Angela Mangan

QMG Pty Ltd

The rebound that has occurred off the recent lows in the ASX200 index, major global indices, large cap stocks, oil price and base metal prices has not generated upward reversals, which is the requirement for technical buy signals to be generated / the outlook to turn positive. (Key indices recently and progressively reached previous technical sell signal target levels). A consolidation phase above the recent low points will be required if the potential for base forming is to emerge. A key part of this base forming process is the requirement for a secondary sell off after the initial rally has occurred. A bounce off a recent low, which occurred late last week, does not indicate that the markets have bottomed. Therefore, although the rebound might continue in the short-term, it is unlikely to be sustained, and the risk and expectation remains for a renewed sell off to occur. This secondary sell off on the ASX200 index has commenced this morning.


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.


I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.