Daily FNArena News - Technicals

Craig Parker of Moat Capital suggests 6500 is the next level to watch for the ASX200.

The Chartist awaits a dip in the Nasdaq ahead of further upside, assuming something more sinister is not developing.

Michael Gable of Fairmont Equities suggests Cimic’s share price bounce post result has further to run.

Craig Parker of Moat Capital sees 6500 ahead for the ASX200 but risks are emerging.

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.