The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) held on to its gains after completing a possible rectangle chart pattern. Breakout took place above 84.15, the upper boundary of the rectangle which is now a short-term support. Possible chart pattern price target stands at 91 levels. During any pullback 84.15 will act as support.
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 […]
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) completed the short-term consolidation, possibly a bullish rectangle, on the upside . Breakout took place with a gap opening. Following the breakout the price pulled back to the support at 84.15 levels and rebounded. Price objective for the rectangle stands at 91 levels. During any pullback 84.15 will act as support.
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 […]
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) rebounded from strong support area formed by the minor low and the 200-day average. The ETF is now testing previous highs at 84.15 levels that is acting as resistance. I'm weighing the possibility of the last 2 month's consolidation acting as a bullish continuation chart pattern. While a breakout might not take place immediately, a breach and a daily close above 84.15 will suggest higher levels, possibly a chart pattern price objective at 91 levels. Until a breakout takes place, the ETF can remain range-bound between 77 and 84.15 levels.
I start my research on Mondays and finalize by end of day Thursday. Friday is dedicated to putting all ideas to the report format. During the week I come across good setups and those are featured in the weekly report. However, there are those that pop during the week and is worth bringing to your attention before the week finalizes. Below are latest additions to Tech Charts watchlist in case they experience breakouts in the last day of the week. These charts will also be included in the weekly update.
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 […]
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) resumed its correction after finding resistance at 84.15 levels, the minor high. The uptrend on Global equities is intact and ACWI ETF continues to trend higher above its 200-day average which is acting as support at 76.7 levels. Global equities are searching for direction in the short-term. Price is at an important inflection point. Last 2 month's consolidation between 84.15 and 76.7 levels can act as Read More
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 […]
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) found support at 82 levels, Jan-Feb 2020 highs. The uptrend on Global equities is intact and ACWI ETF continues to trend higher above its 200-day average which is acting as support at 76.6 levels. Global equities are searching for direction in the short-term. There is a possibility of a cup & handle continuation chart pattern forming on the ETF with the handle part being in progress. 84.15 continues to act as resistance.
