Daily FNArena News - Technicals

The Chartist reports there’s likely more downside for Macquarie Group shares short term, but the share price should be approaching a beneficial entry point for long term investors.

Michael Gable of Fairmont Equities suggests weakness in Village Roadshow shares have opened up an opportunity.

Michael Gable of Fairmont Equities suggest the Wesfarmers chart is starting to look interesting, but not in a good way.

Nick Linton-Ffrost of Fifth Wave suggests the pivot levels for the ASX200 remain at 4900 on the downside and 5150 on the up.

Michael Gable of Fairmont Equities suggests Corporate Travel Management is in an upward trend that is set to resume.

Nick Linton-Ffrost of Fifth Wave suggests support needs to hold at 4925 for the ASX200 to not take another larger step down.

Michael Gable of Fairmont Equities identifies The Star Entertainment Group as a beneficiary of lower oil prices.

Nick Linton-Ffrost of Fifth Wave suggests Friday’s higher low should provide for higher highs ahead for the ASX200.

The Chartist reports the Aussie is poised for further upside in the near term.

Michael Gable of Fairmont Equities suggests Qantas’ technicals are portending a break down.