Daily FNArena News - Technicals

Nick Linton-Ffrost of Fifth Wave suggests the ASX200 remains on track for 5400 as long as support at 5000 holds.

Michael Gable of Fairmont Equities suggests Westfield Corp could be in for a break-out after bucking the market trend.

Nick Linton-Ffrost of Fifth Wave suggests the ASX200 could form a low under 4900 before being back on target for 5400.

The Chartist suggests the US stock market is due a period of consolidation before the upside trend continues.

Michael Gable of Fairmont Equities concurs with other technical views that still favour upside for the ASX200.

Nick Linton-Ffrost of Fifth Wave suggests the ASX200 may be set to post a higher low before resuming the expected up-trend.

The Chartist suggests ANZ might enjoy a short term bounce from an oversold position, but the trend remains weak.

Michael Gable of Fairmont Equities notes the buy signals are building for Santos, which appears to have limited downside.

Nick Linton-Ffrost of Fifth Wave is maintaining a 5400 target for the ASX200 as long as 5050 holds.

Michael Gable of Fairmont Equities mind’s his own business and sees potential upside in accounting software firm MYOB.