ASX200 index technical sell signal generated
Angela Mangan
QMG Pty Ltd
The ASX200 index generated a technical sell signal at 5833 on 20/4/15. The expectation is for further significant downside to occur. (The rebound yesterday did not alter the negative technical view on the index). The ASX200 index sell signal has coincided with a notable increase in the number of large cap stocks that have generated technical sell signals over the last week - 18 stock sell signals have been generated. When the ratio of stock sell signals versus buy signals generated becomes heavily weighted on the sell side, it is a negative market momentum indicator.
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Angela has over 30 years experience in the technical analysis field. She provides technical analysis coverage of major Australian and global stocks / key markets, including provision of a bespoke technical service to wholesale clients.
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Angela Mangan
Technical Analyst
QMG Pty Ltd
Angela has over 30 years experience in the technical analysis field. She provides technical analysis coverage of major Australian and global stocks / key markets, including provision of a bespoke technical service to wholesale clients.
Expertise
Angela Mangan
Technical Analyst
QMG Pty Ltd
Angela has over 30 years experience in the technical analysis field. She provides technical analysis coverage of major Australian and global stocks / key markets, including provision of a bespoke technical service to wholesale clients.
Expertise
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