Daily FNArena News - Technicals

The Chartist reports Harvey Norman is likely setting for a bounce but only ahead of further weakness.

Michael Gable of Fairmont Equities suggests chart action on nickel producer Western Areas is hinting at a significant upside move.

Craig Parker of Moat Capital suggest the ASX200 is showing some glimmers of hope but an overbought Wall Street remains a concern.

The Chartist reports the signs are mounting for a Wall Street pullback, although likely nothing too dramatic.

Michael Gable of Fairmont Equities suggests Computershare can push towards a new high.

Craig Parker of Moat Capital notes the ASX200 has held support but as to where from here is unclear.

The Chartist believes iron ore remains in a medium term uptrend but expects a period of price weakness.

Michael Gable of Fairmont Equities suggests that after a recovery run for the banks, downside risk remains.

Craig Parker of Moat Capital is concerned over a local VIX back at support and an S&P500 looking overbought.

The Chartist suggests an ongoing downtrend is reason to stay out of Woodside.