Angela Mangan

Angela
Mangan

Technical Analyst
QMG Pty Ltd

Angela has 30 years experience in the technical analysis field. Angela joined QMG as a technical analyst in May 2014. Angela was the technical analyst at Bell Potter for 16 years, providing technical analysis coverage to the retail and wholesale client base, and input into the company’s research strategy, and later provided a similar technical analysis service to Canaccord Genuity Australia prior to joining QMG. QMG is an independent research provider offering a unique and differentiated approach to equity research. Two products are available - a technical analysis service, covering ASX200 stocks, global stocks, indices, commodities, currencies, with early identification of trend changes generating technical buy/sell signals. The technicals also have a strategic application via identification of sector themes. A bespoke technical analysis service is available to clients. The global QMG product tracks sector data on over 500 sectors across 10 major economies, giving insights into changes in sector conditions that will influence company performance. This allows investors to challenge or confirm consensus assumptions.

Expertise

No areas of expertise

Technicals - Eurostoxx50 index sell signal generated

Angela Mangan

The Eurostoxx50 index originally generated a technical buy signal at 2885 on 11/7/16 which was identified as the technical turning point. This was followed by a secondary technical buy signal generated at 3029 on 9/8/16. The index has now completed a technical top formation / closed below key support which... Show More

European equities

Technicals - Nasdaq sell signal generated

Angela Mangan

The Nasdaq Composite index has completed a technical top formation / closed below key support which has generated a technical sell signal. The index technical outlook has turned negative. The minimum downside target is located at 5810. Show More

nasdaq us equities

Technicals - oil price - further downside potential

Angela Mangan

The Brent price originally generated a technical sell signal at US$53.06 on 8/3/17. This was identified as the (negative) technical turning point. The decline last night has resulted in further major support being broken which has generated a new technical sell signal. The downside technical price target is located at... Show More

crude oil ASX:BHP ASX:ORG ASX:STO ASX:WPL brent oil

Technicals – cracks emerge in Europe - CAC40 index sell signal generated

Angela Mangan

The key European indices previously generated technical buy signals in a cluster in mid-July 2016, which identified the technical turning point in the region, and flagged Europe as a positive theme as detailed in a Wire at the time https://www.livewiremarkets.com/wires/technicals-key-european-index-buy-signals-generated. Show More

europe CAC

Technicals - Gold - US$1290 is the key level to watch

Angela Mangan

SPOT GOLD PRICE (US$1278) - a New York close above US$1290 if it occurs would target a rally to US$1340. The spot gold price originally generated a technical sell signal at US$1321 on 25/8/16. The gold price subsequently generated a re-entry technical buy signal at US$1216 on 2/2/17. The minimum... Show More

spot gold ASX:NCM australian equity market

Technicals - iron ore - downside target located at 400

Angela Mangan

The Dalian iron ore futures originally completed a technical top formation / closed below key support on 27/3/17 at 566 thereby generating a technical sell signal and resulting in the technicals turning negative. The subsequent sell off resulted in the initial downside target @ 516 and secondary sell signal target... Show More

iron ore ASX:FMG ASX:RIO

Technicals - Dalian iron ore - key support located at 442

Angela Mangan

The Dalian iron ore futures completed a technical top formation / closed below key support on 27/3/17 at 566 thereby generating a technical sell signal and resulting in the technicals turning negative. The subsequent sell off resulted in the initial downside target @ 516 and secondary sell signal target @... Show More

ASX:FMG ASX:RIO irone ore

Technicals - Dow Jones - potential for a new sell signal to be generated

Angela Mangan

The Dow Jones originally generated a technical sell signal at 20,668 on 21/3/17. Show More

dow jones australian equity market

Technicals - Shanghai Composite index - sell signal generated

Angela Mangan

The Shanghai Composite Index originally generated a technical buy signal at 2955 on 18/3/16. At that point the index technical outlook turned positive. Show More

China shanghai composite Asian Equities

Technicals - Nasdaq - reason for caution

Angela Mangan

The Nasdaq Composite index is overbought and is located near key resistance of the long-term upward trend channel that originated in 2008. It is now also located at overbought levels on a momentum / RSI basis which is reason for caution relating to the sustainability of the current rally. Show More

nasdaq dow jones s&p500 us equities australian equity market

Technicals - ASX200 index - major resistance barrier located at 5996

Angela Mangan

The ASX200 index is rated as a technical hold. Currently there is no sign of a (new) technical top formation emerging. Major resistance is located at 5996, which was the April 2015 peak, and as highlighted on chart below, looms as a major technical barrier (within the broad long-term trend... Show More

Technicals - iron ore - next major downward phase underway

Angela Mangan

DALIAN IRON ORE FUTURES (470) - downside target located at 450 Show More

iron ore ASX:FMG ASX:RIO

Technicals - iron ore - potential for next major downward move

Angela Mangan

Dalian iron ore futures - a close below 485 if it occurs would signal next major downward move. Iron ore recently completed a technical top formation / closed below key support on 27/3/17 at 566 thereby generating a technical sell signal. This was the first technical trend change in the... Show More

iron ore ASX:FMG ASX:RIO

Technicals - gold price technical buy signal target @ US$1288 reached

Angela Mangan

The spot gold price originally generated a technical sell signal at US$1321 on 25/8/16. It subsequently generated a re-entry technical buy signal at US$1216 on 2/2/17. The nominated upside technical price target located at US$1262 was reached on 27/2/17. Show More

gold equities ASX:NCM ASX:NST ASX:EVN

Technicals - Iron ore - sell signal target @ 516 reached, but no sign of a turnaround

Angela Mangan

The Dalian iron ore futures recently completed a technical top formation / closed below key support on 27/3/17 at 566 thereby generating a technical sell signal as detailed in this recent Wire. This was the first technical trend change in the iron ore price since the buy signal was originally... Show More

iron ore ASX:FMG ASX:RIO australian equity market

Technicals - spot gold price - technical BUY signal target located at US$1288

Angela Mangan

The spot gold price originally generated a technical sell signal at US$1321 on 25/8/16. The gold price subsequently generated a re-entry technical buy signal at US$1216 on 2/2/17. The nominated upside technical price target located at US$1262 was reached on 27/2/17 as detailed in my previous Wire. The more recent... Show More

spot gold ASX:NCM

Iron ore: Technical sell signal generated

Angela Mangan

The Dalian iron ore futures contract originally generated a technical buy signal on 28/01/2016 as detailed in a previous Wire (link below). The iron ore price technical outlook turned positive at that point. The Dalian iron ore futures has now completed a technical top formation / closed below key support... Show More

iron ore ASX:FMG ASX:RIO

Technicals - a cluster of global indices have generated sell signals

Angela Mangan

It is a significant negative momentum indicator that over the last two days a number of key global indices have generated technical sell signals in a cluster - Dow Jones, S and P 500, Nikkei, ASX200 index and Toronto TSX60. (There is no potential in the near-term for technical sell... Show More

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Technicals - Dow Jones - at same overbought levels as in 2007 and 1999

Angela Mangan

Although no two market cycles are the same, there are clear parallels from a technical perspective between where the Dow Jones is currently located compared to the situation in 2007 (and 1999) - i.e at the same overbought levels on a RSI basis, and at the upper end of trend... Show More

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Technicals - ASX200 INDEX - the potential exists for a technical sell signal to be generated

Angela Mangan

The ASX200 index previously generated a technical buy signal at 5543 on 8/12/16 and subsequently reached the nominated upside technical target at 5725 on 3/1/17. Recent QMG wires higlighted that the index had moved into overbought territory on a momentum basis which was flagged as reason for caution relating to... Show More

asx200index australian equity market

I agree with you Mathan. By far the most common way my technical analysis model is used is in combination with fundamental analysis, rather than in isolation. The technicals are a "timing tool" and useful in identifying turning points in momentum / sentiment (which is really what technicals are analysing), particularly when it has moved to an extreme. There are times when fundamentals are not the key driver of share price or market performance, and it is in those situations that technicals are particularly useful. By way of illustration of how the technicals have been effective on the "timing"side, during last year major market turning points were identified - the upward reversal point in US bond yields in August 2016 (at a then yield of 1.58%) and the buy signals on the key European stockmarkets in mid-July 2016.

On Technicals - Dow Jones - at same overbought levels as in 2007 and 1999 -

Day to day movements won’t alter the trend after a signal is generated i.e Just as there is very specific criteria that needs to met to generate a technical signal, very specific criteria needs to be me to invalidate a signal. In the case of brent, a downside break of a key support level would be required to negate the current buy signal.

On Technicals - Brent Crude buy signal generated -

QMG clients were provided with an early technical alert on 27/4/15, when the AUD was trading at 0.7820, that the potential had emerged for a trend change in the AUD/USD. The break above the 0.7843 resistance barrier during the next trading session satisfied the criteria and activated a technical buy, and it was at that point the AUD technical trend turned positive.

On AUD/USD – technical buy signal generated -

As detailed on 9/12/14,WTI oil originally generated a technical sell signal at US$90.69 on 23/9/14. Most recently nominated downside target located at US$60 (detailed in 9/12/14 Wire). If a close below this level occurs, major subsequent support would then be located in the US$56 - 58 band.

On Crude oil testing support of its 17-year trend channel -

As detailed on 9/12/13, WTI oil originally generated technical sell signal @US$90.69 on 23/9/14. Most recently nominated downside target located at US$60.00. Next support band under US$60, if that level is broken on closing basis, is located in US$56 - 58 range.

On Crude oil testing support of its 17-year trend channel -