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Further downside expected in the Australian market, as evidenced by the fact that of the ASX top 20 stocks - 12 stocks are now rated as technical sells, 3...

Angela Mangan

QMG Pty Ltd

Further downside expected in the Australian market, as evidenced by the fact that of the ASX top 20 stocks - 12 stocks are now rated as technical sells, 3 further stocks have the potential to generate sell signals, and only one stock is rated as a technical buy, all of which have been progressively detailed in QMG's Technically Speaking morning report. This ongoing heavy weighting towards large cap stock sell signals, fits in with the overall negative technical view of the Australian market, given the ASX200 index generated a sell signal at 5599 on 5/9/14.


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Angela Mangan
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.

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