Daily FNArena News - Technicals

The Chartist suggests JB Hi-Fi is presenting a buying opportunity.

Michael Gable of Fairmont Equities evaluates the technicals of popular lead indicator, the Dow Transports index.

Craig Parker of Moat Capital suggests little direction is apparent on the charts with the ASX200 beholden to what transpires in the US.

Michael Gable of Fairmont Equities suggests gold at US$1450 is a possibility.

Craig Parker of Moat Capital suggests the ASX200 can break up and run to 6000 but much depends on Wall Street.

Michael Gable of Fairmont Equities suggests chasing NextDC higher is not advisable at this point.

Craig Parker of Moat Capital caution is required ahead of the Fed meeting with regard the direction of the ASX200.

The Chartist reports that while the Aussie dollar may continue to pull back in the short term, the wider trend remains to the upside for now.

Michael Gable of Fairmont Equities suggests Northern Star Resources is offering a means to capture gold price upside.

Craig Parker of Moat Capital suggests the index is currently stuck between 5600-5800, looking for direction.