The local market is making a series of lower highs. Will the index retrace to previous lows?
The FANG+ ETF has had a strong run up and is now close to a major resistance zone.
Whitehaven Coal looks to have found some initial support at these levels. The price of coal is now around July 2021 levels yet Whitehaven’s share price remains higher. Perhaps all those share buybacks are having some of their desired impact.
This is how the price of coal has fared since July 2020.
Integral Diagnostics looks to be building for a move higher.
Aurelia could be forming a base here.
This graph shows the declining earnings of the big tech stocks in the US.
An interesting chart showing the ups and downs of the Dow Jones Index during the 1970’s with inflation running between 2.7 and 11.2 per cent.
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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