Entries by Aksel Kibar

GLOBAL EQUITY MARKETS – September 29, 2018

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REVIEW

On Tuesday we had our members webinar and we discussed symmetrical triangles. We received very positive feedback from our members. A recorded version of the webinar will be uploaded on the website for our premium members. We will inform you via e-mail when it is on the Tech Charts website. During the Q&A section one of our members brought to my attention the possibility of labeling the symmetrical triangle chart pattern on the iShares MSCI All Country World Index ETF (ACWI.O) as an ascending triangle. Ascending triangle has a bullish bias when compared with a symmetrical triangle. Given that the price respected the horizontal resistance at 74.8, I labelled the chart below with the ascending triangle interpretation. It is important to note that Global equities performance as measured by the iShares MSCI All Country World Index ETF is going through an extreme low volatility period. Usually these type of low volatility periods are followed by strong directional movement. Price for the ACWI is still trading in a tight range between 70.8 and 74.8.

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CROSS-LISTED SECURITIES

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Cross listing of shares is when a firm lists its equity shares on one or more foreign stock exchange in addition to its domestic exchange. Many companies cross-list, in which the stock is technically fungible between exchanges. Prices are subject to local market conditions, as well as FX fluctuations and are not kept in perfect parity between markets. Generally such a company's primary listing is on a stock exchange in its country of incorporation, and its secondary listing(s) is/are on an exchange in another country. Cross-listing is especially common for companies that started out in a small market but grew into a larger market.

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GLOBAL EQUITY MARKETS – September 22, 2018

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Reminder on Live Webinar

We are continuing our Member webinar series with another classical chart pattern; the symmetrical triangle. Live Webinar and Q&A with Aksel - Tuesday, September 25, 11am mountain. You can register here (Register for the Live Webinar)

REVIEW

Global equity markets performance as measured by the iShares MSCI All Country World Index ETF (ACWI.O) made another attempt this week to break out of its multi-month long sideways consolidations. The weekly close was at the high of the weekly candlestick. This week's price action is possibly a "secondary completion" of the symmetrical triangle chart pattern. Follow through in the following week can resume uptrend towards 2018 high levels.

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Live Webinar and Q&A with Aksel – Tuesday, September 25, 11am mountain

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Dear Tech Charts Members,

(Register below)

We are continuing our Member webinar series with another classical chart pattern; the symmetrical triangle. Symmetrical triangle is a chart pattern with diagonal boundaries and it is a neutral chart pattern. It can form as a reversal as well as a continuation chart pattern. A symmetrical triangle forms due to the indecision between buyers and sellers. Over the past couple of months the Global Equity Markets report has featured great chart setups that were identified as well-defined symmetrical triangles.

Scheduled for: Tuesday, September 25th at 11am MST (register below)

The upcoming webinar is dedicated to a thorough discussion on this popular diagonal chart pattern.

  • We will review some of those chart pattern breakouts that were featured in the Global Equity Markets report.
  • We will review some of the failed breakouts and try to analyze what differentiates a successful breakout from a failed breakout.
  • We will look at some of the developing symmetrical triangle chart pattern setups.
  • We will continue to highlight Tech Charts members favorite symmetrical triangle setups in different equity markets. I would like to discuss and share some of the best classical chart patterns that members identified or those charts that members might have questions about.
  • As usual we will have a member Q&A at the end of the webinar.

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SOUTH32 LTD (S32J.J)

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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 an head and shoulder continuation chart pattern on South32 LTD listed on the Johannesburg Stock Exchange.

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GLOBAL EQUITY MARKETS – September 15, 2018

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REVIEW

The iShares MSCI All Country World Index ETF (ACWI.O) rebounded from its long-term 200-day average and made another attempt to breakout above the upper boundary of its 6 month-long symmetrical triangle. Friday's close was around the upper boundary of the multi-month long sideways consolidation. In the last week of August the ACWI ETF breached the upper boundary but failed to trend higher. Renewed strength can help the iShares MSCI All Country World Index ETF breakout from the 6 month-long symmetrical triangle.

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A REVIEW ON ASIAN EQUITY BENCHMARKS

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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 – September 8, 2018

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REVIEW

Strength in U.S. equities alone was not enough to push the iShares MSCI All Country World Index ETF (ACWI.O) out of its 6 month-long consolidation range. Few days of price action above the chart pattern boundary at 73.9 levels failed to materialize into a strong directional movement. The ETF continues to remain in a range between 70.6 and 73.9 levels. Strong support stands at 70.6 levels.

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GLOBAL EQUITY MARKETS – September 1, 2018

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REVIEW

The iShares MSCI All Country World Index ETF (ACWI.O) breached the upper boundary of its 6 month-long symmetrical triangle. The upper boundary is acting as resistance at 73.9 levels. The jury is still out. We need to see a follow through in the following week to call for a breakout from the lengthy sideways consolidation. This week's price action can be a premature breakout that can be followed by a secondary completion. More on: Premature & False breakouts

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SCIENCE APPLICATIONS INTL. – H&S CONTINUATION

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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 an head and shoulder continuation chart pattern on Science Application International Corp. listed on the New York Stock Exchange.

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