Daily FNArena News - Technicals

The Chartist reports a lengthy consolidation pattern for Seek suggests an upside break may soon be nigh, albeit patience is required.

Michael Gable of Fairmont Equities suggests ResMed may fall further before the upside trend resumes.

Nick Linton-Ffrost of Fifth Wave suggests the technicals suggest further downside for the ASX200, with a break of 5750 implying a move to 5500.

The Chartist reports the recent bounce in the iron ore price might not simply represent a short term snap-back.

Michael Gable of Fairmont Equities suggests a pullback for Ramsay Healthcare is not an opportunity to be missed.

Nick Linton-Ffrost of Fifth Wave suggests the ASX200 is building for a break-out of its trading range, favouring the upside.

The Chartist reports copper is meeting resistance at its previous low support level but a break-out would be very bullish for the metal.

Michael Gable of Fairmont Equities suggests Telstra is close to completing its retracement.

Nick Linton-Ffrost of Fifth Wave suggests a break below 5900 for the ASX200 implies further downside.

The Chartist notes Commonwealth Bank has been pulling back from its highs but downside is epxetced to be limited.