The local market looks to be moving up after making a low between previous support levels.
The US S@P 500 index has formed a small negative divergence pattern on the daily chart which could point to a period of lower prices. Analysts are also tipping lower earnings. Still, July is a seasonally strong month, time will tell which way it moves.
After a surprise downgrade in future earnings the CSL share price has dropped below two lines of support. Next major support is around $245.
Bellevue Gold has made a few higher lows and a fresh high.
Austal looks set to make a fresh move higher.
4D Medical looks to be forming a nice ABC pattern.
Life360 looks to have consolidated the recent break up and could be set for another move higher.
Some of the top performing Australian equity funds over the past financial year.
Some top performing global equity funds over the past year.
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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