The local market is continuing to trend higher making higher lows and higher highs on the daily chart.
MA Financial Group making a nice break upwards.
Australian Ethical has an interesting looking chart.
Ingenia is stuck in consolidation mode for now.
Wisetech Global continues the nice bounce up from the trendline.
Fortescue is pushing through all time highs.
Coles looks to be bouncing up off recent lows.
Karoon Energy looking weaker below the trend line.
Resmed looks to be rising slowly from the bottoming pattern.
In US markets the first interest rate cut generally warns of a deteriorating and lower share market ahead.
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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