Daily FNArena News - Technicals

The Chartist reports that despite a recent rebound for BHP Billiton, the technicals do not suggest upside confidence.

Michael Gable of Fairmont Equities suggests the ASX200’s retest of the low and subsequent rebound suggests upside for the index from here.

Michael Gable of Fairmont Equities talks Veda, M2 Group, ARB Corp and IPH Ltd.

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.