The local market was down around one per cent in early trade today and it did recover some ground as the day progressed.
The price of gold is looking a bit “toppish” on a monthly chart and so far unable to make a decisive new high.
Goodman Group looks to be consolidating for another move higher.
James Hardie moved up and out of the bottoming type pattern after their latest update.
MAAS Group is on the move.
SRG Global looks to be trending up nicely.
Aristocrat Leisure has moved above a stubborn resistance level for now.
Macquarie Group is forming a large sideways pattern which could result in a decent up or down move from here.
Nanosonics looks to be consolidating above the recent resistance zone.
Kogan could be building up a base at these levels.
Life360 is moving strongly after the initial breakout.
The longer term chart of Worley looks interesting.
This chart shows the difference in performance of the ASX 200 index which is a capitalisation weighted index to that of an equally weighted ASX 200 index where every company has the same value in the portfolio.
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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