The local market is down for the second day in a row today forming a possible small flag pattern and is still trading in a wide sideways pattern. Can the higher low hold?
The US S@P 500 index is finding it difficult to move above the 4,200 point resistance level for now.
IPD Group looks to be consolidating the recent break upwards.
AGL could be building a base.
Boss Energy is trading in a wide and volatile sideways pattern.
Integral Diagnostics looks close to moving above the current resistance level.
Life 360 has moved out of a very tight trading range.
Avita Medical looks to be trending well.
Dug Technology is making higher lows.
Worley could be a big beneficiary of the massive renewable energy build.
This comparison shows that the sell in May strategy works better in Europe than the US markets.
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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