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 […]
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 that may experience breakouts over the next few trading days. These charts will also be included in the weekly update. (Data as of August 25, 2002, CET 13:05 PM)
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) resumed its uptrend. Last three month's price action can be identified as a rising channel. Price is trying to remain inside the trend channel and so far the price remained above the 200-day average. Uptrend is intact. The 200-day moving average is forming support at 74 levels. Breakdown below the lower boundary of possible trend channel can result in a pullback towards the 200-day average at 74 levels. Volatility is low and we can expect another trend period soon. If it is a correction with the breakdown of the trend channel, it should develop fast, towards 74 levels. Pre-pandemic high stands at 82 levels, which is the next important resistance.
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 […]
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 that may experience breakouts over the next two days. These charts will also be included in the weekly update. (Data as of August 19, 2002, CET 21:00 PM)
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) resumed its uptrend. Last three month's price action can be identified as a rising channel. Price is trying to remain inside the trend channel and so far the price remained above the 200-day average. Uptrend is intact. The 200-day moving average is forming support at 73.7 levels. Breakdown below the lower boundary of possible trend channel can result in a pullback towards the 200-day average at 73.7 levels. Volatility is low and we can expect another trend period soon. If it is a correction with the breakdown of the trend channel, it should develop fast, towards 73.7 levels. Pre-pandemic high stands at 82 levels, which is the next important resistance.
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) cleared its short-term consolidation on the upside. Last three month's price action can be identified as a rising channel. Price is trying to remain inside the trend channel and so far the price remained above the 200-day average. Uptrend is intact. The 200-day moving average is forming support at 73.3 levels. Breakdown below the lower boundary of possible trend channel can result in a pullback towards the 200-day average at 73.3 levels. Volatility is low and we can expect another trend period soon. If it is a correction with the breakdown of the trend channel, it should develop fast, towards 73.3 levels. Pre-pandemic high stands at 82 levels, which is the next important resistance.
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is consolidating near its minor high at 77.4 levels. Last three month's price action can be identified as a rising channel. Price is trying to remain inside the trend channel and so far the price remained above the 200-day average. 77.4 levels acted as short-term resistance. Uptrend is intact. The 200-day moving average is forming support at 73.1 levels. Breakdown below the lower boundary of possible trend channel can result in a pullback towards the 200-day average at 73.1 levels. Volatility is low and we can expect another trend period soon. If it is a correction with the breakdown of the trend channel, it should develop fast, towards 73.1 levels. Pre-pandemic high stands at 82 levels, which is the next important resistance.
Dear Tech Charts Members,
Due to several reasons (size, end of month expanded review including more markets etc.) this week's report will be sent out in two separate communications. Below includes the Breakout Alerts and Watchlist. Later in the day I will send out a comprehensive review of Global Markets. An e-mail will be sent out once the Review section of the report is uploaded to website.
