Daily FNArena News - Technicals

Nick Linton-Ffrost of Fifth Wave suggests the ASX200 is shaping to break down through 5000 but a low will then be established.

The Chartist reports China’s main stock index has posted a key reversal day and may be shaping to form a bottom shortly.

Michael Gable of Fairmont Equities suggests Treasury Wine Estates may be setting for an upside move.

Nick Linton-Ffrost of Fifth Wave suggests the ASX200 is poised to break out of its lastest range, with downside favoured ahead of a rebound.

Michael Gable of Fairmont Equities suggests investors should shortly have an opportunity to pick up on Mantra Group’s uptrend.

Nick Linton-Ffrost of Fifth Wave suggests the levels to watch for the ASX200 this week are 5250 on the upside and 5025 on the downside.

The Chartist suggests another chance to buy CBA may present itself.

Michael Gable of Fairmont Equities suggests M2 Group is one stock set to find support after the market sell-off.

Nick Linton-Ffrost of Fifth Wave suggests what happens in the next week will determine whether the correction for the ASX200 is complete or whether there’s a lot more downside to come.

Michael Gable of Fairmont Equities suggests defensive REIT Goodman Group is set to rally from its trend support line.