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Chart Analysis - Week Ahead

technical analysis

Check out the trading idea of the week below!

Trading Idea of the Week

(SEK - Seek Ltd)

  • Key levels on the chart - consider taking trades from key support/resistance levels
  • Delivered better than expected revenue and earnings growth in FY 22, despite its retreat in share price
  • Expecting to see a benefit in an exceptionally tight employment market.
  • As flow-on effects from rate rises start to kick in (3-month delay usually), we will see the unemployment rate start to uptick, loosening the labour market.
  • If and when the unemployment rate reaches 4%, we can expect job ads and Seek to perform strongly as Aussies seek to fill that employment gap

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