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ISHARES 20 YEAR TREASURY BOND ETF (TLT.O)

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 watchlist section of the weekly report. It is featuring a rectangle chart pattern on The iShares 20+ Year Treasury Bond ETF.

ISHARES 20 YEAR TREASURY BOND ETF (TLT.O)

The iShares 20+ Year Treasury Bond ETF seeks to track the investment results of an index composed of U.S. Treasury bonds with remaining maturities greater than twenty years. The ETF is listed on the Nasdaq Stock Exchange. Price chart formed a 3 month-long rectangle with the horizontal boundary acting as strong resistance at 109.00 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 112.00 levels will confirm the breakout from the 3 month-long rectangle with the possible chart pattern price target of 119.00 levels.

 


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