidating.

Michael Gable of Fairmont Equities suggest that after its big sell-off, ResMed is most likely to stall for a period before recovering.

Craig Parker of Moat Capital suggests there are positive signs for the ASX200 but the bank Royal Commission report is a potential game-changer.

Michael Gable of Fairmont Equities suggests Nanosonics has broken to the upside following a pullback.

Craig Parker of Moat Capital notes the ASX200 is set to meet resistance at 5950 and more so at 6000.

The Chartist notes the Small Ordinaries index has enjoyed a bounce but caution is required with regard picking the trend.