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 2 head and shoulder top chart patterns from Developed and Emerging market equities.
INTERSECT ENT INC (XENT.O)
Intersect ENT, Inc. is a commercial-stage drug-device company. The Company develops drugs for patients with ear, nose and throat (ENT) conditions. The stock is listed on the Nasdaq Stock Exchange. Price chart formed an 18 month-long H&S top reversal with the horizontal boundary (neckline) acting as strong support at 26.4 levels. The horizontal boundary was tested several times over the course of the chart pattern. The right shoulder of the 18 month-long H&S top can be identified as a 4 month-long rectangle that can act as a launching pattern. A daily close below 25.5 levels will confirm the breakdown from the 18 month-long H&S top reversal with the possible chart pattern price target of 17 levels.
KIATNAKIN BANK PCL (KKP.BK)
Kiatnakin Bank Public Company Limited is a Thailand-based commercial bank. The Bank operates three business segments: commercial banking, capital market business and the debt restructuring segment. The stock is listed on the Thailand Stock Exchange. Price chart formed a 20 month-long head and shoulder top with the horizontal boundary acting as strong support at 66 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close below 64 levels will confirm the breakdown from the 20 month-long head and shoulder top with the possible chart pattern price target of 52 levels.
Tech Charts Membership
By becoming a Premium Member, you’ll be able to improve your knowledge of the principles of classical charting.
With this knowledge, you can merge them with your investing system. In fact, some investors use my analyses to modify their existing style to invest more efficiently and successfully.
As a Premium Member of Aksel Kibar’s Tech Charts,
You will receive:
Global Equities Report. Delivered weekly.
Classical charting principles. Learn patterns and setups.
Actionable information. Worldwide indices and stocks of interest.
Risk management advice. The important trading points of each chart.
Information on breakout opportunities. Identify the ones you want to take action on.
Video tutorials. How patterns form and why they succeed or fail.
Watch list alerts. As they become available so you can act quickly.
Breakout alerts. Usually once a week.
Access to everything (now and as it becomes available)o Reports
o Videos and video series
Multi-part webinar course. You learn the 8 most common charting principles.
Webinars. Actionable and timely advice on breaking out chart patterns.
For your convenience your membership auto renews each year.