Daily FNArena News - Technicals

Nick Linton-Ffrost of Fifth Wave suggests the ASX200 can rally towards 6000 and above before pulling back.

Michael Gable of Fairmont Equities suggests a resumption of the uptrend may be ahead for REA Group.

Nick Linton-Ffrost of Fifth Wave discusses the technical picture for the ASX200 from here.

Michael Gable of Fairmont Equities suggests Echo Entertainment is in an uptrend and is worth buying on dips.

Nick Linton-Ffrost of Fifth Wave suggests the ASX200 will trade higher before resistance triggers a pullback.

The Chartist suggests BHP Billiton’s “parabolic” rally may present a pullback and buying opportunity.

Michael Gable of Fairmont Equities sees a pullback in JB Hi-Fi’s share price as a buying opportunity.

Nick Linton-Ffrost of Fifth Wave notes the charts suggest the ASX200 could fall to 5100 or rally to 5900, depending on near term movement.

The Chartist reports the Aussie has traded a critical level below 79, suggesting longer term weakness but possibly a brief bounce beforehand.

Michael Gable of Fairmont Equities notes the ASX200 has broken up through its downtrend line.