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, select commodities, cryptocurrencies and global equity indices. Below chart is from the breakout alerts section of the weekly report. It is featuring a rectangle continuation chart pattern completing on Sanmina Corporation listed on the Nasdaq Stock Exchange.
SANMINA CORP (SANM.O)
Sanmina Corporation is a provider of integrated manufacturing solutions, components, products and repair, logistics and after-market services. The Company provides these offerings to original equipment manufacturers (OEMs) that serves the industrial, medical, defense and aerospace, automotive, communications networks and cloud solutions industries. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 13 month-long rectangle with the horizontal boundary acting as strong resistance at 43.20 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 44.50 levels confirmed the breakout from the 13 month-long rectangle with the possible chart pattern price target of 50.60 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.
Get Access Now [1]
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.
Get Access Now [1]