The local market received a shot in the arm yesterday rising 1 per cent on the back of lithium miners boosted by a massive takeover offer for Liontown Resources. The market has barely moved today.
The price reaction to a takeover bid pitched at $2.50 per share for Liontown Resources in comparison to the previous highs.
The United Malt board was reportedly looking for a $5 per share offer and this bid is likely to be rejected.
Fischer and Paykel looks stuck in some sideways action for now.
One of the latest additions to the ASX top 100 is Technology One. Since breaking above previous highs the share price has had a stellar run up. NIB Holdings also graduated to the top 100.
The Commonwealth Bank price is stuck in a small sideways range for now.
Karoon Energy looks to be bumping up against a resistance zone.
EBOS Group has made two spikes higher only to close lower. Is this a signal for a pause in prices?
Lynas Rare Earths is sitting at the 50 per cent retracement level of the last run up.
REA Group still in a large sideways pattern for now.
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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