Daily FNArena News - Technicals

The Chartist suggests Fortescue’s trajectory remain to the downside ahead of a buying opportunity at lower levels.

Michael Gable of Fairmont Equities suggests a lack of downside move for McMillan Shakespeare should imply upside ahead.

Nick Linton-Ffrost of Fifth Wave suggests the ASX200 will likely now move sideways before another leg lower.

The Chartist suggests the Aussie dollar has fallen into a critical range that may imply upside from here.

Michael Gable of Fairmont Equities suggests a post-results plunge for Pact Group has likely not affected the stock’s up-trend.

Nick Linton-Ffrost of Fifth Wave suggests the ASX200 will pull back to 5700 initially and then move down to 5500.

Michael Gable of Fairmont Equities suggests Woolworths’ share price rout represents the last leg in a downside move.

Nick Linton-Ffrost of Fifth Wave suggests the ASX200 remains on track to complete a fifth wave rally before pulling back to 5700 or lower.

The Chartist reports the lacklustre trading range for Automotive Holdings might be coming to an end.

Michael Gable of Fairmont Equities suggests Seek’s share price fall back into its longer range channel means more weakness is likely.