Daily FNArena News - Technicals

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.

Craig Parker of Moat Capital applauds a bounce in the banks but would like now to see some consolidation.

The Chartist is longer term bullish on gold but warns of shorter term downside risk.

Michael Gable of Fairmont Equities suggests the up/downside for Telstra from here depends on breaching critical levels.

Craig Parker of Moat Capital suggests the ASX200 is primed to retest 6150.