A mix of tech and fundamental analysis produces a sell signal
CCI - Drifting from overbought back into the channel indicating reduced upward momentum.
MACD - Look at the MACD crossover from relatively high level. A very powerful signal on a daily chart.
DeMarker - Moving from overbought falling firmly into the channel.
RSI - Bearish divergence.
Linear Regression - Bouncing off the top of the channel. Also powerful signal.
Bollinger Band - Bounce off the upper band to its average price.
The moving averages are indeed trending higher, but I dont this will be maintained for long. Moving averages can't look like this forever.
Fundamental Analysis - The Australian economy is slowing and unemployment is rising. Lowered Chinese growth and lower commodity prices are starting to take it's toll on the economy. Yet the ASX is at an all time high.... I can't see how this can last.
MACD - Look at the MACD crossover from relatively high level. A very powerful signal on a daily chart.
DeMarker - Moving from overbought falling firmly into the channel.
RSI - Bearish divergence.
Linear Regression - Bouncing off the top of the channel. Also powerful signal.
Bollinger Band - Bounce off the upper band to its average price.
The moving averages are indeed trending higher, but I dont this will be maintained for long. Moving averages can't look like this forever.
Fundamental Analysis - The Australian economy is slowing and unemployment is rising. Lowered Chinese growth and lower commodity prices are starting to take it's toll on the economy. Yet the ASX is at an all time high.... I can't see how this can last.