Charlie's Charts 23rd August 2017

The shares of Bluescope Steel took a hit after the latest results were released which showed profit up 102 per cent and news chief Paul O’Malley will step down at the end of the year.

The local market continues the sideways shuffle.

Gold is having trouble getting above the $1,300 level.

Cash Converters has been creeping up.

Rare Earths miner Lynas looks to be consolidating the recent move up.

Kogan the online retailer has seen a big run up.

BWX looks to be moving up again after finding support.

NextDC has moved up above the short term trend line.

CSL had a brief dip lower after the latest results.

Qantas is finding it hard to move above recent highs.

Fastbrick Robotics shares soared on the potential deal with Saudi Arabia.

Table

Disclaimer: The commentary and trading positions taken are for educational purposes only and are not an invitation to trade. Trading is risky and individuals should seek Professional counsel before making any financial decisions. Many thanks to Incredible Charts.com software for most of the charts used in the column. Monitor, measure, manage and maximise…Cheers Charlie.