Entries by Aksel Kibar

INTERIM UPDATE – November 29, 2019

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Dear Tech Charts members,

As mentioned in our previous communications I've been working on bringing more short-term chart pattern setups into your attention from the Global equity markets. In doing so I'm paying close attention to have liquid names. Tech Charts Global Equity markets report featured mostly chart pattern in duration between 4 months - 24 months. We are now focusing as well on chart patterns in duration between 2 months - 4 months featured on daily scale. I will continue to bring those opportunities either via Interim Updates or the weekly Global Equity Markets report. Below are 3 additions to Tech Charts watchlist that may experience breakouts in the last trading day of the week even though it will be a short session. These charts will also be included in the weekly update.

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GLOBAL EQUITY MARKETS – November 23, 2019

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) continued to trade close to the resistance level at 77.5 levels. The ETF found short-term resistance around 77.5 levels. The 5 month-long rectangle price target stands at 79.6 levels. Breakout above the minor resistance can push the ETF towards the price target at 79.6. Both the daily and weekly price charts show a steady uptrend. 74.8 levels will act as support during any pullback.

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REAL VISION – TECHNICAL TRADER

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Dear Tech Charts followers, I reviewed some of the exciting chart pattern setups in Global Equity Markets for Real Vision – Technical Trader section. You can watch the recording by following the link below. I hope you enjoy it. https://www.realvision.com/the-power-of-classical-charting-patterns Regards, Aksel Kibar, CMT   Tech Charts Membership By becoming a Premium Member, you’ll be […]

GLOBAL EQUITY MARKETS – November 16, 2019

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) remained strong and close to the resistance level at 77.5 levels. The ETF found short-term resistance around 77.5 levels. The 5 month-long rectangle price target stands at 79.6 levels. Breakout above the minor resistance can push the ETF towards the price target at 79.6. Both the daily and weekly price charts show a steady uptrend. 74.8 levels will act as support during any pullback.

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GERMANY MDAX and S&P SPDR 600 ETF

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Every week Tech Charts Global Equity Markets report features some of the well-defined, mature classical chart patterns under a lengthy watchlist and the chart pattern breakout signals that took place during that week. Global Equity Markets report covers single stocks from developed, emerging and frontier markets, ETF’s and global equity indices. The report starts with […]

GLOBAL EQUITY MARKETS – November 9, 2019

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) continued higher after breaking out from the 5 month-long rectangle. While the long-term chart pattern can be identified as a H&S continuation and has a much higher price objective the short-term chart pattern is possibly a rectangle and the short-term price target stands at 79.6 levels. This week's price action found resistance at the minor high that stands at 77.5 levels. The ETF might find short-term resistance around 77.5 levels. 74.8 levels will act as support during any pullback.

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MICROCHIP TECHNOLOGY INC (MCHP.O)

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Every week Tech Charts Global Equity Markets report features some of the well-defined, mature classical chart patterns under a lengthy watchlist and the chart pattern breakout signals that took place during that week. Global Equity Markets report covers single stocks from developed, emerging and frontier markets, ETF’s and global equity indices. The report starts with […]

GLOBAL EQUITY MARKETS – November 2, 2019

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) confirmed the breakout from the 5 month-long rectangle. While the long-term chart pattern can be identified as a H&S continuation and has a much higher price objective the short-term chart pattern is possibly a rectangle and the short-term price target stands at 79.6 levels. There is another hurdle that the ACWI ETF needs to overcome before reaching all-time highs and that is the minor high that stands at 77.5 levels. The ETF might find short-term resistance around 77.5 levels. 74.8 levels will act as support.

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JD.COM INC (JD.O)

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Every week Tech Charts Global Equity Markets report features some of the well-defined, mature classical chart patterns under a lengthy watchlist and the chart pattern breakout signals that took place during that week. Global Equity Markets report covers single stocks from developed, emerging and frontier markets, ETF’s and global equity indices. The report starts with […]