GLOBAL EQUITY MARKETS – January 10, 2026

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) after finding support at 136 levels and rebounding strong, found resistance at 143.1 levels. The sideways correction seems contained with the consolidation between horizontal boundaries of 136 and 143.1 levels. Breakout from the sideways consolidation is now resuming the uptrend. The benchmark completed a H&S continuation with the breakout above the horizontal resistance at 143.1 levels. H&S continuation price target is at 150.2 levels. Previous resistance at 143.1 becomes the new support.

 

GLOBAL EQUITY MARKETS – JANUARY 10, 2026 – PART I

GLOBAL EQUITY MARKETS – JANUARY 10, 2026 – PART II

TECH CHARTS WATCHLIST – SUMMARY OF RICS & PATTERNS IN FOCUS (ACCESS EXCEL REPORT)

STOCKS REMOVED FROM WATCHLIST

  • HDFC LIMITED (Chart pattern morphing)
  • SCHAEFFLER INDIA LTD. (Chart pattern morphing)
  • CRESENT ENERGY COMPANY (Chart pattern morphing)
  • DOMINION ENERGY INC. (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. Upper boundary of the channel becomes the new support at 51.2 levels. Continued strength can target the resistance at 58.1 levels. Uptrend is intact. The short-term consolidation earlier analyzed as a possible symmetrical triangle completed on the upside with last week’s breakout. Symmetrical triangle price target is at 58.8 levels. 

Nasdaq is trending higher above its long-term average. In the short-term, minor low at 24,200 acted as support. The rebound was strong with back to back daily gains. Next short-term resistance stands at 26,170 levels. 24,200 acts as support. Price can remain range bound for some time between the well-defined boundaries. Breakout above 26,170 levels can resume the uptrend.   

S&P 500 Index is trending above the 200-day average. As I always mention, the 200-day average (EMA) is my trend filter and as long as price is above the 200-day average, we should view price action with a bullish bias. The index rebounded from support at 6,545 levels. Next resistance was at 6,954 levels. The sideways consolidation resulted in a drop in volatility, which is always beneficiary for finding good single equity breakout setups. The pattern can be identified as a possible H&S continuation. Breakout above 6,954 levels is resuming the uptrend towards 7,355 levels.  After holding the neckline of the completed H&S continuation price rebounded and now targeting higher levels. 

 

Russell 2000 Index has been a laggard when compared with Tech stocks and Blue chips. That relationship might be changing towards small cap outperformance. The index has been resuming higher above its long-term average. The rebound from the long-term average has been strong. Resistance area between 2,560 and 2,605 levels was cleared with this week’s strength. 2,560-2,605 area turns into support. 

EuroStoxx 50 index breakout above 5,470 levels confirmed the rectangle as a bullish continuation with the price target of 5,760 levels. 5,470-5,510 area acted as strong support.  The index rebounded from the horizontal support at 5,470 levels. Breakout above 5,810 levels is now resuming the uptrend. 5,810 level turns into short-term support. 

Euro Stoxx 600 Banking Index Futures have been the strong performer in the European equities. The index have been in a steady uptrend. Breakout above 318 levels resumed the uptrend in European Banks. Following the rebound from horizontal support at 318.7, the index cleared the short-term resistance at 336 levels. Previous resistance area turns into support between 318 and 336. Banking index can accelerate its uptrend with the recent breach above the upper boundary of trend channel. Failure to remain above the upper boundary of the trend channel can result in a pullback towards support area between 336 and 358 levels.   

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. 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 acted as resistance and resulted in a multi-month long pause in the steady uptrend. Breakout above 24,600 levels completed the multi-month long rectangle and now targets 26,100 levels. Previous resistance at 24,600 levels turns into support. 

France CAC 40 Index completed the consolidation that has been taking place between 7,500 and 7,940 levels. Breakout from the short-term consolidation is now offering a directional move. The strong weekly candle confirmed the breakout. Previous resistance at 7,940 levels turned into support. Recent breakout above 8,270 levels also confirmed the rectangle with the price target of 9,520 levels. Latest tight consolidation right below the resistance was a preparation for breakout higher.

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. Uptrend is intact. The lower boundary of the channel is acting as support at 43,000 and the next support is the 200-day average at 41,637. Uptrend can accelerate in the trend channel towards the upper boundary at 47,400 levels.  

Japan’s NIKKEI 225 breakout from the tight consolidation during June-July period is resuming the uptrend. The index continues to form higher lows. Breakout above the resistance at 52,800 can add momentum to the uptrend. Support area is between 48,145 and 52,800. 

Australia S&P ASX 200 Index has been moving higher in a trend channel. Breakdown below the minor low at 8,850 levels and the lower boundary of the channel resulted in a re-test of the 200-day average. The index slipped below its long-term average at 8,600 levels. The quick recovery above 8,600 levels is positive. It will be important for the index to stabilize above the year-long average for the bullish outlook to remain intact.  

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 resulted in an upward price action. The index found resistance between 3,000-3,060 levels. A breakout above 3,060 levels took place with this week’s candle and it is very positive for the Asian benchmark and Emerging Market equities. Price target for the multi year-long base stands at 3,920 levels. 3,060 levels becomes the new support. 

Invesco China Technology ETF is an exchange-traded fund that offers focused exposure to Chinese technology companies by tracking the FTSE China Incl A 25% Technology Capped Index. It holds predominantly Chinese tech and internet stocks like Tencent, PDD, Meituan and Baidu, with the top 10 typically making up over half of the fund. When compared with the bullish technical outlook on SSE50 Index discussed above, it has a similar technical outlook with its breakout from the massive base. CQQQ had an earlier breakout, followed by a pullback and now possibly getting ready for continuation higher. The horizontal boundary and the long-term average are forming support at 50.6 levels. Price target for the multi-month long base stands at 73 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 the weekly candle that cleared the resistance at 10,800 levels. Possible symmetrical triangle price target stands at 13,400 levels. Breakout above 11,600 resistance confirmed the re-completion of the symmetrical triangle. 11,600 levels becomes the new support. Uptrend can accelerate.  

Banking Index stabilized above the year-long average. Multi-month long rectangle price target stands at 22,500 levels. Strength in Banks can be the driver of equity market performance on BIST100. Breakout confirmation needs a strong weekly close that clears the multi-month long consolidation. Such price action can possibly launch multi-month long uptrend. We still haven’t seen that strong breakout on the Banking Index.    

The Ishares MSCI Turkey ETF  can be a good proxy to take advantage of possible strength in Turkish equities. The ETF found support above 29 levels. A rally towards 44 can better define the right shoulder of a massive bottom reversal. Only after a breakout above 44 we will confirm the bottom reversal with the price target of 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 was met at 43 levels. Uptrend is intact. Long-term average at 41.26 can act as long-term support. Uptrend is possibly moving in a trend channel (labelled with green boundaries)

DIA rebounded from the strong support at 370 levels in the first half of the year. Recovery above the year-long average and continued strength targeted the next resistance at 451.5 levels. The ETF possibly completed a H&S continuation with the breach of the neckline at 451.5 levels. Outlook is positive with the price trending higher in a channel. 451.5 levels turns into support.  Price target for the H&S continuation is at 530 levels.

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 long-term support. Uptrend met the long-term 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. Sensex and Nifty remained range-bound above the year-long averages in search of a classical chart pattern. Price action for both benchmarks can be analyzed as a reversion to the mean followed by continuation of the trend. For Sensex the long-term average is at 82.3K and for Nifty it is at 25.1K. Both benchmarks are consolidating above their long-term averages. Sensex is facing resistance at the 2024 highs, 86K. Nifty has resistance at 26,300. Breakout above the resistance areas will be very positive for both benchmarks. For now I monitor those levels as technical hurdles. Failure to clear them is resulting in consolidation between the horizontal resistance at the long-term averages.

 

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. Over the past few days the unadjusted chart shoed a sginficant gap and drop due to large dividend. The dividend adjusted chart is not impacted and continues to support the bottom reversal case. When a dividend is paid and the unadjusted chart shows a sharp price drop, it is actually not a loss in a portfolio as the investor is compensated by either shares or cash dividend to make up for the change in price. The chart is possibly completing a 2 year-long bottom reversal that can be identified as a complex H&S bottom. The neckline is at 18.8 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. 18.5-18.8 area turns into support. Price target for the bottom reversal stands at 22 levels. 

Breakout above 2,070 levels completed a multi-year long rectangle with the price target of 2,460 levels. The breakout from the rectangle also completed a multi-year long cup & handle continuation with the price target of 3,000 levels. Gold price reached and exceeded all chart pattern price objectives and the price chart is showing a steep advance. A long-term trend channel can be drawn with the upper boundary forming resistance at 6,500 levels. If Gold is in an uptrend similar to 2000-2012 period, the angle of the uptrend can target the upper boundary in the following months/years. The lower boundary of the trend channel and the horizontal support will act as long-term support area between 2,070 and 2,400 levels. (This analysis is for long-term asset allocators. The chart is on quarterly scale)

The chart below shows the daily scale price chart of Gold. Since the rally triggered by the completion of ascending triangle, Gold has been consolidating earlier gains in a contracting range. Breakout from the contracting range first found resistance at the minor high at 4,250 levels. After clearing that level, the next stop was tested at 4,380. Breakout above 4,380 levels failed to materialize into a sustained trend. Price fell below the support at 4,380 levels. Chart pattern is morphing while the long-term uptrend remains intact above the year-long average. A short-term consolidation can form between 4,275 and 4,550 levels. Breakout above 4,550 can resume the uptrend. 

Silver’s long-term horizontal resistance stands at 50 levels. Given that $50 is a multi-decade long resistance and a breakout means completion of that range. The strong monthly close (which took place in November) is a long-term breakout confirmation. The most recent short-term consolidation was analyzed as an ascending triangle with the upper boundary at 54.5 levels. Price target for the short-term bullish continuation chart pattern was met at 63.4 levels. 54.5-50 area turns into support. Silver’s uptrend is becoming steep and price can be exposed to a pause or a quick pullback. I have discussed the application of ATR based tailing stop-losses in such uninterrupted rallies in order to protect any open profit during a sharp pullback. (Link for the post and the open source code for the ATR trailing stop) (X Posts on ATR Trailing Stop) A short-term consolidation might be forming between 70 and 83.75 levels. Tight consolidation can act as a bullish continuation and resume the uptrend. 

Copper experienced 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. Since July 2022, Copper price is forming higher lows that can be seen from the green upward sloping trend line. I view the latest strength as confirmation for the re-completion of the H&S pattern. For now price is finding resistance at 6.0 levels.

The LME Copper prices confirmed the breakout from the long-term ascending triangle with the strong monthly close. The upper boundary was acting as resistance at 10,550 levels. Breakout from the long-term bullish chart pattern is pushing prices higher towards the pattern objective at 13,900 levels. 10,550 level becomes the new support. 

Aluminum futures completed a multi-year long ascending triangle. The upper boundary was tested several times around 2,670 levels. The symmetrical triangle inside the ascending triangle acted as a launching pattern. Long-term ascending triangle price target stands at 3,200 levels. 2,670-2,793 area becomes the support. The weekly chart shows a pullback followed by continuation of the uptrend. The pullback formed a very short-term H&S continuation chart pattern on daily scale (not shown here). The neckline of the short-term bullish continuation was breached at 2,900 levels. Breakout above the horizontal resistance is now resuming the uptrend. Price is very close to the ascending triangle pattern objective.   

Similar to Copper and Aluminum, Palladium price chart completed its long-term breakout. This is another industrial metal that has been building up energy in a multi-year long sideways consolidation. The weekly scale chart below experienced a strong weekly candle that cleared 1250-1328 area. Completion of the rectangle as a bottom reversal offered an upside potential towards 1,655 levels. 1,250-1,328 area becomes the new support. Price target is met. There is no top reversal chart pattern at this stage. Uptrend can resume. 

Crude Oil has been trending lower below its 200-day average. Given that price is still below the long-term average and any bullish signal should be taken with caution as the trend is downwards. I am now monitoring Apr-May and Oct lows as a strong support where price started rebounding from. Rebound from current levels can keep price between 55 and 65 trading range. Breakdown below 55 levels can be very negative for Crude Oil price chart.  

Global X Uranium ETF (URA) completed a large scale ascending triangle or a channel. Price broke 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. After a quick pullback to the pattern upper boundary, price rallied to chart pattern target at 48.4 levels. Uptrend is intact. URA can consolidate earlier gains above the long-term average. So far price action can be analyzed as a reversion to the mean.

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 forming a downward sloping channel with the upper boundary and the long-term average forming resistance at 130 levels. Breakout above 130 can push price higher towards the upper boundary of the descending triangle at 134.6 levels. Breakdown below 126 levels can set the price target as 114.15 levels. A breakdown confirmation requires a weekly close below 126 levels.

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. Breakdown below the 200-day average is changing the outlook to negative and suggests lower prices on TIPS Bond ETF. The 200-day average at 102.65 and the channel boundary at 103 become the resistance area. Weakness can target 99.6-100 support area. 

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 117.5 levels. Price can remain volatile in this range in the following weeks. Breakout above 117.5 levels can resume the uptrend towards the next resistance at 123 levels. Breakdown below the long-term average can result in a weakness towards the lower boundary at 110. 

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.

Between different duration U.S. yields, the 30 Year has the better defined chart pattern, a possible 3 month-long H&S bottom completing on the upside with the breach of the neckline at 4.78 levels. Failure to hold above the 200-day average can put the bullish interpretation in question. Price target for the H&S bottom reversal stands at 5.03 levels. So far price action looks like a breakout followed by a pullback to the neckline. 

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 June and September 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. 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. Given that this is a monthly scale price chart, a breakdown needs a weak monthly close below 97 levels. A breakout above 101 levels on monthly scale can act as a bottom reversal signal similar to 2014 and 2021 reversals from the lower boundary of channel.

USDJPY has 2 possible H&S chart patterns over the past 2 years. A long-term H&S top with the neckline at 140 levels and a H&S bottom reversal (short-term) with the neckline at 151.3 levels. Price is trending above the 200-day average and I have been looking for a bullish chart pattern completion. Breakout above 151.3 levels confirmed the H&S bottom with the price target of 162.6 levels. Such price action favoring USD strength can also result in a H&S top failure. 151.3 level becomes the new support. A short-term consolidation between 154.5 and 157.8 levels can act as a bullish continuation as the pair targets 162.6 levels.

There are 7 breakout signals.

TECH CHARTS ALERT

MEDACTA GROUP SA (MOVE)

Medacta Group SA engages in the design, production, and distribution of innovative, personalized, and sustainable solutions for joint replacement, sports medicine, and spine surgery. The stock is listed on the Swiss Stock Exchange. Price chart formed a 3 month-long rectangle with the upper boundary acting as resistance at 157.2 levels. The daily close above 162 levels confirmed the breakout with the possible chart pattern price target of 174.2 levels. (Learn more: Video Tutorial) 

EMAAR DEVELOPMENT PJSC (EMAARDEV)

Emaar Development PJSC engages in the development, acquisition, and sale of real estate properties. Its portfolio includes residential and commercial build-to-sell assets. It also leases and manages self-owned properties. The stock is listed on the Dubai Financial Market. Price chart formed a 5 month-long cup & handle continuation with the horizontal boundary acting as resistance at 15.6 levels. The daily close above 16.05 levels confirmed the breakout with the price target of 17.7 levels. (Learn more: Video Tutorial)

KEYSTONE INFRA LTD. (KSTN)

Keystone Infra Ltd. operates as an infrastructure investment fund. It invests in infrastructure assets in the energy, renewable energy, transportation, water desalination, and communication sectors. The stock is listed on the Tel Aviv Stock Exchange. Price chart formed a 4 month-long ascending triangle with the upper boundary acting as resistance at 1,000 levels. The daily close above 1,030 levels confirmed the breakout with the price target of 1,125 levels. (Learn more: Video Tutorial)

HAITIAN INTERNATIONAL HOLDINGS LIMITED (1882)

Haitian International Holdings Ltd. is an investment company, which engages in the development and production of plastic injection molding machines. The stock is listed on the Hong Kong Stock Exchange. Price chart formed a 4 month-long rectangle with the upper boundary acting as resistance at 22.8 levels. The daily close above 23.4 levels confirmed the breakout with the possible chart pattern price target of 25 levels. (Learn more: Video Tutorial)

CASEYS GENERAL STRORES INC. (CASY)

Casey’s General Stores, Inc. engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 3 month-long H&S continuation with the horizontal neckline acting as resistance at 572.5 levels. The daily close above 590 levels confirmed the breakout with the price target of 645 levels. (Learn more: Video Tutorial) 

HEICO CORPORATION (HEI)

HEICO Corp. engages in the manufacturing of electronic equipment for the aviation, defense, space, medical, telecommunications, and electronics industries. The stock is listed on the New York Stock Exchange. Price chart formed a 5 month-long rectangle with the horizontal boundary acting as resistance at 338.5 levels. The daily close above 348.6 levels confirmed the breakout with the possible price target of 374 levels. (Learn more: Video Tutorial)

ESQUIRE FINANCIAL HOLDINGS (ESQ)

Esquire Financial Holdings, Inc. engages in the provision of banking and financial solutions. It offers commercial banking services, which serve the financial needs of the legal industry and small business communities, and commercial and retail customers in the New York metropolitan market. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 4 month-long rectangle with the upper boundary acting as resistance at 105.9 levels. The daily close above 109 levels confirmed the breakout with the possible price target of 120 levels. (Learn more: Video Tutorial)

There are 8 additions to watchlist.

TECH CHARTS WATCHLIST

AMERICAS

COASTAL FINANCIAL CORPORATION (CCB) – new addition to watchlist

Coastal Financial Corp. is a bank holding company, which engages in the provision of banking products and services to small and medium-sized businesses, professionals, and individuals. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 4 month-long H&S continuation with the horizontal neckline at 120 levels. A daily close above 123.6 levels will confirm the breakout with the possible price target of 141 levels. (Learn more: Video Tutorial) 

CANADA GOOSE HOLDINGS INC. (GOOS) – new addition to watchlist

Canada Goose Holdings, Inc. engages in the design, manufacture, distribution, and retail of outerwear for men, women, and children. It operates through the following segments: Direct-to-Consumer, Wholesale, and Other. The stock is listed on the Toronto Stock Exchange. Price chart formed a 5 month-long ascending triangle with the upper boundary acting as resistance at 21 levels. A daily close above 21.6 levels will confirm the breakout with the price target of 26.7 levels. (Learn more: Video Tutorial)

CUSHMAN & WAKEFIELD LTD. (CWK) – new addition to watchlist

Cushman & Wakefield Ltd. s a global commercial real estate services firm for property owners. The company is headquartered in Hamilton, Bermuda. The stock is listed on the New York Stock Exchange. Price chart formed a 3 month-long rectangle with the upper boundary acting as resistance at 17.25 levels. A daily close above 17.75 levels will confirm the breakout with the price target of 20 levels. (Learn more: Video Tutorial)

GENCO SHIPPING & TRADING LTD. (GNK) – new addition to watchlist

Genco Shipping & Trading Ltd. is an international ship owning company, which engages in the transportation of iron ore, coal, grain, bauxite, steel products, and other drybulk cargoes. It operates through the Major Bulk and Minor Bulk segments. The Major Bulk segment focuses on Capesize vessels. The Minor Bulk segment consists of Ultramax and Supramax vessels. The stock is listed on the New York Stock Exchange. Price chart formed a 3 month-long cup & handle continuation with the horizontal boundary acting as resistance at 19.6 levels. A daily close above 20.18 levels will confirm the breakout with the price target of 23.6 levels. (Learn more: Video Tutorial)

PIPER SANDLER COMPANIES (PIPR) – new addition to watchlist

Piper Sandler Cos. engages in the provision of investment banking and institutional securities services. It offers financial advisory services, equity and debt capital markets products, public finance services, equity research and institutional brokerage, fixed income services, and private equity strategies. The stock is listed on the New York Stock Exchange. Price chart formed a 3 month-long cup & handle continuation with the horizontal boundary acting as resistance at 373 levels. A daily close above 384 levels will confirm the breakout with the price target of 435 levels. (Learn more: Video Tutorial)

CSX CORPORATION (CSX)

CSX Corp. engages in the provision of rail-based freight transportation services. Its services include rail service, the transport of intermodal containers and trailers, rail-to-truck transfers and bulk commodity operations. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 4 month-long ascending triangle with the upper boundary acting as resistance at 37.4 levels. A daily close above 38.5 levels will confirm the breakout with the price target of 42.8 levels. (Learn more: Video Tutorial)

TANGER INC. (SKT)

Tanger, Inc. engages in the operation of upscale open-air outlet centers. The firm focuses on developing, acquiring, owning, operating, and managing outlet shopping centers. The stock is listed on the New York Stock Exchange. Price chart formed a 4 month-long rectangle with the horizontal upper boundary acting as resistance at 34.85 levels. A daily close above 35.9 levels will confirm the breakout with the price target of 37.95 levels. (Learn more: Video Tutorial)

WATTS WATER TECHNOLOGIES (WTS)

Watts Water Technologies, Inc. engages in the manufacture and provision of products for water conservation, safety, and flow control. The stock is listed on the New York Stock Exchange. Price chart formed a 3 month-long rectangle with the upper boundary acting as resistance at 287 levels. A daily close above 295 levels will confirm the breakout with the chart pattern price target of 311 levels. (Learn more: Video Tutorial)

JABIL INC (JBL)

Jabil, Inc. engages in the provision of manufacturing services and solutions. It operates through the Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS) segments. The stock is listed on the NYSE. Price chart formed a 4 month-long rectangle with the upper boundary acting as resistance at 235 levels. A daily close above 242 levels will confirm the breakout with the price target of 276 levels. (Learn more: Video Tutorial)

ADAMS NATURAL RESOURCES FUND INC (PEO)

Adams Natural Resources Fund, Inc. is a closed-end equity investment fund, which specializes in energy and natural resources stocks. Its objectives include the preservation of capital, attainment of reasonable income from investments, and an opportunity for capital appreciation. The fund is listed on the New York Stock Exchange. Price chart formed a 5 month-long ascending triangle with the upper boundary acting as resistance at 22.30 levels. A daily close above 22.6 levels (half of 3% Edwards & Magee breakout confirmation guideline) will confirm the breakout from the bullish continuation chart pattern with the price target of 24 levels. (Learn more: Video Tutorial)

XP INC (XP)

XP, Inc. engages in the operation of technology-driven financial services platform. The firm provides customers with two principal types of offerings, financial advisory services for retail clients in Brazil, high-net-worth clients, international clients and corporate and institutional clients, and an open financial product platform providing access to over 800 investment products including equity and fixed income securities, mutual and hedge funds, structured products, life insurance, pension plans, real-estate investment funds (REITs) and others from XP, its partners and competitors. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 6 month-long rectangle with the upper boundary acting as resistance at 20.35 levels. A daily close above 20.95 levels will confirm the breakout with the possible chart pattern price target of 24.95 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 7 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 7 month-long rectangle with the possible chart pattern price target of 33.20 levels. (Learn more: Video Tutorial)

EUROPE

GEBERIT AG (GEBN) – new addition to watchlist

Geberit AG engages in the development, manufacture, and distribution of sanitary products and systems for the residential and industrial construction industry. It operates through the following segments: Installation and Flushing Systems, Piping Systems, and Bathroom Systems. The stock is listed on the Swiss Stock Exchange. Price chart formed a 6 month-long H&S continuation with the horizontal neckline acting as resistance at 650 levels. A daily close above 670 levels will confirm the breakout with the price target of 724 levels. (Learn more: Video Tutorial)

JC DECAUX SE (DEC)

JCDecaux SE engages in the provision design, install, and maintain a range of free and low-cost services. It operates through the following segments: Street Furniture, Transport, and Billboard. The stock is listed on Paris Stock Exchange. Price formed a 6 month-long rectangle with the upper boundary acting as resistance at 16.07 levels. A daily close above 16.55 levels will confirm the breakout with the price target of 18 levels. (Learn more: Video Tutorial) 

HEINEKEN NV (HEIA)

Heineken NV engages in the manufacture and distribution of alcoholic and non-alcoholic beverages. It offers products under the Heineken, Amstel, Desperados, Sol, Tiger, Birra Moretti, Affligem, Lagunitas, Mort Subite, Strongbow Apple Ciders, Orchard Thieves, Stassen, Bulmers, Old Mout, and Blind Pig brands. The stock is listed on the Amsterdam Stock Exchange. Price chart formed a 4 month-long H&S bottom reversal with the horizontal neckline acting as resistance at 71.3 levels. A daily close above 73.4 levels will confirm the breakout with the possible price target of 77.6 levels. (Learn more: Video Tutorial)

SCATEC ASA (SCATC)

Scatec ASA engages in the production, delivery, and deployment of solar power. It operates through the following business segments: Power Production; Operation and Maintenance; Development and Construction; and Corporate. The stock is listed on the Euronext Oslo. Price chart possibly formed a 3 month-long rectangle with the upper boundary acting as resistance at 107.6. A daily close above 110.8 levels will confirm the breakout with the possible price target of 117 levels. (Learn more: Video Tutorial) 

MTU AERO ENGINES AG (MTX)

MTU Aero Engines AG is engaged in the development, manufacture and trade of aviation engine and components. The stock is listed on the XETRA. Price chart is possibly forming a 3 month-long rectangle with the upper boundary acting as resistance at 396 levels. A daily close above 408 levels will confirm the rectangle chart pattern as a bullish continuation with the chart pattern price target of 438 levels. A daily close below 340 levels will confirm the rectangle as a top reversal with the price target of 310. (Learn more: Video Tutorial)

MIDDLE EAST & AFRICA

REYSAS TASIMACILIK VE LOJISTIK (RYSAS) – new addition to watchlist

Reysas Tasimacilik Ve Lojistik Ticaret AS engages in the provision of land, sea, and air transport services. It also offers storage services through its own warehouses. The stock is listed on the Istanbul Stock Exchange. Price chart formed a 4 month-long rectangle that can act as a bottom reversal. The horizontal boundary is acting as resistance at 16.5 levels. A daily close above 17 levels will confirm the breakout with the price target of 19.5 levels. (Learn more: Video Tutorial)

TURKCELL ILETISIM HIZMETLERI (TCELL)

Turkcell Iletisim Hizmetleri AS is engaged in establishing and operating a Global System for Mobile Communications (GSM) network in Turkey and regional states. The stock is listed on the Istanbul Stock Exchange. Price chart formed a 14 month-long symmetrical triangle with the upper boundary acting as resistance at 107.5 levels. A daily close above 110.7 will confirm the symmetrical triangle as a continuation with the price target of 141.5 levels. (Learn more: Video Tutorial)

ASIA

PERENTI LTD. (PRN) – new addition to watchlist

Perenti Ltd. is a mining and energy services company, which engages in the provision of exploration, mine development, surfacing and underground mining, and energy and infrastructure services. The stock is listed on the Sydney Stock Exchange. Price chart formed a 3 month-long ascending triangle with the horizontal boundary acting as resistance at 2.98 levels. A daily close above 3.07 levels will confirm the breakout with the price target of 3.44 levels. (Learn more: Video Tutorial)

CASIO COMPUTER CO. (6952)

Casio Computer Co., Ltd. engages in the manufacture and sale of watches and personal electronic equipment. It operates through the following segments: Watches, Consumer, Systems, and Others. The stock is listed on the Tokyo Stock Exchange. Price chart formed a 4 month-long cup & handle continuation with the horizontal boundary acting as resistance at 1,296 levels. A daily close above 1,315 levels will confirm the breakout with the price target of 1,406 levels. (Learn more: Video Tutorial)

GLORY LTD. (6457)

Glory Ltd. engages in the development, manufacture, and sale of cash handling machines and systems. Its operations are carried out through the following segments: Financial Market, Retail and Transportation Market, Amusement and Gaming Market, Overseas Market, and Others. The stock is listed on the Tokyo Stock Exchange. Price chart formed a 4 month-long rectangle with the upper boundary acting as resistance at 4,060 levels. A daily close above 4,180 levels will confirm the breakout with the price target of 4,560 levels. (Learn more: Video Tutorial)

HELIA GROUP (HLI)

Helia Group Ltd. engages in the provision of lenders mortgage insurance. It is also involved in the residential mortgage policy development with the lending institutions, local and international regulators and government and industry bodies. The stock is listed on the Sydney Stock Exchange. Price chart formed a 4 month-long rectangle with the upper boundary acting as resistance at 6.0 levels. A daily close above 6.18 will confirm the breakout with the possible price target of 6.67 levels. (Learn more: Video Tutorial)

TIME INTERCONNECT TECHNOLOGY LTD. (1729)

Time Interconnect Technology Ltd. is an investment holding company, which through its subsidiaries, engages in the manufacture and sale of cable assembly products. 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 18.6 levels. A daily close above 19.15 levels will confirm the breakout with the price target of 24.3 levels. (Learn more: Video Tutorial)

LIFE CORPORATION (8194)

Life Corp. owns and operates supermarkets that retail food products and clothing. The stock is listed on the Nikkei Stock Exchange. Price chart formed a 4 month-long H&S continuation with the horizontal neckline acting as resistance at 2,580 levels. A daily close above 2,655 levels will confirm the breakout with the possible chart pattern price target of 2,840. (Learn more: Video Tutorial)

WHARF REAL ESTATE INVESTMENT (1997)

Wharf Real Estate Investment Co. Ltd. is an investment holding company, which engages in investment in strategic and substantial retail, office, and hotel operations. It operates through the following segments: Investment Properties, Development Properties, Hotels, Investment, and Others. The stock is listed on the Hong Kong Stock Exchange. Price chart is possibly forming a 4 month-long cup & handle continuation with the horizontal boundary acting as resistance at 25.66 levels. A daily close above 26.4 will confirm the breakout with the possible chart pattern price target of 29.66 levels. (Learn more: Video Tutorial)

RR KABEL LIMITED (RRKABEL)

RR Kabel Ltd. is an electrical manufacturing company engaged in the provision of wire, cable, and fast moving electrical goods. The stock is listed on the National Stock Exchange of India. Price chart formed a 6 month-long H&S continuation with the horizontal boundary acting as resistance at 1,525 levels. A daily close above 1,570 will confirm the breakout from the bullish continuation chart pattern with the price target of 1,870 levels. (Learn more: Video Tutorial)

GENERTEC UNIVERSAL MEDICAL GROUP (2666)

Genertec Universal Medical Group Co., Ltd. engages in the provision of healthcare services. Its services include advisory services, sale of medical equipment, and medical equipment leases. The stock is listed on the Hong Kong Stock Exchange. Price chart formed a 4 month-long rectangle with the horizontal boundary acting as resistance at 6.66 levels. A daily close above 6.86 will confirm the breakout with the price target of 7.47 levels. (Learn more: Video Tutorial)

TCL ELECTRONICS HOLDING LIMITED (1070)

TCL Electronics Holdings Ltd. operates as a holding company with interest in manufacturing of multimedia electronics. The company operates through the following business segments: Smart Screen Segment; Internet Business Segment; Smart, Mobile, Connective Devices, and Services Segment; and Smart Commercial Display. The stock is listed on the Hong Kong Stock Exchange. Price chart formed a 5 month-long rectangle withe the several times tested horizontal boundary acting as resistance at 11.30 levels. A daily close above 11.65 levels will confirm the breakout with the possible chart pattern price target of 13.5 levels. (Learn more: Video Tutorial)

RICOH COMPANY LIMITED (7752)

Ricoh Co., Ltd. engages in the development, production, sale, and provision of services for imaging systems, industrial printers, and network equipment. It operates through the following segments: Office Printing, Office Services, Commercial Printing, Industrial Printing, Thermal, and Others. The stock is listed on the Tokyo Stock Exchange. Price chart formed a 5 month-long rectangle with several times tested boundaries. The pattern can act as a bottom reversal. A daily close above 1,442 levels will confirm the bottom reversal with the price target of 1,540 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)

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)