Entries by Aksel Kibar

GLOBAL EQUITY MARKETS – May 11, 2019

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REVIEW

The benchmark for Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) experienced a sharp pullback from the strong resistance at 74.8 levels. Pullback found support around the 200-day moving average at 71 levels. What could be next for the Global equity benchmark? One option is a new trading range between 71 and 74.8, similar to what the benchmark experienced in the first half of 2018. A consolidation between the long-term average and the horizontal resistance at 74.8. The other option is the continuation of the correction with a breach below the long-term average. As long as the index manages to hold above the long-term average, I will continue to view the price action as positive. Short-term support is at 71 and the resistance is at 74.8 levels.

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RECTANGLE CHART PATTERNS – DUBAI SEMINAR

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Around this time last year, I was one of the presenters at the Dubai Trader’s Summit organized by MetaStock. I discussed several classical chart patterns. The even was not recorded. I created several educational videos to share with Tech Charts members and followers who didn’t have the chance to attend the event. Below is one […]

GLOBAL EQUITY MARKETS – May 4, 2019

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REVIEW

The benchmark for the Global equity markets, the iShares MSCI All Country World Index ETF (ACWI.O), continues to remain around the strong resistance at 74.8 levels. The long-term 200-day moving average stands at 71 levels. There is no clear short-term chart pattern that would indicate a continuation of the existing uptrend. Price remains above the long-term average and such technical condition suggests the ETF is in an uptrend. If there is a pullback from the short-term resistance at 74.8 levels, the 200-day moving average is likely to act as support.

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HSBC HOLDINGS PLC (0005.HK)

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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 a review section that highlights the important chart developments on global equity benchmarks. This blog post features from the watchlist section HSBC HOLDINGS PLC, listed on the Hong Kong Stock Exchange.

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GLOBAL EQUITY MARKETS – April 27, 2019

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O), found resistance at the important horizontal resistance at 74.8 levels. Given the magnitude of the strong rebound and the steady rise without any pullback, one can't rule out the possibility of a breather/pause around the resistance at 74.8 levels. If we see a pullback, the 200-day moving average which is currently at 70.8 levels can act as support.

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Inverse Head & Shoulder and Head & Shoulder Continuation – April 2019 Tech Charts Webinar

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Inverse Head & Shoulder and Head & Shoulder Continuation - April 2019 Tech Charts Webinar

  • We will review some of those chart pattern breakouts that were featured in the Global Equity Markets report.
  • We will review some of the qualities we look for when identifying and differentiating H&S bottom and H&S continuation
  • We will look at some of the developing bullish continuation chart patterns
  • We will continue to highlight Tech Charts members favorite chart pattern setups in different equity markets.
  • Live questions from Members

Live questions from Members  

  1. Can we look at palladium, does recent price action indicate a topping pattern? 47:03
  2. Any thoughts on CVS? 48:07
  3. Can you talk about 285 in HK? My question is — the last nights close is 3% above the boundary, but it's also a candle with big upper wick. How do you handle an entry like this? 48:24
  4. Could you please address where you place stop losses? Do you use trailing stops? If so, how? 50:00 Link mentioned ATR Trailing Stop-Loss – H&S Top
  5. Peter seems to use just about any dipping movement as a right shoulder. Do you have conditions, strict or otherwise, as what counts as a valid right shoulder? 50:33
  6. In the continuation pattern, if we compare H&S to cup and handle, which one has better success rate in your experience? 51:46 
  7. Do you have any statistics as to the percentage of times H&S continuation patterns work? 53:35
  8. In H&S continuation pattern, do you ignore 200 Day MA totally? Some of them I noticed are really far above the long term moving average. Is that a concern? 54:49
  9. Do you regard H&S failure patterns as a valid tradeable pattern? 55:42
  10. With Peter Brandt’s retirement announced (April 2020), can you consider covering futures and commodities? Please. 56:59 
  11. While you are drawing boundary lines are you relaying more on candlestick close or candlestick high (on body or on wick)?  Is this discretionary and changes on pattern to pattern basis? Do you have some kind of method behind how you draw boundaries? 57:26
  12. When after breakout, a pullback below boundary, how long do you stick with it? All the way to failure point? Half way there? Do you study what % recover from a deep pullback below breakout? 58:40 
  13. Does pairs (ratio) charts can be followed and traded using the same classical patterns outlined here? 1:00:36
  14. Can you buy Singapore and Spanish indices via ETF? Futures? 1:01:33
  15. 200 Moving Average on your charts is 200 period Exponential Moving Average? Always 200 periods (200 weeks on weekly and 200 days on daily) or always 200 DAYS EMA on every timeframe? 1:02:21 
  16. Do you verify LT moving average on daily chart? Are you using the 200MA on daily chart 1:02:57 Link mentioned Moving Averages
  17. Could you discuss the significance of the divergence between SPX and the Russell 2000 - negative divergence (Russell underperforming)? 1:03:38
  18. Observations on RCI H&S setup? 1:04:52
  19. Do you have any observations on the use of options as a tactic to trade breakouts? 1:05:31
  20. By "Moving Average" is that the Simple Moving Average, or something else?1:05:44 Link mentioned Moving Averages

Recorded live 4.18.2019 

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IMMOFINANZ AG (IMFI.VI)

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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 – April 20, 2019

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O), is now very close to a horizontal resistance at 74.8 levels. Given the magnitude of the strong rebound and the steady rise without any pullback, one can't rule out the possibility of a breather/pause around the resistance at 74.8 levels. If we see a pullback, the 200-day moving average which is currently at 70.6 levels can act as support.

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DISCUSSING INDIA FINANCIAL MARKETS

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I discussed some of the important charts I've been following in India equity, FX and bond markets. India has been outperforming the Emerging Markets. With the index pushing to all-time highs, we can expect similar strength to continue. Below you can find my interview on ET Now and also the charts I discussed during the interview.

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GLOBAL EQUITY MARKETS – April 13, 2019

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is now close to a horizontal resistance at 74.8 levels. The ETF had a strong rebound from 63 levels. The V-bottom reversal was followed by the ETF clearing its long-term moving average in February. Since then the ACWI ETF has been trending above its long-term average. I consider price action above the long-term average as positive and classify it as an uptrend. Though it is important to note that, last few month's price action has been steep and such steep advances are not sustainable. During any setback the long-term moving average at 70.45 levels will act as support. Short-term resistance stands at 74.8 levels.

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