The local market looks set to break the short-term trend line.
The US S@P 500 index had a nice little bounce off the lows overnight.
The price of gold is still holding above the support zone for now with the range narrowing.
Karoon just ticked up above some long term resistance.
Resmed has been falling just as weight loss drug makers have been rising.
The Lottery Corporation has moved down and out of the sideways pattern.
Xero’s price rise has stalled for now.
Wagners has formed an interesting pattern retracing close to the support area.
CSL looks to be forming a bearish flag pattern. One potential target would be the previous lows of this large range.
One look at the wages versus profits figures. The profits here include those from the mining industry which can be quite cyclical at times.
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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