ASX200 index downside technical target remains located at 5375
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QMG Pty Ltd
The ASX200 index originally generated a technical sell signal at 5833 on 20/4/15. The downside technical target remains located at 5375. The ratio of stock sell signals versus buy signals being generated remains heavily weighted on the sell side which continues to be a negative market momentum indicator - 70 stock sell signals have been generated since 30/3/15 compared to 26 buy signals during the same period. The major bank stocks generated technical sell signals in mid-late April and despite the heavy subsequent falls, there is no sign of base forming which is the requirement to generate re-entry technical buy signals. The A-REITs, major healthcare stocks and select fund management stocks also remain negative sector themes from a technical perspective.
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![Angela Mangan](https://assets.livewiremarkets.com/rails/active_storage/representations/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBa01GIiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--b8cff610e368e504cce58789aa7ba50503a6cdd5/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBTU0lJYW5CbkJqb0dSVlE2RTNKbGMybDZaVjkwYjE5bWFXeHNXd2RwQWNocEFjZz0iLCJleHAiOm51bGwsInB1ciI6InZhcmlhdGlvbiJ9fQ==--d4026b52d9aa7a676b3d70dbe31c85d930184392/IMG_1074.jpg)
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](https://assets.livewiremarkets.com/rails/active_storage/representations/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBa01GIiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--b8cff610e368e504cce58789aa7ba50503a6cdd5/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBTU0lJYW5CbkJqb0dSVlE2RTNKbGMybDZaVjkwYjE5bWFXeHNXd2RwQWNocEFjZz0iLCJleHAiOm51bGwsInB1ciI6InZhcmlhdGlvbiJ9fQ==--d4026b52d9aa7a676b3d70dbe31c85d930184392/IMG_1074.jpg)
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.