The local market hit a new low for 2023 today and has moved below the mid-line of the trend channel. Will the next target be around 6,400?
As US interest rates rise the price of gold has been declining.
Technology One looks to be holding up reasonably well.
Clinuvel is testing previous lows.
Insurance Australia is holding at a support level for now.
The junior lithium sector is still bubbling with speculation.
Can Seven Group Holdings maintain recent highs?
Resmed could be forming a nice ABC pattern off the recent low.
Dicker Data looks to be forming a bullish flag pattern.
This graph shows how long it has taken in the past since US rates stopped rising and a recession kicking in.
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.
To order photos from this page click here
