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H&S TOP OR A FAILURE? [22]

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 Trillium Therapeutics Inc.

TRILLIUM THERAPEUTICS INC (TRIL.O)

Trillium Therapeutics Inc is a Canada-based clinical stage immuno-oncology company developing therapies for the treatment of cancer. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 5 month-long head and shoulder top with the horizontal boundary (neckline) acting as strong support at 11.75 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close below 11.40 levels will confirm the breakdown from the 5 month-long head and shoulder top with the possible chart pattern price target of 7.16 levels. I’m also monitoring this chart pattern for a possible H&S failure. A breach above the right shoulder is required for the pattern negation and acting on this from the long side. 15.9 is the chart pattern negation level. (Learn more: Video Tutorial [24]) (Data as of Feb 24, 2021)

 

Short educational video on H&S top failure

 


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As a Premium Member of Aksel Kibar’s Tech Charts,

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[25]

U.S. 10 YEAR T-NOTE & TNX [25]

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 review section U.S. 10 Year Government Bonds and the U.S. 10 Year Yield Index (TNX).

U.S. 10 YEAR T-NOTE

The U.S. 10 Year T-Note broke down the support at 137.2 levels. Last 8 month’s price action can be identified as a possible rectangle. Breakdown not only breached the horizontal support but also the 200-day average. Given the extreme low volatility conditions, I expect a strong directional move very soon. Possible chart pattern price target (rectangle reversal) stands at 134.25 levels. The 200-day average and the horizontal boundary at 137.2 levels is acting as resistance. (Data as of Feb 16, 2021)

[27]

U.S. 10 YEAR TREASURY YIELD INDEX (TNX)

The chart below is the 10 Year U.S. Treasury Yiled Index. The index after forming a short-term ascending triangle, broke out of both a long-term base and the bullish ascending triangle. Breakout took place at 9.8 levels which acted as the support level. If yields completed a multi-month long rectangle reversal, chart pattern price target will be 14. A minor resistance stands at 12.7 levels. Uptrend is intact. (Data as of Feb 16, 2021)

[28]


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 [9]

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 [9]

[29]

ASCENDING TRIANGLE – NVIDIA CORP (NVDA.O) [29]

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 Nvidia Corporation on the Nasdaq Stock Exchange.

NVIDIA CORP (NVDA.O)

Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 4 month-long ascending triangle with the horizontal boundary acting as strong resistance at 582 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 600 levels will confirm the breakout from the 4 month-long ascending triangle with the possible chart pattern price target of 695 levels. (Data as of Feb 8, 2021)


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 [9]

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 [9]

[31]

SYMMETRICAL TRIANGLE – AMAZON.COM INC [31]

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 Amazon.com, Inc. on the Nasdaq Stock Exchange.

AMAZON.COM INC (AMZN.OQ) – new addition to watchlist

Amazon.com, Inc. offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. It also manufactures and sells electronic devices. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 5 month-long symmetrical triangle with the upper boundary acting as strong resistance at 3,350.00 levels. The upper boundary was tested several times over the course of the chart pattern. A daily close above 3,450.00 levels will confirm the breakout from the 5 month-long symmetrical triangle with the possible chart pattern price target of 4,000.00 levels. (Data as of Feb 1, 2021)

A SHORT VIDEO ON SYMMETRICAL TRIANGLES


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 [9]

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 [9]