The local market made a slightly higher new high today. Can it continue to rise is the big question? With some resources stocks under pressure the big banks have been leading the way.
Nick Scali is just sitting above the last two recent highs.
Pinnacle looks to be temporarily stuck at current levels just above the down trend line.
Avita Medical looks to be making progress.
ANZ Bank has just moved above a resistance zone.
Aristocrat Leisure looks to be making a nice break out of consolidation.
Fortescue made a nice retracement and bounce off the new support zone.
Ventia Services looks to be consolidating the move above the resistance zone.
Nickel Industries had a surprise dividend and buyback announcement.
This is what happens when a company announcement does not meet the markets expectations.
A look at different asset class performance over the past eight years.
One analyst’s look at two eras of inflation overlaid for comparison. Let’s hope we do not get a similar lot of inflation and rate rises a second time.
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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