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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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.

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