Charlie’s Charts 22nd May 2025
The local market looks to be stalling at these levels. The SPY ETF of US stocks has moved below the up-trend line and out of a bearish rising wedge pattern last night after a poor US T bond auction result say analysts. Qantas is close to all-time highs. The Commonwealth Bank is still rising, how far go it go before gravity takes hold? Temple and Webster had a nice bounce off the support and resistance zone. Electro Optic Systems has moved above the down trend line. With the lithium price near four-year lows Pilbara Minerals looks vulnerable if the bearish […]