Technical Analysis

Read the latest news and updates on Technical analysis

17 October 2023 -

CSL.ASX

20 June 2023 -

NASDAQ – Too Much Froth

13 June 2023 -

EBOS: New Buy Zone

14 April 2023 -

The VIX vs S&P500

31 March 2023 -

NASDAQ Gone too Far?

27 March 2023 -

Macquarie: Seeing Value Again

Technical Analysis: We upgrade Macquarie back to a BUY as a quality diversified banking stock, we see value for medium-term investors, while on a technical chart it appears over sold below$170, where it tends to rebound like it has done so in June 2022, and September 2022 and with key support at $165.

13 December 2022 -

Rio Tinto: Profit Taking Zone

Technical Analysis: Rio Tinto benefitted from strong iron ore boom, and trades in fairly volatile manner. Since the covid sell off its rallied to fresh highs and have been rangebound, being overbought and oversold multiple times, and see current levels (above $155) as an opportune profit taking opportunity and see downside risk from upcoming recession outweigh positivity setting from China reopen currently.

30 November 2022 -

BHP (BHP.ASX)

Technical Analysis: We see BHP shares rise strongly benefiting from multi-year rise in commodity prices, while volatility kicked in post covid as iron ore price surged to above $200/tonne mid last year, to more than halve in a span of 4-months.

23 November 2022 -

Auckland International Airport (AIA.NZX)

Technical Analysis: Auckland International Airport Shares have rebounded strongly on the back of a recovery in international travel. While not quite at pre-covid highs of $9.85, at levels of above $7.80 is still elevated and does not consider the higher interest rate environment meaning it will be harder to justify pre-covid valuations even if Interntional travel had recovered fully (which is still some time away)