The local market is trading sideways at a potential support area after a near 5 per cent decline from the recent high.
The S@P 500 index has made some higher lows and is now testing the short-term uptrend line.
Auckland Airport looks to be edging higher.
Brambles looks to be running into a resistance area where prices have stalled before.
Kelsian Group has moved out of the consolidation pattern for now.
The Lottery Corporation is making fresh highs.
QBE Insurance looks set to finally move out of a long period of sideways movement.
Steadfast is making new highs.
Avita Medical is on the move.
These charts of two different sectors in the US market shows recent strength and a bounce off support zones.
Disclaimer: The commentary on different charts is for general information purposes only and is not an invitation to trade. Trading is risky and individuals should seek Professional counsel before making any financial decisions. Many thanks to Incredible Charts.com software for most of the charts used in the column.
Monitor, measure, manage and maximise… Cheers Charlie.
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