GLOBAL EQUITY MARKETS – August 30, 2025
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) did a round trip after the sharp sell-off and reached its all-time highs around 123.5 levels. Following the breakout above the horizontal resistance at 123.5 levels the ETF has been trending higher in a channel. Price is respecting both boundaries. Support area is between 123.5 and 127.7 levels. Uptrend is intact. The upper boundary of the trend channel can act as resistance around 136 levels. The lower boundary of the trend channel can form short-term support at 131.5 levels.

GLOBAL EQUITY MARKETS – AUGUST 30, 2025 – PART I
GLOBAL EQUITY MARKETS – AUGUST 30, 2025 – PART II

TECH CHARTS WATCHLIST – SUMMARY OF RICS & PATTERNS IN FOCUS (ACCESS EXCEL REPORT)
STOCKS REMOVED FROM THE WATCHLIST
- KEIKYU CORP (Chart Pattern morphing)
The iShares MSCI Emerging Markets Index ETF (EEM) rallied from the lower boundary of its trend channel. Price is above its year-long average. Strong short-term resistance was cleared at 47.4 levels. Previous resistance at 47.4 becomes the new short-term support. The upper boundary of the trend channel at 50 levels was tested after the breakout above 47.4 levels. Last week’s strength cleared the upper boundary at 50 levels thanks to the strong performance from China equities. Breakout above 50 levels can accelerate the uptrend in Emerging Markets. 47.4 levels will continue to act as support.
Sharp recovery above the long-term average pushed the index to its all-time highs at 22,120. With price being well above the year-long average, the outlook is positive for Nasdaq. Index cleared the horizontal resistance at 22,120 which now turns into support. The index is resuming higher in a well-defined uptrend channel. The lower boundary of the upward trend channel acted as support first at 22,600 levels and then recently at 23,000 levels. Support area is between 22,120 and 23,000. Breakdown of the uptrend channel can result in short-term weakness.
S&P 500 Index is trending above the 200-day average. The index cleared the horizontal resistance at 6,157 levels which now turns into support. A possible short-term uptrend channel might be developing. Both the lower boundary of the channel and the horizontal boundary is forming support area between 6,157-6,360 levels. Breakdown below the lower boundary of the channel can result in a re-test of the horizontal support at 6,157 levels. Upper boundary of the channel at 6,740 can be the target as the trend resumes higher.
Russell 2000 Index has been a laggard when compared with Tech stocks and Blue chips. After a sharp sell-off and a similar sharp rebound price tested the 200-day average as resistance at 2,127 levels. The minor high was also overlapping as resistance with the long-term average. Breakout above the possible neckline cleared the 200-day average. It was important for the index to stabilize above the 200-day average. H&S bottom negation level is at 1,985 levels (low of the right shoulder). Neckline and the 200-day average becomes the support at 2,127 levels. The index might be forming a possible upward trend channel with the lower boundary acting as support at 2,220 levels. Price target for the H&S bottom reversal stands at 2,450 levels.
EuroStoxx 50 index recovery above 5,000-5,100 resistance area changed the outlook to positive once again. Rebound from 5,173 levels kept the consolidation intact and above the year-long average. Strong resistance area for the index is between 5,470 and 5,550 levels. For now the range-bound price action is intact between well-defined horizontal support and resistance. Breakout above 5,470 levels can confirm the rectangle as a bullish continuation with the price target of 5,760 levels. I am monitoring the chart for a strong weekly candle that confirms the breakout from the multi-month long consolidation.
Euro Stoxx Banking Index had a strong rebound from its long-term average. The index broke out of its short-term consolidation around the March high at 198 with a breach above the horizontal resistance at 206. Note that price is becoming parabolic. Parabolic price actions are not sustainable and can be followed by sharp corrections. It is also very difficult to time the top of a parabolic advance. The best option in these type of situations is to trail price action with volatility based stop-loss or a short-term trend following indicators such as moving averages. Last one week’s correction can be a correction in the existing uptrend after price became parabolic.

Germany’s XETRA Dax Index completed a 2 year-long cup & handle continuation that broke out to new all-time highs. Long-term cup & handle continuation price target was met at 20,800 levels. Strong support is between 21K and 22,534 levels. The index remains in an uptrend above its long-term average and inside the trend channel. The upper boundary of the channel and the previous high is acting as resistance and resulting in a pause in the steady uptrend. Sideways consolidation is taking place between 23,600 and 24,600 levels. The consolidation can complete as an ascending triangle with a breakout above 24,600 levels.
France CAC 40 Index recovered above 7,020 levels. Price action can be analyzed as a trading range between 7,020 and 8,270 levels for the time being. It will be important for the index to stabilize above its year-long average for the bullish outlook to remain intact. Failure to hold above the year-long average can result in continued, wide consolidation between the well-defined boundaries of 7,020 and 8,270. Short-term consolidation is possibly taking place between 7,500 and 7,940 levels. Breakout/breakdown from the short-term consolidation can offer a directional move. I am monitoring the chart for a strong weekly candle that can confirm the breakout.
One of the better looking European equity benchmark after Germany’s DAX index is Italy’s FTSE MIBTEL. The benchmark completed an 8 month-long H&S continuation chart pattern with the neckline at 35,150 levels. The 200-day (40 week) average has been an important support since the beginning of 2023. Breakout above 35,150 levels pushed the index towards the target at 39,700 levels. Uptrend is intact. The boundaries of the short-term consolidation were 40,800 and 38,800. Last few week’s breakout above 40,800 confirmed the sideways consolidation as a bullish continuation chart pattern. 40,800 turns into support.
Japan’s NIKKEI 225 index breached the 200-day average and resulted in a sell-off towards support around 30.5K. Sharp rebound cleared the March low at 36K and reached 37.7K, the 200-day average resistance. The 200-day average at 37.7K acted as support and resulted in a short pause (ascending triangle) after the strong rebound. The pattern completed as an ascending triangle. Breakout from the tight consolidation is now resuming the uptrend in a well-defined trend channel. Latest strength also cleared the horizontal resistance at 40,500 levels. Strong support is at 40,500 levels. Latest weakness started from the upper boundary of the channel which shows that both boundaries are recognized by market participants. The lower boundary of the uptrend channel can form support at 41,000 levels.
Australia S&P ASX 200 Index breached the strong horizontal resistance at 8,580 levels. Tight consolidation below the strong resistance acted as a bullish continuation and now pushing the index higher. The index completed another short-term consolidation that resulted in continuation of the uptrend. 8,580 level turns into support.
China SSE 50 Index has been in a steady downtrend over the past several years. The index completed a double bottom with the neckline at 2,550 levels. Double bottom price target was met at 2,900 levels. Previous resistance at 2,550 acted as the new support. Breakout above the horizontal resistance at 2,760 levels is accelerating the upward price action. A strong decisive white candle formed last week. The long white weekly candle can shift the sentiment towards positive and push the index away from the boundary at 2,760 levels. Next short-term resistance is at 3,000 levels.
BIST 100 is possibly completing a long-term symmetrical triangle with the upper boundary at 10,800 and the lower boundary at 9,050 levels. A long-term bullish signal took place with last week’s candle and the strong close as the index cleared the resistance at 10,800 levels. Possible symmetrical triangle price target stands at 13,400 levels. 10,800 levels turns into support.
One of the better looking setups and an important chart pattern development is taking place on Turkiye BIST Bank Index. The year-long rectangle has a horizontal upper boundary at 16,900 levels. Breakout can complete the rectangle as a bullish continuation with the price target of 22,500 levels. Breakout on the Banking index can add momentum to the overall market and result in upward acceleration in both benchmarks.
The Ishares MSCI Turkey ETF is trying to recover back inside the green trend channel to change the outlook to positive. A sharp recovery above 35 levels (back inside the green channel) can result in a rally towards 44 levels and better define the right shoulder of a H&S bottom reversal. Below chart labels the long-term bullish possibility for TUR ETF with a massive H&S bottom reversal that can suggest a major change in trend. A downward sloping neckline forms resistance at 44 levels. A breakout above 44 levels will have pattern objective at 70 levels.
The correction towards 34.5 levels in the beginning of the year was a hard re-test for the 3 year-long H&S continuation. With April’s sharp correction price once again tested and rebounded from the strong horizontal support. The ETF completed a sideways consolidation between 33 and 38 levels. Price target for the rectangle stands at 43 levels. Previous resistance at 38 becomes the new support. The 200-day average is rising and caught up with the level for the horizontal support, setting up an inflection point.
DIA rebounded from the strong support at 370 levels. Recovery above the year-long average and continued strength targeted the next resistance at 451.5 levels. The ETF is possibly completing a H&S continuation with the breach of the neckline at 451.5 levels. Given the length of the pattern another strong weekly close above the neckline can offer a higher probability confirmation with the chart pattern price target of 530 levels. Outlook is improving.
The long-term price chart of UK FTSE 100 Index completed a multi-month long H&S continuation chart pattern. The horizontal resistance was the neckline at 7,750 levels. This is a monthly scale price chart. Outlook is still positive for UK equities. 7,750 levels continue to be an important support. Uptrend is accelerating towards price objective at 9,950 levels.
Breakdown of the neckline at 78K for SENSEX resulted in a downtrend towards 71.3K. For Nifty 50 the H&S top price target stood at 21.7K. Both benchmarks came very close to their pattern objectives. The strong weekly close above 23.8K for Nifty 50 was bullish for the index as it recovered above the neckline and the year-long average. Likewise the weekly close above 78K is considered positive price action for Sensex. Short-term sideways consolidations failed to resume uptrends towards 2024 highs. Sensex and Nifty continues to consolidate above the year-long averages in search for a continuation chart pattern. So far price action for both benchmarks can be analyzed as a reversion to the mean. I will monitor possible buyer strength around the 200-day averages after back to back weekly negative closes. Benchmarks might be due for a rebound. Failure to remain above the year-long averages can result in a test of 78K on Sensex and 23.8K on Nifty. There has been debates on the possibility of H&S tops developing on both benchmarks with a downward sloping neckline. Given that the possible neckline and the 200-day averages are overlapping around the same level, I will take a weekly close below the long-term averages as negative.
BCI is a commodity ETF tracking a broad-based index, providing exposure to various commodities like energy, metals, and agriculture, without issuing a K-1 tax form, which simplifies tax reporting. Its performance is tied to commodity market trends, which can be influenced by global economic conditions, inflation, and supply-demand dynamics. The chart is possibly forming a 2 year-long bottom reversal that can be identified as a complex H&S bottom. The neckline is at 21.7 levels. A daily close above 22.3 levels can confirm the bottom reversal with the price target of 24.7 levels. It is important to note that completion of the multi-year long bottom can be the beginning of a longer-term uptrend in commodities. For that reason I would like to see a decisive weekly close above the several times tested upper boundary.
Breakout above 2,070 levels completed a multi-year long rectangle with the price target of 2,460 levels. Given that we are analyzing a monthly scale chart, March 2024 breakout was confirmed with a strong monthly close above the resistance. It is important to note that due to the length of the recent consolidation (multi-year long), breakout possibly started a multi-month long trend. Previous resistance at 2,070 levels becomes the new support. This is considered to be a Type 1 breakout on monthly scale. Type 1 breakouts rally to price objective without any pullback. They usually extend beyond price objective. Price action has become parabolic (steep advance) and the recent weakness/pause comes after the strong advance. 3 month’s sideways consolidation and pause might be coming to an end. September monthly candle can experience a breakout and resume the uptrend.

Since the beginning of 2023 Gold has been in a steady uptrend above its 200-day average. Long-term trading range between 1,680 and 2,070 completed with the strong breakout. Rectangle price target was met at 2,460 levels. The 200-day moving average is acting as support at 3,085 levels. Breakout above the upper boundary of a rising channel (3,060 levels) accelerated the uptrend. Price action became parabolic with longer weekly candles. The Doji candlestick signaled a balance between buyers and sellers. Possible “pause in uptrend”. The pullback found support above the upper boundary of the rising trend channel. Uptrend is intact. A possible symmetrical triangle (or an ascending triangle) can complete with a breakout above 3,440 levels and can resume the existing uptrend. I will monitor the chart for another strong weekly close to confirm the breakout from the past 3 month’s consolidation. The best way to stay in the existing trend and still protect profits in case of a reversal is to utilize trend following tools such as moving averages or trailing ATR. Failure to hold above the upper boundary of the rising trend channel can result in a correction towards the 200-day average. (Here you can find discussion on ATR trailing stops)

Silver has been the most volatile and with the most frequent false signals between the metals that were discussed in the report. A 10 month-long rectangle completed in June with the close above 34.6 levels. Breakout above 34.6 levels can target 40.3. Price is trending higher in a possible uptrend channel after last week’s rebound. Please note that price targets should be used as guidelines only. Price can extend beyond chart pattern objective in strong trends. Best way to ride these price action beyond pattern objective is to utilize an ATR based trailing stop or a trend following indicator such as moving averages.
The chart below shows the historical SILVER/GOLD ratio. The ratio after reaching its historical resistance in 2011, is now rebounding from the long-term support. If any outperformance for Silver is going to take place, it is from current levels…

Due to exposure to frequent news flow, Copper is experiencing increased volatility around the pattern boundary at 5.05 levels. A possible long-term H&S continuation might be completing with the breakout above the neckline at 5.05 levels. The weekly close above 5.20-5.37 resistance area confirmed the long-term H&S continuation breakout. Price target for the multi year-long H&S continuation stands at 6.82 levels. The weekly close was very weak and well below the pattern boundary, though still above the pattern negation level, the low of the right shoulder at 4.0 levels. Since July 2022, Copper price is forming higher lows that can be seen from the green upward sloping trend line.
Aluminum futures are forming a possible multi-year long ascending triangle. The upper boundary was tested several times around 2,670 levels. Only after a breakout above 2,670 levels we will discuss the completion of the multi-year long ascending triangle as a bottom reversal. In that long-term ascending triangle, the symmetrical triangle can act as a launching pattern.
SPDR Materials Select Sector ETF (XLB) recovered above the long-term average and tested the 92.3 levels. This week’s price action found resistance at the horizontal boundary at 92.3. 92.3-97.9 area will act as resistance. It will be important for the price to settle above the year-long average in the following weeks for the uptrend to resume. A possible H&S bottom reversal with an upward sloping neckline can complete with a breakout above 92.3 levels.

Crude Oil’s long-term pattern confirmed as a descending triangle (bearish chart pattern) with a breakdown below the horizontal support at 65 levels. However after 2 months of consolidation price formed a short-term double bottom. Breakout above 65.2 levels confirmed the double bottom reversal. The recovery above 65 was an anticipation for the recent Geopolitical tension. Double bottom price target was met. Failure to hold above 65 levels can result in a re-test of April-May lows around 55 levels. 65 levels turns into resistance. A sharp recovery above 65 levels can quickly test the year-long average at 67.38 levels.
Global X Uranium ETF (URA) is possibly completing a larger scale ascending triangle or a channel. The price is breaking out of its wide trading range between 19.5 and 34.9 levels. Breakout above 34-34.9 area completed a multi-year long ascending triangle (or channel) with the price target of 48.4 levels. 34-34.9 area turns into support. This week’s long lower shadow shows buyers stepping around support. Polarity principle of previous resistance turning into support can be seen from the current price action.
Bund is possibly forming a long-term descending triangle with the horizontal boundary acting as support at 126 levels. Consolidation below the long-term average might be completing a rectangle with a breakdown below 129 levels. BUND can test the lower boundary of its long-term sideways range. 129-130.73 area turns into resistance.
The I-SHARE 0-5 YR TIPS BOND ETF seeks to track the investment results of an index composed of inflation-protected U.S. Treasury bonds with remaining maturities of less than five years. It seeks to protect against near-term inflation. Price chart completed a 20 month-long rectangle with the upper boundary acting as resistance at 99.6 levels. Q2 2024 consolidation right below the resistance was a preparation for a breakout higher. Breakout in August 2024 confirmed the rectangle as bottom reversal with the price target of 102.9 levels. Price target was met. Uptrend is intact, though, price reversed from the upper boundary of its trend channel. The lower boundary of the trend channel acted as support at 102.5 levels. Inflationary pressures remain intact. Developing chart pattern completed as a symmetrical triangle that is now resuming the uptrend inside the channel. Continued strength can target the upper boundary of the channel at 104.6 levels.
The U.S. 10 Year T-Note might be forming a long-term symmetrical triangle with the lower boundary acting as support at 110 and the upper boundary as resistance at 118 levels. Price can remain volatile in this range in the following weeks.
4.8-5.0 area is the strong resistance formed by the horizontal neckline and the high at 5.0 levels. Wide trading range is between 3.5 and 5.0 levels. A possible H&S continuation might be forming with the neckline at 4.8 levels. Breakout above 4.8 can resume the uptrend on 10 year yields. Yields remain elevated and suggest inflation is still a concern. The H&S continuation can fail in the case of a breakdown below the low of the right shoulder at 3.9 levels.
The USD Index better defined range is between 101 and 108.5 levels. The monthly close in May was below 101 levels. This increased the chances of a quick test of the lower boundary of the channel at 97 levels which took place with recent weakness. A sharp recovery above 101 can renew the upward momentum for the U.S. Dollar Index. Long-term trend is upwards and remains inside the blue trend channel. We have seen a rebound from the lower boundary but not strong enough to result in a sharp reversal. It might take longer to form a bottom at the lower boundary of the trend channel. Breakdown of the lower boundary of the trend channel can result in a long-term change of trend and target initially the horizontal support at 87 levels.
USDJPY completed multi-year long bottom reversal with a breakout above 124 levels. Long-term price action can be analyzed as a steady uptrend with higher highs and higher lows. 140 levels continue to act as support. Wide range remains between 140 and 162 levels. Re-test of 140 levels can better define a H&S top with the neckline at 140. Breakdown below 140 levels can complete the H&S top with the price target of 122 levels. Monthly chart shows a rebound from the lows at 140. While the chart pattern is clearly a H&S top, there is still no breakdown confirmation.

There are 3 breakout signals.
TECH CHARTS ALERT
JD SPORTS FASHION PLC (JD)
JD Sports Fashion Plc retails and distributes sports fashion wear and outdoor clothing and equipment. It operates through the Sports Fashion and Outdoor segments. The stock is listed on the London Stock Exchange. Price chart possibly formed a 3 month-long cup with handle continuation with the horizontal boundary acting as resistance at 94.2 levels. The daily close above 97 levels confirmed the breakout with the chart pattern price objective at 116 levels. (Learn more: Video Tutorial)
WACKER NEUSON (WAC)
Wacker Neuson SE, founded in 1848 and headquartered in Munich, Germany, is a global manufacturer of light and compact construction equipment. Listed on the SDAX, the company operates under brands including Wacker Neuson, Kramer, Weidemann, and Enar, offering products such as rammers, vibratory plates, excavators, wheel loaders, and telehandlers. Price chart is possibly forming a 4 month-long rectangle with the upper boundary acting as resistance at 25.1 levels. The daily close above 25.8 levels confirmed the rectangle as a bullish continuation with the price target of 28.2 levels. (Learn more: Video Tutorial)
DNYA CEBUS (DNYA)
DNYA Cebus (TASE: DNYA) is an Israeli real estate and infrastructure company engaged in development, construction, and project management across residential and commercial sectors. The stock has formed an 8 month-long head and shoulder continuation chart pattern, typically considered a bullish continuation formation. The horizontal neckline acts as resistance around the 12,900 levels. The daily close above 13,290 confirmed the breakout, potentially triggering a move toward the price target of 16,200. (Learn more: Video Tutorial)
There are 4 additions to watchlist.
TECH CHARTS WATCHLIST
AMERICAS
COHEN & STEERS QUALITY INCOME REALTY FUND (RQI) – new addition to watchlist
Cohen & Steers Quality Income Realty Fund, Inc. operates as a closed-end investment fund and investment trust. The firm intends to receive current income through investment in real estate securities and also capital appreciation. It also manages investment strategies such as hedged real estate securities portfolios and private real estate multimanager strategies for investors. The fund is listed on the New York Stock Exchange. Price chart formed a 4 month-long rectangle with the upper boundary acting as resistance at 12.65 levels. A daily close above 12.83 levels will confirm the breakout with the possible chart pattern target of 13.3 levels. (Learn more: Video Tutorial)
TEEKAY TANKERS LTD. (TNK)
Teekay Tankers Ltd. engages in the provision of crude oil and refined petroleum products through the operation of its oil and product tankers. It operates through the Tanker, and Marine Services and Other segments. The stock is listed on the New York Stock Exchange. Price chart is possibly forming an 8 month-long H&S bottom reversal with the neckline acting as resistance at 47.9 levels. A daily close above 49.35 levels will confirm the breakout from the bottom reversal and the 4 month-long rectangle chart pattern. Price target for the H&S bottom stands at 61.1 and for the rectangle it is at 54.15 levels. (Learn more: Video Tutorial)
TESLA INC. (TSLA)
Tesla, Inc. engages in the design, development, manufacture, and sale of electric vehicles and energy generation and storage systems. The company operates through Automotive and Energy Generation and Storage. The Automotive segment includes the design, development, manufacture, sale, and lease of electric vehicles as well as sales of automotive regulatory credits. The Energy Generation and Storage segment is involved in the design, manufacture, installation, sale, and lease of stationary energy storage products and solar energy systems, and sale of solar energy systems incentives. The stock is listed on the Nasdaq Stock Exchange. Price chart is possibly forming a 3 month-long symmetrical triangle with the upper boundary acting as resistance at 345.6 levels. A daily close above 356 levels will confirm the breakout from the symmetrical triangle with the price target of 435 levels. (Learn more: Video Tutorial)
NORDSON CORPORATION (NDSN)
Nordson Corporation (NASDAQ: NDSN), founded in 1954 and headquartered in Westlake, Ohio, is a global leader in precision dispensing, fluid management, and related technologies. It operates across three main segments—Advanced Technology Solutions, Medical and Fluid Solutions, and Industrial Precision Solutions—serving industries from electronics and medical devices to packaging and agriculture. The stock is listed on the Nasdaq Stock Exchange. Price chart is possibly forming a 7 month-long H&S bottom reversal with the neckline acting as resistance at 225.4 levels. A daily close above 232 levels will confirm the breakout from the bullish reversal chart pattern with the price target of 266 levels. The right shoulder can act as a launching pattern, a rectangle continuation. (Learn more: Video Tutorial)
OSI SYSTEMS INC. (OSIS)
OSI Systems, Inc. (NASDAQ: OSIS), founded in 1987 and headquartered in Hawthorne, California, is a vertically integrated provider of electronic systems for security screening, healthcare, defense, and aerospace. Through its Security, Healthcare, and Optoelectronics & Manufacturing divisions, the company designs, manufactures, and services technologies ranging from airport scanners and patient monitoring systems to custom sensors, serving customers worldwide. The stock is listed on the Nasdaq Stock Exchange. Price chart is possibly forming a 3 month-long rectangle with the upper boundary acting as resistance at 240.75 levels. A daily close above 248 levels will confirm the breakout from the rectangle with the possible chart pattern price target of 271.8 levels. (Learn more: Video Tutorial)
D-WAVE QUANTUM INC. (QBTS)
D-Wave Quantum Inc. (NYSE: QBTS) is a Palo Alto–based quantum computing company, founded in 1999 and publicly listed via SPAC in 2022. It’s the first commercial supplier of quantum computers, specializing in annealing-based systems like the Advantage and Advantage2, plus cloud services (Leap), open-source software (Ocean), and application onboarding (Launch). D-Wave serves Fortune 2000 clients in optimization, AI, logistics, and materials science, and is the only firm developing both annealing and gate-model systems. The stock is listed on the New York Stock Exchange. Price chart formed a 3 month-long rectangle with the horizontal boundary acting as strong resistance at 19.9 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 20.5 levels will confirm the breakout from the 3 month-long rectangle with the possible chart pattern price target of 26.1 levels. (Learn more: Video Tutorial)
ROVIANT SCIENCES LTD. (ROIV)
Roivant Sciences Ltd. is a pioneering force in biopharma and health technology. Through its innovative “Vant” subsidiary model, it combines decentralized agility with centralized support, bringing both novel therapies and tech-driven solutions to market with speed and efficiency. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 3 month-long ascending triangle with the horizontal boundary acting as strong resistance at 11.75 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 12.1 levels will confirm the breakout from the 3 month-long ascending triangle with the possible chart pattern price target of 12.8 levels. (Learn more: Video Tutorial)
ADT INC. (ADT)
ADT Inc. (NYSE: ADT) is an American provider of residential and small commercial electronic security solutions, offering burglary, fire, carbon monoxide, cybersecurity, video surveillance, access control, and smart‑home services. The stock formed a 3 month-long rectangle with the upper boundary acting as resistance at 8.72 levels. The upper boundary has been tested several times. A daily close above 8.85 levels will confirm the breakout from the rectangle chart pattern with the price target of 9.4 levels. (Learn more: Video Tutorial)
XCEL ENERGY INC. (XEL)
Xcel Energy Inc. (NASDAQ: XEL) is a regulated U.S. utility serving electricity and natural gas customers across eight states in the Midwest and West. Headquartered in Minneapolis, Minnesota, it operates through subsidiaries including Northern States Power (Minnesota & Wisconsin), Public Service Company of Colorado, and Southwestern Public Service in Texas and New Mexico. The stock formed an 8 month-long ascending triangle with the horizontal upper boundary acting as resistance at 73.05 levels. A daily close above 75.25 levels will confirm the breakout from the bullish continuation chart pattern with the price target of 83.25 levels. (Learn more: Video Tutorial)

SOUTHWEST GAS HOLDINGS, INC. (SWX)
Southwest Gas Holdings, Inc. (NYSE: SWX) is a utility company engaged in the distribution of natural gas across the United States. The stock has formed a 13-month-long rectangle pattern, that can act as continuation pattern. The horizontal upper boundary with several tests acts as a resistance around the 78.5 levels, with support near 67.6. A daily close above 80.8 will confirm the breakout, potentially triggering a move toward the price target of 89.4. (Learn more: Video Tutorial)
IONQ, INC. (IONQ)
IonQ, headquartered in College Park, MD, is a leading pure-play quantum computing company, specializing in trapped-ion technology for quantum computers. Its systems operate at room temperature with high-fidelity quantum gates, offering a practical alternative to competitors’ superconducting approaches that require extreme cooling. IonQ provides access to its quantum computers via major cloud platforms (Microsoft Azure, Google Cloud, AWS) and its own cloud service, targeting applications in drug discovery, materials science, finance, and AI. The stock formed a 7 month-long H&S continuation chart pattern with the horizontal boundary acting as resistance at 48.3 levels. A daily close above 51 levels will confirm the breakout from the continuation chart pattern with the possible chart pattern price target of 77 levels. (Learn more: Video Tutorial)
SPOK HOLDINGS (SPOK)
Spok Holdings is a leader in healthcare communications, providing solutions like paging, secure messaging, and clinical alert systems to over 2,200 hospitals, including top-ranked U.S. institutions. The company operates primarily through its subsidiary, Spok, Inc., serving healthcare, government, and enterprise sectors across the U.S., Canada, Europe, Australia, and the Middle East. The stock is listed on the Nasdaq Stock Exchange. Price chart formed an 18 month-long rectangle with the horizontal boundary acting as resistance at 18 levels. A daily close above 18.5 will confirm the breakout from the rectangle with the price target of 22 levels. (Learn more: Video Tutorial)
PACIRA BIOSCIENCES INC (PCRX)
Pacira BioSciences, Inc. is the holding company for its subsidiary, Pacira Pharmaceuticals, Inc. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 5 month-long rectangle with the horizontal boundary acting as strong resistance at 27.50 levels. The lower boundary is acting as support at 21.8 levels. Both boundaries were tested several times over the course of the chart pattern. A daily close above 28.30 levels will confirm the breakout from the 5 month-long rectangle with the possible chart pattern price target of 33.20 levels. For those who trade well-defined consolidations, a rebound from the lower boundary can offer a good long opportunity given the earlier rebounds. (Learn more: Video Tutorial)
WILLIAMS COMPANIES INC (WMB)
The Williams Companies, Inc. is an energy company. Its segments include Transmission & Gulf of America, Northeast G&P, West, and Gas & NGL Marketing Services. The stock is listed on the New York Stock Exchange. Price chart formed a 5 month-long rectangle with the horizontal boundary acting as strong resistance at 61.50 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 63.30 levels will confirm the breakout from the 5 month-long rectangle with the possible chart pattern price target of 71.20 levels. (Learn more: Video Tutorial)
SATELLOGIC INC (SATL)
Satellogic Inc. is a vertically integrated geospatial analytics company. It is building a fully automated Earth Observation (EO) platform with the ability to remap the entire planet at both high-frequency and high-resolution, providing accessible and affordable solutions for its customers. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 6 month-long rectangle with the horizontal boundary acting as strong resistance at 5.10 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 5.25 levels will confirm the breakout from the 6 month-long rectangle with the possible chart pattern price target of 7.60 levels. (Learn more: Video Tutorial)
TRISURA GROUP LTD (TSU)
Trisura Group Ltd. is a specialty insurance provider. The Company is engaged in operating in surety, risk solutions, corporate insurance, and fronting business lines of the market. The stock is listed on the Toronto Stock Exchange. Price chart formed a 24 month-long rectangle with the horizontal boundary acting as strong resistance at 48.00 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 49.60 levels will confirm the breakout from the 24 month-long rectangle with the possible chart pattern price target of 66.00 levels. (Learn more: Video Tutorial)
EUROPE
HORNBACH HOLDING AG (HBH) – new addition to watchlist
HORNBACH Holding AG & Co. KGaA engages in the development and utilization of retail real estate properties. It operates through the following business segments: HORNBACH Baumarkt AG, HORNBACH Baustoff Union GmbH, and HORNBACH Immobilien AG. The HORNBACH Baumarkt AG segment focuses on operating DIY megastores with garden centers and online shops. The HORNBACH Baustoff Union GmbH segment includes construction materials and builders’ merchant business. The HORNBACH Immobilien AG segment is involved in developing retail real estate. The stock is listed on Xetra Dax. Price chart formed a 4 month-long cup & handle continuation with the horizontal boundary acting as resistance at 107.6 levels. A daily close above 110.8 levels will confirm the breakout with the possible price target of 127.6 levels. (Learn more: Video Tutorial)
PEUGEOT INVEST SA (PEUG) – new addition to watchlist
Peugeot Invest SA is an investment company, which engages in the development of capital venture portfolio. Its activities include financial investment and cash management. It also has shareholding interests in companies in the real estate and wine industries. The stock is listed on the EuroNext. Price chart formed a 4 month-long symmetrical triangle with the upper boundary acting as resistance at 80.2 levels. There has been several tests of the upper boundary. A daily close above 82.6 levels will confirm the breakout with the possible chart pattern price target of 90 levels. (Learn more: Video Tutorial)
DIETEREN GROUP (DIE)
D’Ieteren Group SA/NV is a long-established, family-controlled Belgian investment holding company, founded in 1805 and headquartered in Brussels. D’Ieteren Group connects automotive distribution, vehicle services, parts supply, lifestyle goods, and real estate into a coherent investment structure with global reach and strong market positions. The stock is listed on EuroNext. Price chart is possibly forming a 3 month-long rectangle with the upper boundary acting as resistance at 188.6 levels. There has been several tests of the horizontal boundary. A daily close above 194.2 levels will confirm the rectangle as a bullish continuation with the price target of 206 levels. (Learn more: Video Tutorial)
GEORG FISCHER (GF)
Georg Fischer (GF) is a leading global provider of flow solutions for transporting water, chemicals, and gases safely and efficiently across industrial, infrastructure, and building sectors. Originally founded as a steel foundry, GF has transformed over two centuries into a modern technology group focused on sustainability, innovation, and precision engineering. The stock is listed on the Swiss Stock Exchange. The stock formed a 3 month-long rectangle with the upper boundary acting as resistance at 66.7 levels. A daily close above 68.7 levels will confirm the breakout from the horizontal chart pattern with the possible chart pattern price target of 72 levels. (Learn more: Video Tutorial)
MUNTERS GROUP (MTRS)
Munters is a global leader in climate control solutions — offering energy-efficient systems that manage humidity, temperature, and air quality for mission-critical environments. Their technologies aim to improve resource efficiency and reduce environmental impact. The stock is listed on the Stockholm Stock Exchange. Price chart formed a 3 month-long rectangle with the upper boundary acting as strong resistance at 144.7 levels. A daily close above 149 levels will confirm the breakout from the horizontal chart pattern with the possible price target of 166.6 levels. (Learn more: Video Tutorial)
SBERBANK (SBER)
Sberbank, headquartered in Moscow, Russia, is the largest bank in Russia and one of the leading financial institutions in Eastern Europe. Majority-owned by the Russian government through the National Welfare Fund, it provides retail banking, corporate banking, investment services, and digital financial products. The stock is possibly forming a 12 month-long cup & handle continuation chart pattern with the horizontal boundary acting as resistance at 330 levels. A daily close above 340 levels will confirm the breakout with the possible chart pattern price target of 430 levels. (Learn more: Video Tutorial)
MIDDLE EAST & AFRICA
ICBC TURKEY BANK (ICBCT)
ICBC Turkey Bank AS provides banking and financial services. The firm operates through following segments: Retail Banking, Corporate Banking, Treasury, Investment Banking, and Others. It offers banking services to corporate, commercial, small and medium enterprise and individual clients, as well as provides fund management transactions, such as foreign currency, money market, and securities trading. The stock is listed on the Istanbul Stock Exchange. Price chart is possibly forming a 3 month-long rectangle with the upper boundary acting as resistance at 17 levels. A daily close above 17.5 levels will confirm the breakout with the possible chart pattern price target of 19.65 levels. (Learn more: Video Tutorial)
CIMSA CIMENTO (CIMSA)
Cimsa Cimento (BIST: CIMSA) is one of Turkey’s leading cement and building materials producers. Founded in 1972 and headquartered in Mersin, Çimsa operates under the umbrella of the Sabancı Group. The company produces white cement, grey cement, calcium aluminate cement, and other specialty products. The stock has formed a 6 month-long rectangle chart pattern with the several times tested horizontal resistance at 55.6 levels. A daily close above 57.25 levels will confirm the breakout, potentially triggering a move toward the price target of 67.7. (Learn more: Video Tutorial)
TAV HAVALIMANLARI (TAVHL)
TAV Havalimanlari (BIST: TAVHL) is a Turkey-based company engaged in the management and operation of airport terminals. The stock has formed a year-long rectangle pattern, with the upper boundary acting as resistance at 293 levels. The horizontal boundary was tested several times. A daily close above 301.8 levels will confirm the breakout with the possible chart pattern price target of 373 levels, based on the pattern’s height. (Learn more: Video Tutorial)
ASIA
ZHONGAN ONLINE P&C INS LTD. (6060) – new addition to watchlist
ZhongAn Online P&C Insurance Co. Ltd. engages in the provision of insurance services. It operates through the following segments: Insurance, Technology, Banking, and Others. The stock is listed on the Hong Kong stock exchange. Price chart formed a 3 month-long rectangle with the upper boundary acting as resistance at 22.25 levels. Both boundaries were tested several times. A daily close above 22.9 levels will confirm the breakout with the possible chart pattern price target of 27.3 levels.
TSURUHA HOLDINGS INC. (3391)
TSURUHA Holdings, Inc. operates as a holding company which provides the management and operation of its group companies. It operates through the following business divisions: Drugstore, Dispensing, Nursing, Mail Order, and Group Support Business. The stock is listed on the Nikkei Stock Exchange. Price chart is possibly forming a 4 month-long rectangle with several tests of both boundaries. A daily close above 2,470 levels will confirm the breakout from the tight rectangle chart pattern with the price target of 2,590 levels. Breakouts from such tight consolidations can extend with the price objective to 2x or in some cases to 3x. (Learn more: Video Tutorial)
DIXON TECHNO (INDIA) LTD. (DIXON)
Dixon Technologies (India) Ltd. engages in the manufacture and sale of electronic products. The firm offers consumer electronics such as LED television, home appliances such as washing machines and lighting products such as LED bulbs and tube lights, down lighters, and compact fluorescent bulbs and mobile phones. It also provides after sales services. Price chart possibly formed a 4 month-long H&S continuation with the horizontal boundary acting as resistance at 17,100 levels. A daily close above 17,615 levels will confirm the breakout from the bullish continuation chart pattern with the price target of 20,400 levels. (Learn more: Video Tutorial)
SWIRE PACIFIC (19)
Swire Pacific (HKEX: 19) is a conglomerate engaged in property, aviation, beverages, and trading across Asia. The stock has formed a 13-month-long rectangle pattern that can act as a continuation chart pattern. The horizontal upper boundary acts as a resistance around 73.5 levels, with support near 60.25. A daily close above 75.7 will confirm the breakout, potentially triggering a move toward the price target of 86.75. (Learn more: Video Tutorial)
SCROLL CORPORATION (8005)
Scroll Corporation, headquartered in Japan, operates in the retail and e-commerce sectors, focusing on mail-order and online sales of apparel, cosmetics, and household goods. It also provides logistics and marketing services. The company has approximately 920 employees and is known for its catalog and online retail platforms. The stock is listed on the Tokyo Stock Exchange. Price chart formed a 19 month-long rectangle with the upper boundary acting as resistance at 1,100 levels. A daily close above 1,133 levels will confirm the breakout from the rectangle with the price target of 1,330 levels. (Learn more: Video Tutorial)
AEGIS LOGISTICS LTD (AEGISLOG)
Aegis Logistics Limited is an India-based integrated oil, gas and chemical logistics company. The Company is engaged in the business of the import and distribution of liquified petroleum gas (LPG) and storage and terminalling facilities for LPG and chemical products. The stock is listed on the National Stock Exchange. Price chart formed a 10 month-long rectangle with the horizontal boundary acting as strong resistance at 956.00 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 984.00 levels will confirm the breakout from the 10 month-long rectangle with the possible chart pattern price target of 1,266.00 levels. (Learn more: Video Tutorial)




































































