The local market continues to weaken and is down a further one per cent today after moving out of the bearish flag pattern.
The price of gold is close to breaking previous support.
Pilbara Minerals has turned down from an area of resistance.
CSL ticked up after releasing their latest results.
Breville Group just made a fresh yearly high.
Elders could be in the process of making an ABC move off the recent lows.
Environmental technology company Calix better known for their decarbonisation plans for the cement industry has lifted their profile with the announcement of a joint project with Pilbara Minerals for the production of lithium salts from a demonstration plant with Q4 2025 as the target date. The company has broker targets around the $7.30 level.
Stanmore Coal looks to be posturing for a move higher.
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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