SPAREBANK 1 SMN (MING.OL)

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 SPAREBANK 1 SMN, listed on the Oslo Stock Exchange. Blog post is followed by a short educational video on Ascending Triangle that acts as a bullish continuation chart pattern.

SPAREBANK 1 SMN (MING.OL)

SpareBank 1 SMN (the Bank) is a Norway-based regional bank. It is engaged in the provision of both banking and financial products and services to individual and corporate customers. The stock is listed on the Oslo Stock Exchange. Price chart formed a year-long ascending triangle with the horizontal boundary acting as strong resistance at 92.50 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 95.30 levels will confirm the breakout from the year-long ascending triangle with the possible chart pattern price target of 107.90 levels. Breakout can push the stock to all-time highs. Price data as of 06/03/2019, 17:40 CET

A short educational video on Ascending Triangle as a bullish continuation chart pattern

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.

Get Access Now

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.