Daily Financial News - Technicals

Michael Gable of Fairmont Equities notes REA Group has fallen on strong volume post result, suggesting investors wait for a lower entry point

Michael Gable of Fairmont Equities notes that having suffered a sharp sell-off in July, Cochlear has now broken up through resistance

Michael Gable of Fairmont Equities notes that after a “false break”, Commonwealth Bank is now set for another run

Michael Gable of Fairmont Equities suggests that having bounced off its 50-day moving average, the ASX200 should trend higher from here.

The Chartist retains a longer term bullish view on gold, but warns going long right now is only for the brave

Michael Gable of Fairmont Equities suggests Wesfarmers had been set to push higher, hence a dip would provide a buying opportunity

Michael Gable of Fairmont Equities notes Fortescue Metals is back on the move, breaking out in to what could be another extended rally

Michael Gable of Fairmont Equities suggests a breakout from a consolidation period implies Harvey Norman is heading upward once more

As “covid winners” return to the fore, Michael Gable of Fairmont Equities notes Ansell is technically set up for a rally

The Chartist reports the trend for crude oil remains to the upside longer term