Business

After putting in a few strong days last week the market has continued to oscillate from day to day as it grinds higher and heads towards the first line of resistance. A longer-term weekly chart shows the brief spike lower below the February 2016 low. Can the index move up to the previous trend line before another move down? The GEAR ETF has been moving by more than the index in percentage terms and has offered some good trading during the past week. After forming an Island type reversal pattern and small ABC pattern price is consolidating. Whitehaven Coal has […]

The uncertainty over how far and what impact the Covid19 virus will take on the health of the community and the side-effects of various travel and social distancing measures is taking a toll on investor confidence and with months of uncertainty over how things will unfold volatility is certain to continue. The local market has shown very few positive days over the past two weeks, the lower orange horizontal line shows where the market is at the time of writing. This twenty-minute chart of the ASX 200 shows how some day traders have been taking advantage of the increase in […]