CHART PATTERN BREAKOUT SIGNALS

GLOBAL EQUITY MARKETS - December 8, 2018

CROWN CASTLE INTERNATIONAL CORP (CCI)

Crown Castle International Corp. is a real estate investment trust, which owns, operates and leases shared wireless infrastructure that is geographically dispersed throughout the United States and Puerto Rico. The Company’s segments include towers and small cells. The stock is listed on the New York Stock Exchange. Price chart formed a year-long rectangle with the horizontal boundary acting as strong resistance at 114.75 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 117 levels confirmed the breakout from the year-long rectangle with the possible chart pattern price target of 128.5 levels. (Learn more: Video Tutorial)

GLOBAL EQUITY MARKETS - December 1, 2018

BIOSCRIP INC (BIOS.O)

BioScrip, Inc. is engaged in providing infusion solutions. The Company partners with physicians, hospital systems, skilled nursing facilities, healthcare payers and pharmaceutical manufacturers to provide patients access to post-acute care services. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 14 month-long ascending triangle with the horizontal boundary acting as strong resistance at 3.25 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 3.35 levels confirmed the breakout from the year-long ascending triangle chart pattern with the possible price target of 4.50 levels. (Learn more: Video Tutorial)

UNITED TRACTORS TBK PT (UNTR.JK)

PT United Tractors Tbk is an Indonesia-based company primarily engaged in the provision of mining contracting. Major business activities of the Company and its subsidiaries are categorized into four segments: Construction machinery, Mining contracting, Coal mining and Construction industry. The stock is listed on the Jakarta Stock Exchange. Price chart formed an 11 month-long descending triangle with the horizontal boundary acting as strong support at 30.9 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close below 29.9 levels confirmed the breakdown from the 11 month-long descending triangle with the possible chart pattern price target of 23.9 levels. (Learn more: Video Tutorial)

GLOBAL EQUITY MARKETS - November 10, 2018

MYCRONIC AB (PUBL) (MYCR.ST)

Mycronic AB (publ), formerly Micronic Mydata publ AB, is a Sweden-based company active in the electronics industry. The stock is listed on the Stockholm Stock Exchange. Price chart formed a 2 year-long head and shoulder continuation chart pattern with the horizontal boundary acting as strong resistance at 113 levels. The right shoulder of the long-term bullish continuation chart pattern can be identified as a possible symmetrical triangle. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 118 levels confirmed the breakout from the 2 year-long head and shoulder continuation with the possible chart pattern price target of 152 levels. (Learn more: Video Tutorial)

ODFJELL DRILLING LTD (ODLL.OL)

Odfjell Drilling Ltd. (Odfjell Drilling) is an integrated offshore drilling and oil service company. The Company operates through three segments: Mobile Offshore Drilling Units (MODU), Drilling & Technology, and Well Services. The stock is listed on the Oslo Stock Exchange. Price chart formed a year-long rectangle with the upper boundary acting as strong resistance at 39.70 levels and the lower boundary as support at 30.6 levels. Over the past year the stock tested both boundaries several times. The daily close below 29.3 levels confirmed the rectangle chart pattern as a top reversal with the possible price target of 23.3 levels. (Learn more: Video Tutorial)

AUSDRILL LTD (ASL.AX)

Ausdrill Limited is an exploration and production drilling company. The stock is listed on the Australia Stock Exchange. Price chart formed a 4 month-long rectangle with the horizontal boundary acting as strong support at 1.55 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close below 1.50 levels confirmed the breakdown from the 4 month-long rectangle with the possible chart pattern price target of 1.22 levels. (Learn more: Video Tutorial)

 

GLOBAL EQUITY MARKETS - November 3, 2018

VITROLIFE AB (VITR.ST)

Vitrolife AB is a Sweden-based company engaged in assisted reproduction services. The stock is listed on the Stockholm Stock Exchange. Price chart formed a 15 month-long rectangle with the horizontal boundary acting as strong resistance at 142.5 levels. Price tested both boundaries several times over the course of the chart pattern. This week’s rebound once again pushed the price towards the upper boundary. The daily close above 146.75 levels confirmed the breakout from the 15 month-long rectangle with the possible chart pattern price target of 173.5. Breakout pushed the stock to all-time highs. (Learn more: Video Tutorial)

GLOBAL EQUITY MARKETS - October 27, 2018

NTN CORP (6472.T)

NTN CORPORATION mainly manufactures and sells axle bearings, constant-velocity joints and precision equipment for automobile, industrial machinery and repair commercial markets. Its products include mechanical components, such as bearings, ball screws and others, as well as peripheral components such as gears and motors, sensors and others. The stock is listed on the Tokyo Stock Exchange. Price chart formed a year-long descending triangle with the horizontal boundary acting as strong support at 428 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close below 415 levels confirmed the breakdown from the year-long descending triangle with the possible chart pattern price target of 307 levels. (Learn more: Video Tutorial)

SOCIETE GENERALE SA (SOGN.PA)

Societe Generale SA is a France- based financial services company. It is engaged in retail banking, corporate and investment banking, financial services, insurance, private banking and asset management. The stock is listed on the Paris Stock Exchange. Price chart formed a 5 month-long rectangle with the horizontal boundary acting as strong support at 35 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close below 34 levels confirmed the breakdown from the 5 month-long rectangle with the possible chart pattern price target of 31.5 levels. (Learn more: Video Tutorial)

 

METLIFE INC (MET)

MetLife, Inc. is a provider of life insurance, annuities, employee benefits and asset management. The Company’s segments include U.S.; Asia; Latin America; Europe, the Middle East and Africa (EMEA); MetLife Holdings, and Corporate & Other. The stock is listed on the New York Stock Exchange. Price chart formed an 8 month-long rectangle with the horizontal boundary acting as strong support at 43.4 levels. The horizontal boundary was tested several times over the course of the chart pattern. The rectangle chart pattern is possibly the right shoulder of a 2 year-long H&S top chart pattern. Completion of the rectangle chart pattern as a bearish continuation also confirmed the breakdown of the 2 year-long H&S top. The daily close below 42.5 levels confirmed the breakdown from the 8 month-long rectangle with the possible chart pattern price target of 38.65 levels. (Learn more: Video Tutorial)

 

TEXAS INSTRUMENTS INC (TXN.O)

Texas Instruments Incorporated designs, makes and sells semiconductors to electronics designers and manufacturers across the world. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 10 month-long rectangle with the horizontal boundaries acting as strong resistance at 118.4 and strong support at 97.4 levels. The horizontal boundaries were tested several times over the course of the chart pattern. The daily close below 94.5 levels confirmed the chart pattern as a rectangle top reversal with the possible price target of 79.45 levels. (Learn more: Support & Resistance)

COLUMBUS MCKINNON CORP (CMCO.O)

Columbus McKinnon Corporation is a global designer, manufacturer and marketer of hoists, actuators, cranes, rigging tools, digital power control systems, and other material handling products serving various commercial and industrial end user markets. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 9 month-long rectangle with the horizontal boundary acting as strong support at 34.6 levels. The daily close below 33.6 levels confirmed the rectangle chart pattern as a top reversal with the possible price target of 27 levels. (Learn more: Support & Resistance)

 

GLOBAL EQUITY MARKETS - October 13, 2018

PACKAGING CORP OF AMERICA (PKG)

Packaging Corporation of America (PCA) is a producer of containerboard products and uncoated freesheet. The Company operates through three segments: Packaging, Paper, and Corporate and Other. The stock is listed on the New York Stock Exchange. Price chart formed an 11 month-long head and shoulder top with the neckline acting as support at 108.5 levels. The horizontal boundary (neckline) was tested several times over the course of the chart pattern. The daily close below 105.25 levels confirmed the breakdown from the 11 month-long head and shoulder top. Sharp sell-off during the week pulled the price to the chart pattern price target at 90.4 levels. (Learn more: Video Tutorial)

 

HERA SPA (HRA.MI)

Hera SpA is an Italy-based company engaged in the energy, environmental and water sectors. The stock is listed on the Milan Stock Exchange. Price chart formed a 16 month-long head and shoulder top with the horizontal boundary acting as strong support at 2.6 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close below 2.55 levels confirmed the breakdown from the 16 month-long head and shoulder top with the possible chart pattern price target of 2.2 levels. (Learn more: Video Tutorial)

GLOBAL EQUITY MARKETS - October 6, 2018

VALE SA (VALE.N)

Vale S.A. is a global producer of iron ore and iron ore pellets, key raw materials for steelmaking, and producer of nickel. The Company also produces copper, metallurgical and thermal coal, potash, phosphates and other fertilizer nutrients, manganese ore, ferroalloys, platinum group metals, gold, silver and cobalt. The stock is listed on the New York Stock Exchange. Price chart formed a 6 month-long symmetrical triangle with the upper boundary acting as strong resistance at 14.55 levels. The daily close above 15.0 levels confirmed the breakout from the 6 month-long symmetrical triangle with the possible chart pattern price target of 18.00 levels. Earlier the stock was featured in the breakouts section for completing the 9 month-long cup & handle bullish continuation chart pattern. This week’s candle pushed Vale S.A. to its cup & handle chart pattern price objective. (Learn more: Video Tutorial)

BOEING CO (BA)

The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The stock is listed on the New York Stock Exchange. Price chart formed a 7 month-long ascending triangle with the horizontal boundary acting as strong resistance at 371.5 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 382.5 levels confirmed the breakout from the 7 month-long ascending triangle with the possible chart pattern price target of 432.5 levels. Breakout pushed the stock to all-time highs. (Learn more: Video Tutorial)

 

MARRIOTT VACATIONS WORLDWIDE CORP (VAC)

Marriott Vacations Worldwide Corporation focuses on vacation ownership, based on number of owners, number of resorts and revenues. The Company is an exclusive worldwide developer, marketer, seller and manager of vacation ownership and related products under the Marriott Vacation Club and Grand Residences by Marriott brands. The stock is listed on the New York Stock Exchange. Price chart formed a 16 month-long head and shoulders top with the horizontal boundary (neckline) acting as strong support at 107.9 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close below 104.7 levels confirmed the breakdown from the 16 month-long head and shoulders top with the possible chart pattern price target of 77.45 levels. A breach above 126.9 levels will negate the H&S top. (Learn more: Video Tutorial)

 

SOUTH32 LTD (S32.L)

South32 Limited is a metals and mining company. The stock is listed cross-listed on Johannesburg Stock Exchange, Australia Stock Exchange and on the London Stock Exchange. The chart below features the London Stock Exchange listing. Price chart formed an 8 month-long symmetrical triangle with the upper boundary acting as resistance at 216 levels. The upper boundary was tested several times over the course of the chart pattern. The daily close above 222.5 levels confirmed the breakout from the 8 month-long symmetrical triangle with the possible chart pattern price target of 294 levels. (Learn more: Video Tutorial)

 

GLOBAL EQUITY MARKETS - September 29, 2018

COLLINS FOODS LTD (CKF.AX)

Collins Foods Limited is engaged in the operation, management and administration of restaurants. The Company operates in three segments: KFC Restaurants, Sizzler Restaurants and Shared Services. The stock is listed on the Australia Stock Exchange. Price chart formed a 20 month-long symmetrical triangle with the upper boundary acting as strong resistance at 5.83 levels. The upper boundary was tested several times over the course of the chart pattern. The daily close above 6.00 levels confirmed the breakout from the 20 month-long symmetrical triangle with the possible chart pattern price target of 7.50 levels. (Learn more: Video Tutorial)

FUJI MEDIA HOLDINGS INC (4676.T)

FUJI MEDIA HOLDINGS, INC. operates in seven business segments. The Broadcasting segment is engaged in the broadcasting of television and radio programs. The Production segment is engaged in the planning, production, broadcasting of programs, as well as the provision of technical support service. The Image and Music segment is involved in the production and sale of audio and video (AV) software, and the management of music copyrights. The Life Information segment is involved in the mail-order business and the publication of newspapers. The Advertising segment conducts advertising business. The City Development segment engages in the building leasing and real estate transactions. The Others segment is engaged in the publication business, the manpower dispatching business, the leasing of personal assets and the development of software. The stock is listed on the Tokyo Stock Exchange. Price chart formed a 7 month-long ascending triangle with the horizontal boundary acting as strong resistance at 2,015 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 2,075 levels confirmed the breakout from the 7 month-long ascending triangle with the possible chart pattern price target of 2,290 levels. The weekly close was at the chart pattern boundary. (Learn more: Video Tutorial)

 

SAKAI MOVING SERVICE CO LTD (9039.T)

Sakai Moving Service Co., Ltd. is a Japan-based company mainly engaged in the provision of automobile transportation services for moving. The Company is involved in the moving business and the provision of related services. The stock is listed on the Tokyo Stock Exchange. Price chart formed an 11 month-long symmetrical triangle with the upper boundary acting as strong resistance at 6,350 levels. The upper boundary was tested several times over the course of the chart pattern. The daily close above 6,540 levels confirmed the breakout from the 11 month-long symmetrical triangle with the possible chart pattern price target of 8,560 levels. (Learn more: Video Tutorial)

SAP SE (SAPG.DE)

SAP SE (SAP) is a software and service provider. The Company offers enterprise application software.The stock is listed on the XETRA Exchange. Price chart formed a 3 month-long ascending triangle with the horizontal boundary acting as strong resistance at 105 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 106.5 levels confirmed the breakout from the 3 month-long ascending triangle with the possible chart pattern price target of 113 levels. Breakout pushed the stock to all-time highs. (Learn more: Video Tutorial)

 

MARINUS PHARMACEUTICALS INC (MRNS.O)

Marinus Pharmaceuticals, Inc. is a clinical-stage biopharmaceutical company. The Company focuses on developing and commercializing therapeutics to treat epilepsy and neuropsychiatric disorders. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 9 month-long cup & handle continuation with the horizontal boundary acting as strong resistance at 8.70 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 9.0 levels confirmed the breakout from the 9 month-long cup & handle continuation with the possible chart pattern price target of 13.70 levels. (Learn more: Video Tutorial)

 

FATE THERAPEUTICS INC (FATE.O)

Fate Therapeutics, Inc. (Fate Therapeutics) is a clinical-stage biopharmaceutical company. The Company is engaged in development of programmed cellular immunotherapies for cancer and immune disorders. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 6 month-long rectangle with the horizontal boundary acting as strong resistance at 13.9 levels. The daily close above 14.5 levels confirmed the breakout from the 6 month-long rectangle with the possible chart pattern price target of 19.35 levels. Breakout pushed the stock to all-time highs. (Learn more: Video Tutorial)

MARATHON OIL CORP (MRO)

Marathon Oil Corporation is an exploration and production (E&P) company. The Company operates through two segments: United States E&P and International E&P. The United States E&P segment explores for, produces and markets crude oil and condensate, natural gas liquids (NGLs) and natural gas in the United States. The International E&P segment explores for, produces and markets crude oil and condensate, NGLs and natural gas outside of the United States, and produces and markets products manufactured from natural gas, such as liquefied natural gas (LNG) and methanol, in Equatorial Guinea (E.G.). The stock is listed on the New York Stock Exchange. Price chart formed a 3 month-long flag with the upper boundary acting as strong resistance at 22 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 22.65 levels confirmed the breakout from the 3 month-long flag (or rectangle) with the possible chart pattern price target of 28.4 levels. (Learn more: Flag as a measuring pattern)

 

GLOBAL EQUITY MARKETS - September 22, 2018

AUSTAL LTD (ASB.AX)

Austal Limited is engaged in designing, manufacturing and supporting vessels. The Company operates through three segments: Australia, USA and Philippines. The stock is listed on the Australia Stock Exchange. Price chart formed a 20 month-long rectangle with the horizontal boundary acting as strong resistance at 1.93 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 1.98 levels confirmed the breakout from the 20 month-long rectangle with the possible chart pattern price target of 2.32 levels. (Learn more: Video Tutorial)

 

AICA KOGYO CO LTD (4206.T)

Aica Kogyo Company, Limited is a manufacturing company. The Company operates in three business segments. The Chemical Product segment offers interior and exterior finishing materials, flooring materials, adhesives and organic solids. The Construction Material segment offers melamine facing plates and coated plywood boards. The Housing Construction Material and Equipment segment offers doors, interior materials, counters and nonflammable dressed lumbers. The Company operates its business within domestic and to overseas markets. The stock is listed on the Tokyo Stock Exchange. Price chart formed an 8 month-long symmetrical triangle with the upper boundary acting as strong resistance at 4,200 levels. The upper boundary was tested several times over the course of the chart pattern. The daily close above 4,325 levels confirmed the breakout from the 8 month-long symmetrical triangle with the possible chart pattern price target of 4,850 levels. (Learn more: Video Tutorial)

 

RATCHTHANI LEASING PCL (THANI.BK)

Ratchthani Leasing Public Company Limited is a Thailand-based company engaged in the provision of hire purchase and leasing services. The Company provides hire purchase services for financing of pre-owned vehicles, including personal cars and commercial vehicles, such as pickup trucks, taxis, motorcycles, trailers and trucks. The stock is listed on the Stock Exchange of Thailand. Price chart formed a 9 month-long symmetrical triangle with the upper boundary acting as strong resistance at 8.22 levels. The daily close above 8.50 levels confirmed the breakout from the 9 month-long symmetrical triangle with the possible chart pattern price target of 10.40 levels. (Learn more: Video Tutorial)

SPIRENT COMMUNICATIONS PLC (SPT.L)

Spirent Communications plc enables service provider networks, data centers, enterprise information technology (IT), mobile communications, connected vehicles or the Internet of Things to communicate and collaborate. The Company’s segments include Networks & Applications, Wireless & Service Positioning and Service Assurance. The stock is listed on the London Stock Exchange. Price chart formed a 13 month-long H&S continuation with the horizontal boundary acting as strong resistance at 126 levels. One can identify the completed chart pattern as a possible cup & handle continuation. Both the H&S continuation and Cup & handle continuation will signal same price objective. The right shoulder of the H&S continuation can be identified as a possible 5 month-long rectangle. Rectangle is possibly acting as a launching pattern. The daily close above 130 levels confirmed the breakout from the 13 month-long H&S continuation with the possible chart pattern price target of 163 levels. (Learn more: Video Tutorial)

 

DANAHER CORP (DHR)

Danaher Corporation (Danaher) designs, manufactures and markets professional, medical, industrial and commercial products and services. The Company operates through four segments: Life Sciences, which offers a range of research tools that scientists use to study the basic building blocks of life, including genes, proteins, metabolites and cells, in order to understand the causes of disease, identify new therapies and test new drugs and vaccines; Diagnostics; which offers analytical instruments, reagents, consumables, software and services; Dental, which provides products that are used to diagnose, treat and prevent disease and ailments of the teeth, gums and supporting bone, and Environmental & Applied Solutions, which consists of various lines of business, including water quality and product identification. The stock is listed on the New York Stock Exchange. Price chart formed a 7 month-long ascending triangle with the horizontal boundary acting as strong resistance at 104.3 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 107.5 levels confirmed the breakout from the 7 month-long ascending triangle with the possible chart pattern price target of 116 levels. (Learn more: Video Tutorial)

 

INTERXION HOLDING NV (INXN.K)

InterXion Holding N.V. is a provider of carrier and cloud neutral colocation data center services in Europe. The Company operates through two segments: France, Germany, The Netherlands and UK, and rest of Europe, which consists of its operations in Austria, Belgium, Denmark, Ireland, Spain, Sweden and Switzerland. The stock is listed on the New York Stock Exchange. Price chart formed a 4 month-long rectangle with the horizontal boundary acting as strong resistance at 66.3 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 67.6 levels confirmed the breakout from the 4 month-long rectangle with the possible chart pattern price target of 71.3 levels. (Learn more: Video Tutorial)

 

GLOBAL EQUITY MARKETS - September 15, 2018

ROCKWELL COLLINS INC (COL)

Rockwell Collins, Inc. designs, produces and supports communications and aviation systems for commercial and military customers. The Company provides information management services through voice and data communication networks and solutions across the world. The Company operates through three segments: Commercial Systems, Government Systems and Information Management Services. The stock is listed on the New York Stock Exchange. Price chart formed an 8 month-long rectangle  with the horizontal boundary acting as strong resistance at 139 levels. A possible 3 month-long ascending triangle can be identified as part of the rectangle chart pattern. Bullish ascending triangle is possibly acting as a launching pattern. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 141 levels confirmed the breakout from the 8 month-long rectangle with the possible chart pattern price target of 146.7 levels. Breakout pushed the stock to all-time highs. (Learn more: Video Tutorial)

FRAPORT AG FRANKFURT AIRPORT SERVICES WORLDWIDE (FRAG.DE)

Fraport AG Frankfurt Airport Services Worldwide is a Germany-based airport services provider and owner and operator of airports. The Company operates through four segments: Aviation, Retail and Real Estate, Ground Handling and External Activities and Services. The stock is listed on the Frankfurt Stock Exchange. Price chart formed a year-long head and shoulder top with the horizontal boundary acting as strong support at 78.0 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close below 75.60 levels confirmed the breakdown from the year-long head and shoulder top with the possible chart pattern price target of 63.5 levels. 87 levels, the high for the right shoulder, will act as the chart pattern negation level. A breach of 87 will put the bearish interpretation in question and will suggest higher levels. (Learn more: Video Tutorial)

 

SOUTH32 LTD (S32J.J)

South32 Limited is a metals and mining company. The stock is listed on the Johannesburg Stock Exchange. Price chart formed a 9 month-long head and shoulder continuation with the horizontal boundary acting as strong resistance at 3,875 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 4,000 levels confirmed the breakout from the 9 month-long head and shoulder continuation with the possible chart pattern price target of 4,865 levels. Breakout pushed the stock to all-time highs. (Learn more: Video Tutorial)

 

GLOBAL EQUITY MARKETS - September 8, 2018

CME GROUP INC (CME.O)

CME Group Inc., through its exchanges, provides products across all asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. The Company’s segment primarily consists of the Chicago Mercantile Exchange Inc. (CME), Board of Trade of the City of Chicago, Inc. (CBOT), New York Mercantile Exchange, Inc. (NYMEX) and Commodity Exchange, Inc. (COMEX) exchanges. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 5 month-long ascending triangle with the horizontal boundary acting as strong resistance at 171.5 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 176.6 levels confirmed the breakout from the 5 month-long ascending triangle with the possible chart pattern price target of 190 levels. (Learn more: Video Tutorial)

 

ISHARES DOW JONES US AEROSPACE AND DEFENSE INDEX FUND (ITA)

iShares U.S. Aerospace & Defense ETF, formerly iShares Dow Jones U.S. Aerospace & Defense Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Select Aerospace & Defense Index (the Index). The Index measures the performance of the aerospace and defense sector of the United States equity market. Aerospace companies include manufacturers, assemblers and distributors of aircraft and aircraft parts. Defense companies include producers of components and equipment for the defense industry, such as military aircraft, radar equipment and weapons. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Its investment advisor is BlackRock Fund Advisors. The ETF is listed on the New York Stock Exchange. Price chart formed a 6 month-long rectangle with the horizontal boundary acting as strong resistance at 206 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 210 levels confirmed the breakout from the 6 month-long rectangle with the possible chart pattern price target of 227 levels. Breakout pushed the ETF to all-time highs. (Learn more: Video Tutorial)

 

AON PLC (AON)

Aon plc is a professional services firm providing a range of risk, retirement, health solutions insurance and reinsurance brokerage. The stock is listed on the New York Stock Exchange. Price chart formed a 10 month-long symmetrical triangle with the upper boundary acting as strong resistance at 145 levels. The daily close above 150 levels confirmed the breakout from the 10 month-long symmetrical triangle with the possible chart pattern price target of 167 levels. (Learn more: Video Tutorial)

 

QUIXANT PLC (QXT.L)

Quixant Plc is a United Kingdom-based company engaged in development and supply of computer systems. The Company’s range of gaming platforms includes personal computer (PC) compatible systems designed and catered to the gaming industry. The stock is listed on the London Stock Exchange. Price chart formed a year-long rectangle with the horizontal boundary acting as strong resistance at 470 levels. The daily close above 484 levels confirmed the breakout from the year-long rectangle with the possible chart pattern price target of 560 levels. (Learn more: Video Tutorial)

 

STARTS PROCEED INVESTMENT CORP (8979.T)

Starts Proceed Investment Corporation is a Japan-based real estate investment trust (REIT) company. It aims to achieve stable earnings and sustainable growth of its investment assets to maximize investment value from mid- to long-term perspectives, by investing in specific assets, mainly rental housing, including service apartments, hotels, monthly apartments and elderly homes in Tokyo metropolitan area, government-decreed cities and other major cities. The stock is listed on the Nikkei Stock Exchange. Price chart formed an 8 month-long rectangle with the horizontal boundary acting as strong resistance at 169K levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 171K levels confirmed the breakout from the 8 month-long rectangle with the possible chart pattern price target of 177K levels. (Learn more: Video Tutorial)

 

GLOBAL EQUITY MARKETS - September 1, 2018

SCIENCE APPLICATIONS INTERNATIONAL CORP (SAIC.K)

Science Applications International Corporation (SAIC) is a provider of technical, engineering and enterprise information technology (IT) services. The Company provides its services primarily to the United States Government, including the Department of Defense (DoD), the intelligence community and federal civilian agencies. The Company provides engineering, systems integration and information technology offerings for government projects, and offers a range of services with a targeted emphasis on higher-end, differentiated technology services. The stock is listed on the New York Stock Exchange. Price chart formed a 20 month-long head and shoulder continuation with the horizontal boundary acting as strong resistance at 89.8 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 92.5 levels confirmed the breakout from the 20 month-long head and shoulder continuation with the possible chart pattern price target of 117.75 levels. (Learn more: Video Tutorial)

 

CIENA CORP (CIEN.K)

Ciena Corporation is a network strategy and technology company, which provides solutions that enable a range of network operators to adopt communication architectures and deliver an array of services, relied upon by enterprise and consumer end users. It provides equipment, software and services that support the transport, switching, aggregation, service delivery and management of voice, video and data traffic on communications networks. The stock is listed on the New York Stock Exchange. Price chart formed a 14 month-long  cup & handle continuation with the horizontal boundary acting as strong resistance at 27.5 levels. The handle part of the bullish continuation chart pattern can be identified as a 5 month-long H&S continuation chart pattern that is possibly acting as a launching pattern. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 28.3 levels confirmed the breakout from the 14 month-long  cup & handle continuation with the possible chart pattern price target of 35.50 levels. (Learn more: Video Tutorial) The chart below also features the bullish ascending triangle on monthly scale. CIENA CORP might be offering a long-term opportunity.

AKER SOLUTIONS ASA (AKSOL.OL)

Aker Solutions ASA is a Norway-based provider of products, systems and services to the oil and gas industry. In September 2014, it was demerged from Akastor ASA, previously known as Aker Solutions ASA. The Company is engaged in the field of engineering, design and technology aimed at improving production and recovery. The stock is listed on the Oslo Stock Exchange. Price chart formed a 3 month-long symmetrical triangle with the upper boundary acting as strong resistance at 56.85 levels. The upper boundary was tested several times over the course of the chart pattern. The daily close above 58.50 levels confirmed the breakout from the 3 month-long symmetrical triangle with the possible chart pattern price target of 63.4 levels. (Learn more: Video Tutorial)

 

AXIS BANK LTD (AXBK.NS)

Axis Bank Limited (the Bank) provides a suite of corporate and retail banking products. The Bank’s segments include Treasury, Retail Banking, Corporate/Wholesale Banking and Other Banking Business. The stock is listed on the National Stock Exchange of India. Price chart formed a 40 month-long ascending triangle with the horizontal boundary acting as strong resistance at 625 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 643 levels confirmed the breakout from the 40 month-long ascending triangle with the possible chart pattern price target of 867 levels. Breakout pushed the stock to all-time highs. (Learn more: Video Tutorial)

GLOBAL EQUITY MARKETS - August 25, 2018

MARUZEN SHOWA UNYU CO LTD (9068.T)

Maruzen Showa Unyu Co., Ltd. is a Japan-based company principally engaged in the provision of logistics and transportation services. The stock is listed on the Tokyo Stock Exchange. Price chart formed a 10 month-long rectangle with the horizontal boundary acting as strong resistance at 538 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 554 levels confirmed the breakout from the 10 month-long rectangle with the possible chart pattern price target of 594 levels. (Learn more: Video Tutorial)

 

CHUGAI PHARMACEUTICAL CO LTD (4519.T)

CHUGAI PHARMACEUTICAL CO., LTD. is a Japan-based pharmaceutical company. The Domestic segment is engaged in the sale of pharmaceutical products manufactured by the Company through its nationwide appointed stores. The Overseas segment is engaged in the sale of its pharmaceutical products in oversea markets, such as Germany, the United Kingdom, France, Taiwan, China Mainland, Korea and the United States. The stock is listed on the Tokyo Stock Exchange. Price chart formed an 8 month-long cup & handle continuation with the horizontal boundary acting as strong resistance at 6,080 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 6,265 levels confirmed the breakout from the 8 month-long cup & handle continuation with the possible chart pattern price target of 7,020 levels. (Learn more: Video Tutorial)

 

INFORMATION DEVELOPMENT CO LTD (4709.T)

INFORMATION DEVELOPMENT CO., LTD. is a Japan-based company mainly engaged in the provision of information technology(IT) services. The stock is listed on the Tokyo Stock Exchange. Price chart formed a year-long ascending triangle with the horizontal boundary acting as strong resistance at 1,560 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 1,610 levels confirmed the breakout from the year-long ascending triangle with the possible chart pattern price target of 1,990 levels. (Learn more: Video Tutorial)

STOREBRAND ASA (STB.OL)

Storebrand ASA is a Norway-based provider of insurance and pension products. The Company operates in three business segments: the Bank and asset management segment includes products that offer savings for retirement, as well as consists of contribution pensions in Norway and Sweden, asset management and banking products for individuals; the Insurance business segment offers health insurance in the Norwegian and Swedish corporate and retail markets, property and casualty (P&C) insurance and personal risk products in the Norwegian retail market and employee insurance and pensions-related insurance in the Norwegian corporate market, in addition to the provision of life insurance products, and the Guaranteed pension segment covers defined pensions in Norway and Sweden, paid-up policies and individual capital and pension insurance. The stock is listed on the Oslo Stock Exchange. Price chart formed an 8 month-long rectangle with the upper boundary acting as resistance at 71.35 levels. The daily close above 73.50 levels confirmed the breakout from the 8 month-long rectangle with the possible chart pattern price target of 81 levels. (Learn more: Video Tutorial)

SENSYS GATSO GROUP AB (SENS.ST)

Sensys Gatso Group AB, formerly Sensys Traffic AB, is a Sweden-based company that develops, markets and sells traffic safety and traffic informatics systems to police authorities, highway authorities and private concessionaires worldwide. The systems are primarily used for recording speed and red-light violations. The stock is listed on the Stockholm Stock Exchange. Price chart formed a 7 month-long symmetrical triangle with the upper boundary acting as resistance at 1.45 levels. The daily close above 1.50 levels confirmed the breakout from the 7 month-long symmetrical triangle with the possible chart pattern price target of 2.16 levels. (Learn more: Video Tutorial)

 

BEST BUY CO INC (BBY)

Best Buy Co., Inc. is a provider of technology products, services and solutions. The Company offers products and services to the customers visiting its stores, engaging with Geek Squad agents, or using its Websites or mobile applications. The stock is listed on the New York Stock Exchange. Price chart formed a 6 month-long ascending triangle with the horizontal boundary acting as strong resistance at 78.8 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 81.15 levels confirmed the breakout from the 6 month-long ascending triangle with the possible chart pattern price target of 92.5 levels. Breakout pushed the stock to all-time highs. (Learn more: Video Tutorial)

GLOBAL PAYMENTS INC (GPN)

Global Payments Inc. is a provider of payment technology services. The Company provides payment and digital commerce solutions. The Company operates through three segments: North America, Europe and Asia-Pacific. The Company’s segments primarily provide payment solutions for credit cards, debit cards, electronic payments and check-related services. The Company’s segments target customers in various industries, including financial services, gaming, government, healthcare, professional services, restaurants, retail, universities, not-for-profit organizations and utilities. The stock is listed on the New York Stock Exchange. Price chart formed a 4 month-long rectangle with the horizontal boundary acting as strong resistance at 119 levels. The daily close above 121.5 levels confirmed the breakout from the 4 month-long rectangle with the possible chart pattern price target of 129.5 levels. Breakout pushed the stock to all-time highs. (Learn more: Video Tutorial)

ABBOTT LABORATORIES (ABT)

Abbott Laboratories is engaged in the discovery, development, manufacture and sale of a range of healthcare products. The Company operates through four segments: Established Pharmaceutical Products, Diagnostic Products, Nutritional Products and Vascular Products. The stock is listed on the New York Stock Exchange. Price chart formed a 5 month-long rectangle with the horizontal boundary acting as strong resistance at 63.8 levels. The daily close above 65.7 levels confirmed the breakout from the 5 month-long rectangle with the possible chart pattern price target of 70.8 levels. (Learn more: Video Tutorial)

 

GLOBAL EQUITY MARKETS - August 11, 2018

CROWN RESORTS LTD (CWN.AX)

Crown Resorts Limited is an entertainment and gaming company with operations and investments in Australia, Asia, the United Kingdom and the United States. The stock is listed on the Australia Stock Exchange. Price chart formed a 5 month-long rectangle with the horizontal boundary acting as strong resistance at 13.80 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 14.20 levels confirmed the breakout from the 5 month-long rectangle with the possible chart pattern price target of 15.30 levels. (Learn more: Video Tutorial)

YUANTA P-SHARES TAIWAN DIVIDEND PLUS ETF (0056.TW)

TAIWAN DIVIDEND PLUS ETF aims to track the performance of the TSEC Taiwan Dividend+ Index. The ETF is listed on the Taiwan Stock Exchange. Price chart formed a 10 month-long ascending triangle. The ETF has been in a steady uptrend over the past 2 years. The upper boundary of the ascending triangle is acting as resistance at 26.85 levels. The daily close above 27.3 levels confirmed the breakout from the 10 month-long consolidation with the possible chart pattern price target of 29 levels. (Learn more: Video Tutorial)

NTT DOCOMO INC (9437.T)

NTT DOCOMO, INC. (DOCOMO) is a mobile telecommunications carrier. The Company operates through three segments: telecommunications business, smart life business and other businesses. The stock is listed on the Tokyo Stock Exchange. Price chart formed a 30 month-long ascending triangle with the horizontal boundary acting as strong resistance at 2,900 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 2,990 levels confirmed the breakout from the 30 month-long ascending triangle with the possible chart pattern price target of 3,475 levels. (Learn more: Video Tutorial)

TRADE UNION COOPERATIVE INSURANCE CO SJSC (8170.SE)

Trade Union Cooperative Insurance Co. (TUCI) is a Saudi Arabia-based joint stock company engaged in the provision of cooperative insurance and related activities, as well as reinsurance services in Saudi Arabia. The stock is listed on the Tadawul Stock Exchange. Price chart formed a 9 month-long ascending triangle with the horizontal boundary acting as strong resistance at 23.65 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 24.35 levels confirmed the breakout from the 9 month-long ascending triangle with the possible chart pattern price target of 29.8 levels. (Learn more: Video Tutorial)

DNB ASA (DNB.OL)

DNB ASA, formerly DnB NOR ASA, is a Norway-based financial institution that offers a range of financial services, including loans, savings, advisory services, insurance and pension products for retail and corporate customers. The stock is listed on the Oslo Stock Exchange. Price chart formed a 10 month-long rectangle with the horizontal boundary acting as strong resistance at 163 levels. The daily close above 167 levels confirmed the breakout from the 10 month-long rectangle with the possible chart pattern price target of 178 levels. (Learn more: Video Tutorial)

GREAT PANTHER SILVER LTD (GPL)

Great Panther Silver Ltd (Great Panther) is a Canada-based silver mining and precious metals producer and exploration company. The Company owns two producing mining operations: the Topia Mine and the Guanajuato Mine Complex (GMC). The stock is listed on the New York Stock Exchange. Price chart formed a 14 month-long rectangle with the horizontal boundary acting as strong support at 1.10 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close below 1.06 levels confirmed the breakdown from the 14 month-long rectangle with the possible chart pattern price target of 0.85 levels. (Learn more: Video Tutorial)

WALT DISNEY CO (DIS)

The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations. Under the Parks and Resorts segment, the Company’s Walt Disney Imagineering unit designs and develops new theme park concepts and attractions, as well as resort properties. The studio entertainment segment produces and acquires live-action and animated motion pictures, direct-to-video content, musical recordings and live stage plays. It also develops and publishes games, primarily for mobile platforms, books, magazines and comic books. The Company distributes merchandise directly through retail, online and wholesale businesses. Its cable networks consist of ESPN, the Disney Channels and Freeform. The stock is listed on the New York Stock Exchange. Price chart formed a 3 year-long symmetrical triangle with the upper boundary acting as strong resistance at 112 levels. The daily close above 116 levels confirmed the breakout from the 3 year-long symmetrical triangle with the possible chart pattern price target of 150 levels. (Learn more: Video Tutorial)

MICHAEL KORS HOLDINGS LTD (KORS.K)

Michael Kors Holdings Limited is a designer, marketer, distributor and retailer of branded women’s apparel and accessories and men’s apparel bearing the Michael Kors tradename and related trademarks MICHAEL KORS, MICHAEL MICHAEL KORS, and various other related trademarks and logos. The stock is listed on the New York Stock Exchange. Price chart formed a 5 month-long rectangle with the horizontal boundary acting as strong resistance at 69.60 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 71.70 levels will confirm the breakout from the 5 month-long rectangle with the possible chart pattern price target of 81.60 levels. (Learn more: Video Tutorial)

EAST COAST FURNITECH PCL (ECFm.BK)

East Coast Furnitech Public Company Limited is a Thailand-based manufacturer and distributor of rubber wood and particle boards. The Company operates two business segments: wood furniture and particle board segment, and other segment involving the distribution of laminating paper, dried sawn lumbers, as well as furniture and decorating supplies. The stock is listed on the Thailand Stock Exchange. Price chart formed a 9 month-long symmetrical triangle with the upper boundary acting as resistance at 7.47 levels. The daily close above 7.70 levels confirmed the breakout from the 9 month-long symmetrical triangle with the possible chart pattern price target of 10.27 levels. (Learn more: Video Tutorial)

GLOBAL EQUITY MARKETS - August 4, 2018

CASELLA WASTE SYSTEMS INC (CWST.O)

Casella Waste Systems, Inc. is a solid waste services company. The Company provides resource management services to residential, commercial, municipal and industrial customers, primarily in the areas of solid waste collection and disposal, transfer, recycling and organics services. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 6 month-long rectangle with the horizontal boundary acting as strong resistance at 27.15 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 28 levels confirmed the breakout from the 6 month-long rectangle with the possible chart pattern price target of 31.15 levels. (Learn more: Video Tutorial)

 

GLOBAL EQUITY MARKETS - July 28, 2018

ACERINOX SA (ACX.MC)

Acerinox SA is a Spain-based company active in the steel sector. It is engaged in the manufacturing, alloy and distribution of flat and long stainless steel products. The Company’s activities are divided into three business segments: Flat stainless steel products, which offers slabs, flats, coils, plates, sheets, circles and flat bars; Long stainless steel products, which provides bars, angles, wires and wire rod, and Other, which includes other stainless steel products. The Company owns factories, warehouses, service centers and representative office in Europe, the Americas, Asia, Oceania and Africa. The stock is listed on the Madrid Stock Exchange. Price chart formed a 15 month-long symmetrical triangle with the upper boundary acting as strong resistance at 11.75 levels. The upper boundary was tested several times over the course of the chart pattern. The daily close above 12.10 levels confirmed the breakout from the 15 month-long symmetrical triangle with the possible chart pattern price target of 14.6 levels. (Learn more: Video Tutorial)

SELECT MEDICAL HOLDINGS CORP (SEM)

Select Medical Holdings Corporation is an operator of specialty hospitals, outpatient rehabilitation clinics and occupational medicine centers in the United States. The Company’s segments include specialty hospitals, outpatient rehabilitation, Concentra and Other. The stock is listed on the New York Stock Exchange. Price chart formed an 8 month-long cup & handle continuation with the horizontal boundary acting as strong resistance at 19.35 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 20 levels confirmed the breakout from the 8 month-long cup & handle continuation with the possible chart pattern price target of 22.50 levels. Breakout from the bullish continuation chart pattern pushed the stock to all-time high levels. (Learn more: Video Tutorial)

OLD NATIONAL BANCORP (ONB.O)

Old National Bancorp is a financial holding company. The Company, through its banking subsidiary, provides a range of services, including commercial and consumer loan and depository services, private banking, brokerage, trust, investment advisory and other traditional banking services. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 15 month-long cup & handle bullish continuation with the horizontal boundary acting as strong resistance at 18.90 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 19.45 levels confirmed the breakout from the 15 month-long cup & handle bullish continuation with the possible chart pattern price target of 22.00 levels. (Learn more: Video Tutorial)

AVANT CORP (3836.T)

AVANT CORPORATION, formerly DIVA CORPORATION, is an information technology (IT) company mainly develops and sells consolidated accounting package software, as well as offers installation services for the software. The stock is listed on the Tokyo Stock Exchange. Price chart formed a 9 month-long rectangle with the horizontal boundary acting as strong resistance at 1,040 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 1,070 levels confirmed the breakout from the 9 month-long rectangle with the possible chart pattern price target of 1,225 levels. The weekly close was at the chart pattern boundary. (Learn more: Video Tutorial)

 

DXP ENTERPRISES INC (DXPE.O)

DXP Enterprises, Inc. (DXP) is engaged in the business of distributing maintenance, repair and operating (MRO) products, equipment and service to industrial customers. The Company operates through three segments: Service Centers, Supply Chain Services and Innovative Pumping Solutions. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 17 month-long head and shoulder continuation with the horizontal boundary acting as strong resistance at 42.00 levels. The right shoulder of the bullish continuation chart pattern can be identified as a separate ascending triangle. The daily close above 43.25 levels confirmed the breakout from the 17 month-long head and shoulder continuation with the possible chart pattern price target of 58.00 levels. The week ended on a weak note reversing below the chart pattern boundary. (Learn more: Video Tutorial)

GLOBAL EQUITY MARKETS - July 21, 2018

COCA COLA HBC AG (CCH.L)

Coca Cola HBC AG is a Switzerland-based bottler of Coca-Cola products. The Company’s segments include Established markets, including Austria, Cyprus, Greece, Italy, Northern Ireland, Republic of Ireland and Switzerland; Developing markets, including Croatia, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovakia and Slovenia, and Emerging markets, including Armenia, Belarus, Bosnia and Herzegovina, Bulgaria, Macedonia, Moldova, Montenegro, Nigeria, Romania, Russian Federation, Serbia and Ukraine. The Company produces, sells and distributes beverage brands. The Company markets Coca-Cola, Coca-Cola Zero, Coca-Cola Light, Fanta and Sprite, as well as water, juice and energy drinks. The stock is listed on the London Stock Exchange. Price chart formed a 10 month-long cup & handle continuation with the horizontal boundary acting as strong resistance at 2,700 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 2,780 levels confirmed the breakout from the 10 month-long cup & handle continuation with the possible chart pattern price target of 3,130 levels. (Learn more: Video Tutorial)

BASF INDIA LTD (BASF.NS)

BASF India Limited is engaged in providing chemicals, plastics, performance products and crop protection products. The Company’s segments include Agricultural Solution, Performance Products, Chemicals, Functional Materials & Solutions, and Others. The stock is listed on the National Stock Exchange of India. Price chart formed a 5 month-long descending triangle with the horizontal boundary acting as support at 1,895 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close below 1,840 levels confirmed the breakdown from the 5 month-long descending triangle with the possible chart pattern price target of 1,510 levels. Descending triangle is possibly acting as a bearish reversal chart pattern. (Learn more: Video Tutorial)

 

GLOBAL EQUITY MARKETS - July 14, 2018

ASAHI INTECC CO LTD (7747.T)

ASAHI INTECC CO., LTD. is a Japan-based company principally engaged in the development, manufacture and sale of medical and industrial equipment. The Company operates in two business segments. The Medical segment is involved in the development, manufacture and sale of minimally invasive treatment products (catheter related products) used in endovascular treatment. The Device segment develops, manufactures and sells supplies for medical and industrial equipment. The stock is listed on the Tokyo Stock Exchange. Price chart formed a 4 month-long rectangle with the horizontal boundary acting as strong resistance at 4,320 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 4,450 levels confirmed the breakout from the 4 month-long rectangle with the possible chart pattern price target of 4,970 levels. (Learn more: Video Tutorial)

 

BRASKEM SA (BRKM5.SA)

Braskem S.A. produces thermoplastic resins. The Company’s segments are Basic petrochemicals, Polyolefins, Vinyls, the United States and Europe, and Chemical distribution. It is also engaged in the import and export of chemicals, petrochemicals and fuels, the production, supply and sale of utilities such as steam, water, compressed air, industrial gases, the provision of industrial services, and the production, supply and sale of electric energy.  The stock is listed on the Sao Paolo Stock Exchange. Price chart formed an 8 month-long rectangle with the horizontal boundary acting as strong resistance at 50.5 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 52 levels confirmed the breakout from the 8 month-long rectangle with the possible chart pattern price target of 60.3 levels. Braskem S.A. is dual listed via ADR (BAK) on the New York Stock Exchange. Due to currency effect the price chart of the New York Listed equity does not have a similar chart formation. (Learn more: Video Tutorial)

 

NATIONAL INDUSTRIES GROUP HOLDING KPSC (NIND.KW)

National Industries Group Holding KPSC is a Kuwait-based company engaged in diversified industrial sectors. The Company operates, along with its subsidiaries, in three business segments: Investment, Building materials and Specialist engineering. The Company manages a range of activities in investment and shares, in building materials, petrochemicals, oil & gas services, mechanical industries, utilities, real estate infrastructure, and financial services. The stock is listed on the Kuwait Stock Exchange. Price chart formed a 9 month-long symmetrical triangle with the upper boundary acting as resistance at 162 levels. The daily close above 167 levels confirmed the breakout from the 9 month-long symmetrical triangle with the possible chart pattern price target of 195 levels. (Learn more: Video Tutorial)

 

GLOBAL EQUITY MARKETS - July 7, 2018

RORZE CORP (6323.T)

RORZE CORPORATION is mainly engaged in the development, manufacture and sale of transfer robots and related applied devices. The Company is engaged in the development, manufacture and sale of motor control equipment including drivers and controllers, as well as transportation devices for semiconductor products such as wafer transportation machine and glass substrate transportation machine. In addition, the Company is also engaged in the design, manufacture, sale and maintenance of automatic systems, the development of software, the manufacture of robots for semiconductor transportation device use, as well as the processing and export of machine components for robot use. The stock is listed on the Tokyo Stock Exchange. Price chart formed a 14 month-long descending triangle with the horizontal boundary acting as strong support at 2,045 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close below 1,985 levels confirmed the breakdown from the 14 month-long descending triangle with the possible chart pattern price target of 1,250 levels. (Learn more: Video Tutorial)

GEELY AUTOMOBILE HOLDINGS LTD (0175.HK)

Geely Automobile Holdings Limited is an investment holding company principally engaged in automobiles. The major products include Emgrand electric vehicles (EVs), Emgrand grand luxury (GL), Geely GC9, Vision sports utility vehicles (SUVs), Emgrand grand super (GS), Geely Kingkong Series, Geely Boyue, Geely Panda, Free Cruiser, New Emgrand, Vision Series, among others. In addition, the Company is also engaged in the production and sale of automobile components. The Company operates its business mainly in China, Europe, Middle East, Africa, Center and South America. The stock is listed on the Hong Kong Stock Exchange. Price chart formed a 6 month-long descending triangle with the horizontal boundary acting as support at 20.35 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close below 19.75 levels confirmed the breakdown from the 6 month-long descending triangle with the possible chart pattern price target of 14 levels. (Learn more: Video Tutorial)

 

NATIONAL BANK OF KUWAIT SAKP (NBKK.KW)

National Bank of Kuwait SAK (NBK) is a Kuwait-based bank engaged in the provision of banking, financial and investment services. The Bank operates, along with its subsidiaries, through six segments: the Consumer and Private Banking segment provides consumer loans, credit cards, deposits, foreign exchange, other branch related services to individuals and institutional clients; the Corporate Banking segment provides lending, deposits, trade finance, foreign exchange and advisory services to business and corporate customers; the Investment Banking and Asset Management segment provides capital market advisory and execution services, wealth management, asset management, custody, brokerage and research; the Islamic Banking segment serves its clients through its subsidiary, Boubyan Bank KSC; the Group Centre segment includes treasury, investments and other activities, and the International segment includes all branches, subsidiaries and associates outside Kuwait. The stock is listed on the Kuwait Stock Exchange. Price chart formed a 9 month-long ascending triangle with the horizontal boundary acting as strong resistance at 760 levels. The daily close above 782 levels confirmed the breakout from the 9 month-long ascending triangle with the possible chart pattern price target of 855 levels. (Learn more: Video Tutorial)

GLOBAL EQUITY MARKETS - June 30, 2018

INDRA SISTEMAS SA (IDR.MC)

Indra Sistemas SA is a Spain-based company engaged in the field of information technology (IT). The Company divides its activities into two segments: Solutions and Services. The Solutions segment provides consulting and technology solutions, such as systems and components for compiling, processing, transmitting and presenting data for use in the control and management processes. The Services segment offers the IT and business processes outsourcing. The Company is present in various sectors, such as transportation, energy and industry, public administration and healthcare, financial, security and defense, telecommunications and touristic. The stock is listed on the Madrid Stock Exchange. Price chart formed a 6 month-long descending triangle with the horizontal boundary acting as strong support at 10.60 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close below 10.28 levels confirmed the breakdown from the 6 month-long descending triangle with the possible chart pattern price target of 9.25 levels. It is important to note how the descending triangle developed below the 200-day moving average. Price action below the 200-day moving average usually is a sign of weakness. (Learn more: Video Tutorial)

MERAFE RESOURCES LTD (MRFJ.J)

Merafe Resources Limited (Merafe), through its subsidiary, Merafe Ferrochrome and Mining Proprietary Limited (Merafe Ferrochrome) and through a pooling and sharing Venture with Glencore Operations South Africa Proprietary Limited (Glencore), participates in chrome mining and the beneficiation of chrome ore into ferrochrome. The stock is listed on the Johannesburg Stock Exchange. Price chart formed a 14 month-long symmetrical triangle with the upper boundary acting as strong resistance at 165 levels. The upper boundary was tested several times over the course of the chart pattern. The daily close above 172 levels confirmed the breakout from the 14 month-long symmetrical triangle with the possible chart pattern price target of 250 levels. (Learn more: Video Tutorial)

CHINA POWER CLEAN ENERGY DEVELOPMENT CO LTD (0735.HK)

CHINA POWER CLEAN ENERGY DEVELOPMENT COMPANY LIMITED is a Hong Kong-based investment holding company principally engaged in the generation and sales of power. The stock is listed on the Hong Kong Stock Exchange. Price chart formed a 21 month-long descending triangle with the horizontal boundary acting as strong support at 4.00 levels. Lower lows gives the descending triangle its bearish bias. The horizontal boundary was tested several times over the course of the chart pattern. The daily close below 3.88 levels confirmed the breakdown from the 21 month-long descending triangle with the possible chart pattern price target of 2.85 levels. (Learn more: Video Tutorial)

 

BRAMBLES LTD (BXB.AX)

Brambles Limited is a supply-chain logistics company. The Company is engaged in the provision of reusable pallets, crates and containers. The Company operates through six segments, which include Pallets-Americas, Pallets-EMEA, Pallets-Asia-Pacific (each pallet-pooling businesses), Reusable Plastic Crates (RPCs) (crate-pooling businesses), Containers (container-pooling businesses) and Corporate (corporate center). It operates through CHEP and IFCO brands. The Company operates in approximately 60 countries. The stock is listed on the Australia Stock Exchange. Price chart formed a 15 month-long descending triangle with the horizontal boundary acting as strong support at 9.0 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close below 8.75 levels confirmed the breakdown from the 15 month-long descending triangle with the possible chart pattern price target of 7.6 levels. (Learn more: Video Tutorial)

 

EMPIRE COMPANY LTD (EMPa.TO)

Empire Company Limited is engaged in the business of food retailing and related real estate. The Company’s segments include Food Retailing, and Investments and Other Operations. The stock is listed on the Toronto Stock Exchange. Price chart formed a 6 month-long symmetrical triangle with the upper boundary acting as strong resistance at 25.8 levels. Symmetrical triangle is possibly acting as a bullish continuation chart pattern. The daily close above 26.6 levels confirmed the breakout from the 6 month-long symmetrical triangle with the possible chart pattern price target of 30 levels. (Learn more: Video Tutorial)

 

GLOBAL EQUITY MARKETS - June 23, 2018

HANG SENG CHINA ENTERPRISES INDEX ETF (2828.HK)

HANG SENG CHINA ENTERPRISES INDEX ETF is an index-tracking fund that seeks to provide investment returns for investors that match the performance of the Hang Seng China Enterprises Index as closely as practicable. Price chart formed a 4 month-long symmetrical triangle above the long-term average. Both the long-term average and the lower boundary of the 4 month-long symmetrical triangle are forming support at 119.5 levels. The daily close below 117.10 levels confirmed the symmetrical triangle as a bearish continuation chart pattern with the possible price target of 108.5 levels. It is important to note that with this week’s movement the ETF breached its long-term average on the downside; another negative technical signal.

 

MERSEN SA (CBLP.PA)

Mersen SA, formerly Le Carbone Lorraine SA, is a France-based company engaged in the production of carbon and graphite products and their application. The Company’s activities are divided into four segments: Anticorrosion and Process Equipment which produces mixers, pressure vessels and anticorrosion systems, among others; Electrical Solutions for Motors and Generators which is involved in manufacture of carbon brushes, anti-static brushes, signal travel systems, among others; Advanced Materials and Solutions for High Temperature which produces mechanical and friction materials, refractory graphite parts, among others; and Safety & Reliability for Electrical Power which is involved in cooling of power electronics, among others. The stock is listed on the Paris Stock Exchange. Price chart formed a 7 month-long head and shoulder top with the horizontal boundary (neckline) acting as support at 35.40 levels. The daily close below 34.30 levels confirmed the breakdown from the 7 month-long head and shoulder top with the possible chart pattern price target of 30.00 levels. (Learn more: Video Tutorial)

NEXTERA ENERGY PARTNERS LP (NEP)

Nextera Energy Partners, LP is a limited partnership formed to acquire, manage and own contracted clean energy projects. The Company, through its limited partnership interest in NextEra Energy Operating Partners, LP (NEP OpCo), owns a portfolio of contracted renewable generation assets consisting of wind and solar projects, as well as contracted natural gas pipeline assets. The stock is listed on the New York Stock Exchange. Price chart formed a 7 month-long rectangle with the upper boundary acting as strong resistance at 43.85 levels. The daily close above 45.15 levels confirmed the breakout from the 7 month-long rectangle with the possible chart pattern price target of 51 levels. (Learn more: Video Tutorial)

CF INDUSTRIES HOLDINGS INC (CF)

CF Industries Holdings, Inc. manufactures and distributes nitrogen fertilizer, and other nitrogen products. The stock is listed on the New York Stock Exchange. Price chart formed a 6 month-long rectangle with the horizontal boundary acting as strong resistance at 44.40 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 45.75 levels confirmed the breakout from the 6 month-long rectangle with the possible chart pattern price target of 53.25 levels. (Learn more: Video Tutorial)

 

GLOBAL EQUITY MARKETS - June 16, 2018

STMICROELECTRONICS NV (STM)

STMicroelectronics N.V. is a global semiconductor company that designs, develops, manufactures and markets a range of products, including discrete and standard commodity components, and application-specific integrated circuits (ASICs) for analog, digital and mixed-signal applications. The stock is listed on the New York Stock Exchange. Price chart formed a 7 month-long rectangle with the horizontal boundary acting as strong resistance at 24.85 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 25.60 levels confirmed the breakout from the 7 month-long rectangle with the possible chart pattern price target of 29.20 levels. (Learn more: Video Tutorial)

 

INTEGRATED DEVICE TECHNOLOGY INC (IDTI.O)

Integrated Device Technology, Inc. develops system-level solutions that optimize its customers’ applications. The Company operates through two segments: the Communications, and the Computing, Consumer and Industrial. It offers products in radio frequency (RF), timing, wireless power transfer, serial switching, interfaces and sensing solutions. It offers a range of mixed-signal solutions for the communications, computing, consumer, automotive and industrial segments. These products are used for development in areas, such as fourth generation (4G) infrastructure, network communications, cloud datacenters and power management for computing and mobile devices. It offers solutions in designing communications, computing, consumer, automotive and industrial applications. It markets its products to original equipment manufacturers (OEMs) through a range of channels, including direct sales, distributors and electronic manufacturing suppliers (EMSs). The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 6 month-long rectangle with the horizontal boundary acting as strong resistance at 33.75 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 34.75 levels confirmed the breakout from the 6 month-long rectangle with the possible chart pattern price target of 40.00 levels. (Learn more: Video Tutorial)

 

QUEBECOR INC (QBRb.TO)

Quebecor Inc. is a telecommunications and media company. The Company’s segments include Telecommunications, Media, and Sports and Entertainment. The Telecommunications segment offers television distribution, Internet access, business solutions (including data centers), cable and mobile telephony and over-the-top video services in Canada. The operations of the Media segment in Quebec include the operation of an over-the-air television network and specialty television services; the printing, publishing and distribution of daily newspapers; the operation of Internet portals and specialized Websites; the distribution and production of music, and the operation of an out-of-home advertising business. The activities of the Sports and Entertainment segment in Quebec encompass the operation and management of the Videotron Centre in Quebec City, show production, sporting and cultural events management, and the operation of over two Quebec Major Junior Hockey League (QMJHL) teams. The stock is listed on the Toronto Stock Exchange. Price chart formed an 8 month-long rectangle with the horizontal boundary acting as strong resistance at 25.20 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 25.70 levels confirmed the breakout from the 8 month-long rectangle with the possible chart pattern price target of 27.50 levels. Breakout pushed the stock to all-time high levels. (Learn more: Video Tutorial)

  

SNC-LAVALIN GROUP INC (SNC.TO)

SNC-Lavalin Group Inc is a Canada-based engineering and construction company. The Company’s segments include Mining & Metallurgy, which provides solutions for a range of projects in the aluminum, gold, copper, iron ore, nickel, fertilizers and sulfur product sectors, among others; Oil & Gas, which includes projects in the upstream, midstream and downstream (supporting infrastructure) sectors for oil and gas and resources companies, supporting these clients operating across the asset lifecycle from front end evaluation through decommissioning (capital expenditures and operational expenditures); Power, which includes projects and services in hydro, nuclear and thermal power generation, renewable power generation, energy from waste, and electrical transmission and distribution systems; Infrastructure, which is divided into the Infrastructure & Construction and Operations & Maintenance sub-segments, and Capital segment is the investment and asset management arm of the Company. The stock is listed on the Toronto Stock Exchange. Price chart formed a well-defined multi-month long rectangle consolidation between 50.5 and 58.6. Breakouts after several tests of chart pattern boundary can result in a strong directional move. The daily close above 60.35 levels confirmed the breakout from the 21 month-long rectangle with the possible chart pattern price target of 66.75 levels. (Learn more: Video Tutorial)

 

GLOBAL EQUITY MARKETS - June 9, 2018

ILJIN MATERIALS (020150.KS)

ILJIN MATERIALS Co., Ltd. is a Korea-based company mainly engaged in the production and sale of elecfoils. The major products include elecfoils for rechargeable anode current collectors, highly flexible low profile elecfoils for flexible printed circuit boards (PCBs), ultrathin elecfoils with carriers for PCBs, high capacity and high output elecfoils for anode current collector in rechargeable batteries, low profile and high strength elecfoils for packaging substrates, elecfoils used in PCBs. The Company distributes its products within the domestic market and to overseas markets, including China, America, and Japan. The stock is listed on the Korea Stock Exchange. Price chart formed a 9 month-long symmetrical triangle with the upper boundary acting as strong resistance at 37,800 levels. The daily close above 39,000 levels confirmed the breakout from the 7 month-long symmetrical triangle with the possible chart pattern price target of 53,500 levels. (Learn more: Video Tutorial)

 

AUCKLAND INTERNATIONAL AIRPORT LTD (AIA.AX)

Auckland International Airport Limited provides airport facilities and supporting infrastructure in Auckland, New Zealand. The Company operates in three segments: Aeronautical, Retail and Property. The aeronautical business provides services that facilitate the movement of aircraft, passengers and cargo, and provides utility services that support the airport. The aeronautical business also earns rental revenue from space leased in facilities, such as terminals. The retail business provides services to the retailers within the terminals and provides car parking facilities for airport staff, visitors and passengers. The property business earns rental revenue from space leased on airport land outside the terminals, including cargo buildings, hangars and standalone investment properties. Its subsidiaries include Auckland Airport Limited, Auckland Airport Holdings Limited and Auckland Airport Holdings (No. 2) Limited. The stock is listed on the Australia Stock Exchange. Price chart formed a 5 month-long rectangle with the upper boundary acting as strong resistance at 6.2 levels. The upper boundary was tested several times over the course of the chart pattern. The daily close above 6.3 levels confirmed the breakout from the 5 month-long rectangle with the possible chart pattern price target of 6.7 levels. (Learn more: Video Tutorial)

 

CELLAVISION AB (CEVI.ST)

CellaVision AB is a Sweden-based company active in the medical technology sector. The Company develops and sells digital solutions for medical microscopy, as well as products enabling blood cell analysis and morphology diagnosis. CellaVision AB’s product portfolio consists of analyzers for automated medical microscopy analysis and software applications designed for remote access, competency testing and education. The analyzers include such brands as CellaVision DM96 and CellaVision DM1200, whereas the software applications are divided into CellaVision Body Fluid Application, CellaVision Remote Review Software and CellaVision Competency Software, among others. The Company operates four subsidiaries, based in Sweden, Canada, the United States and Japan. The stock is listed on the Stockholm Stock Exchange. Price chart formed a year-long symmetrical triangle with the upper boundary acting as strong resistance at 165 levels. The daily close above 171 levels confirmed the breakout from the year-long symmetrical triangle with the possible chart pattern price target of 230 levels. (Learn more: Video Tutorial)

 

FIDELITY SOUTHERN CORP (LION.O)

Fidelity Southern Corporation is a bank holding company. The Company conducts its operations through its subsidiary bank, Fidelity Bank, which is a state chartered bank (the Bank). The Company provides an array of financial products and services for business and retail customers in the metropolitan Atlanta and Jacksonville, Orlando and Sarasota-Bradenton, Florida markets. The Company provides mortgage loans, indirect automobile loans and Small Business Administration (SBA) loans throughout the South and parts of the Midwest. It delivers its products and services through a network of offices located in Southern states. As of December 31, 2016, it owned 55 and leased 10 retail bank branches and it leased 27 loan production offices. The Company is primarily engaged in attracting deposits from individuals and businesses and using these deposits and borrowed funds to originate commercial, residential mortgage, construction and installment loans. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 17 month-long rectangle with the horizontal boundary acting as strong resistance at 24.65 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 25.40 levels confirmed the breakout from the 17 month-long rectangle with the possible chart pattern price target of 28.40 levels. Breakout pushed the stock to all-time highs. (Learn more: Video Tutorial)

FIRST FOUNDATION INC (FFWM.O)

First Foundation Inc. is a financial services holding company that provides a platform of personalized financial services to high net-worth individuals and their families, family businesses and other affiliated organizations. The Company conducts its operations through its subsidiaries, First Foundation Advisors (FFA) and First Foundation Bank (FFB), and First Foundation Insurance Services (FFIS), a subsidiary of FFB. The Company’s segments include Banking, Investment Management and Wealth Planning (Wealth Management), and Other. The Banking segment includes the operations of FFB and FFIS, and Wealth Management segment includes the operations of FFA. The Company’s integrated platform provides investment management, wealth planning, consulting, trust, banking products and services, life insurance services and property and casualty insurance services to meet the financial needs of its clients. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 7 month-long ascending triangle with the horizontal boundary acting as strong resistance at 19.50 levels. Ascending triangle is a bullish chart pattern. Upward sloping lower boundary gives the chart pattern its bullish bias. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 20.00 levels confirmed the breakout from the 7 month-long ascending triangle with the possible chart pattern price target of 21.75 levels. (Learn more: Video Tutorial)

 

GLOBAL EQUITY MARKETS - June 2, 2018

G-III APPAREL GROUP LTD (GIII.O)

G-III Apparel Group, Ltd. designs, manufactures and markets a range of apparel products. The Company operates through two segments: wholesale operations and retail operations. Its apparel products include outerwear, dresses, sportswear, swimwear, women’s suits and women’s performance wear, as well as women’s handbags, footwear, small leather goods, cold weather accessories and luggage. The Company’s owned brands include Donna Karan, DKNY, DKNY Jeans, Vilebrequin, G-III Sports by Carl Banks, Eliza J, Black Rivet and Jessica Howard. It has fashion licenses under the Calvin Klein, Tommy Hilfiger, Karl Lagerfeld, Kenneth Cole, Cole Haan and Dockers brands. Through its team sports business, it has licenses with the National Football League, National Basketball Association, Major League Baseball and National Hockey League. It also operates retail stores under the Donna Karan, Wilsons Leather, Bass, G.H. Bass & Co., Vilebrequin and Calvin Klein Performance names. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 5 month-long rectangle with the horizontal boundary acting as strong resistance at 40.45 levels. The daily close above 41.65 levels confirmed the breakout from the 5 month-long rectangle with the possible chart pattern price target of 48 levels. (Learn more: Video Tutorial)

 

HYATT HOTELS CORP (H)

Hyatt Hotels Corporation is a global hospitality company. The Company develops, owns, operates, manages, franchises, licenses or provides services to a portfolio of properties. The Company operates through four segments: owned and leased hotels; Americas management and franchising (Americas); ASPAC management and franchising (ASPAC), and EAME/SW Asia management and franchising (EAME/SW Asia). The owned and leased hotels segment consists of its owned and leased full service and select service hotels. The Americas segment consists of its management and franchising of properties located in the United States, Latin America, Canada and the Caribbean. The ASPAC segment consists of its management and franchising of properties located in Southeast Asia, as well as China, Australia, South Korea, Japan and Micronesia. The EAME/SW Asia segment consists of its management and franchising of properties located in Europe, Africa, the Middle East, India, Central Asia and Nepal. The stock is listed on the New York Stock Exchange. Price chart formed a 4 month-long rectangle with the upper boundary acting as strong resistance at 81.75 levels. The upper boundary was tested several times over the course of the chart pattern. The daily close above 83.4 levels confirmed the breakout from the 4 month-long rectangle with the possible chart pattern price target of 88.85 levels. Hyatt Hotels Corp is breaking out to all-time highs. (Learn more: Video Tutorial)

 

SUNCOKE ENERGY INC (SXC)

SunCoke Energy, Inc. is a producer of coke in the Americas. The Company’s segments include Domestic Coke, Brazil Coke, Coal Logistics, and Corporate and Other. The Domestic Coke segment consists of its Jewell Coke Company, L.P. (Jewell), Indiana Harbor Coke Company (Indiana Harbor), Haverhill Coke Company LLC (Haverhill), Gateway Energy and Coke Company, LLC (Granite City) and Middletown Coke Company, LLC (Middletown) cokemaking and heat recovery operations. The Brazil Coke segment consists of its operations in Vitoria, Brazil, where the Company operate a cokemaking facility, ArcelorMittal Brasil S.A. The Coal Logistics segment consists of its Convent Marine Terminal (CMT), Kanawha River Terminals, LLC (KRT), SunCoke Lake Terminal, LLC (Lake Terminal) and Dismal River Terminal, LLC (DRT) coal handling and/or mixing service operations. The stock is listed on the New York Stock Exchange. Price chart formed a 16 month-long cup & handle continuation with the horizontal boundary acting as strong resistance at 13.10 levels. The daily close above 13.50 levels confirmed the breakout from the 16 month-long cup & handle continuation with the possible chart pattern price target of 19.30 levels. (Learn more: Video Tutorial)

 

GLOBAL EQUITY MARKETS - May 26, 2018

VANGUARD FTSE CANADIAN CAPPED REIT INDEX ETF (VRE.TO)

Vanguard FTSE Canadian Capped REIT Index ETF seeks to track, to the extent reasonably possible and before fees and expenses, the performance of a broad Canadian real estate equity index that measures the investment return of publicly traded securities in the Canadian real estate sector. Currently, this Vanguard ETF seeks to track the FTSE Canada All Cap Real Estate Capped 25% Index (or any successor thereto). It invests primarily in stocks of companies in the Canadian real estate sector. The ETF is listed on the Toronto Stock Exchange. Price chart formed a year-long rectangle with the strong horizontal boundary acting as resistance at 31 levels. The rectangle chart pattern is possibly part of a larger scale bullish ascending triangle. The daily close above 31.3 levels confirmed the breakout from the year-long consolidation with the possible chart pattern price target of 33.15 levels. Please note that, Vanguard FTSE Canadian Capped REIT Index ETF is not liquid. However, recent breakout from the lengthy consolidation can have long-term positive implications for the Real Estate sector in Canada. Other Canadian Real Estate ETFs are XRE.TO and ZRE.TO. (Learn more: Video Tutorial)

 

SYNTHOMER PLC (SYNTS.L)

Synthomer Plc is a specialty chemical company. The Company supplies aqueous polymers in various markets, including paper, carpet and foam, construction and coating, functional polymers, health and protection, specialties and other. It operates in segments, including Europe and North America and Asia and Rest of World. The stock is listed on the London Stock Exchange. Price chart formed a 10 month-long rectangle with the upper boundary acting as strong resistance at 512 levels. The upper boundary was tested several times over the course of the chart pattern. The daily close above 525 levels confirmed the breakout from the 10 month-long rectangle with the possible chart pattern price target of 562 levels. (Learn more: Video Tutorial)

 

INTERNATIONAL BANCSHARES CORP (IBOC.O)

International Bancshares Corporation is a financial holding company. The Company, through its subsidiaries, is primarily engaged in the business of banking, including the acceptance of checking and savings deposits, and the making of commercial, real estate, personal, home improvement, automobile, and other installment and term loans. The primary markets of the Company are South, Central and Southeast Texas, an area bordered on the east by the Galveston area, to the northwest by Round Rock, to the southwest by Del Rio and to the southeast by Brownsville, as well as the State of Oklahoma. Its banking subsidiaries facilitate international trade along the United States’ border with Mexico and elsewhere. The Bank’s subsidiaries primarily focus on providing commercial banking services to small and medium sized businesses located in their trade areas. The Company’s bank subsidiaries include International Bank of Commerce (IBC); Commerce Bank, and International Bank of Commerce, Zapata. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 16 month-long cup & handle continuation with the horizontal boundary acting as strong resistance at 42.35 levels. The horizontal boundary was tested several times over the course of the chart pattern. Last 6 month’s price action can be identified as a possible bullish rectangle that is now acting as a launching pattern. Recent breakout pushed the stock to all-time high levels. The daily close above 43.6 levels confirmed the breakout from the 16 month-long cup & handle continuation with the possible chart pattern price target of 51.15 levels. (Learn more: Video Tutorial)

GLOBAL EQUITY MARKETS - May 19, 2018

TERA PROBE INC (6627.T)

Tera Probe, Inc. is a Japan-based company mainly engaged in wafer testing, and contract wafer level package (WLP) service. The Company operates in two business segments. The Memory segment is mainly engaged in the contract wafer testing business of dynamic random access memory (DRAM) produced by semiconductor manufacturers and fabrication factories. The System Large-scale Integration (LSI) segment is principally involved in the contract wafer testing business of semiconductor products such as System on Chips (SoCs), image sensors and analogs produced by domestic and international semiconductor manufacturers and fabrication factories. This segment also operates contract final testing business. On October 1, 2013, it merged with a wholly owned subsidiary Teramikros, Inc. as the surviving company. The stock is listed on the Tokyo Stock Exchange. Price chart formed a year-long symmetrical triangle with the upper boundary acting as strong resistance at 1,470 levels. The upper boundary was tested several times over the course of the chart pattern. The daily close above 1,515 levels confirmed the breakout from the year-long symmetrical triangle with the possible chart pattern price target of 1,945 levels. (Learn more: Video Tutorial)

 

EASYJET PLC (EZJ.L)

EasyJet plc is a United Kingdom-based low-cost airline carrier. The Company operates as a low-cost European point-to-point short-haul airline. The Company operates through its route network segment. The Company operates on over 820 routes across more than 30 countries with its fleet of over 250 Airbus aircrafts. The Company’s total fleet of aircrafts is split between 156-seat Airbus A319s, 180-seat A320s and 186-seat A320s. It is also focused on operating its fleet of A320neo aircrafts. The Company’s bases include the United Kingdom, Switzerland, Italy, France (Paris, Charles de Gaulle, Lyon and Toulouse), Amsterdam, Venice, Oporto, Lisbon and Barcelona. It operates in airports, such as Gatwick, Edinburgh, Nice, Milan Malpensa, Venice Marco Polo, Naples, Basel and Geneva. The Company offers a mobile application-only proposition, targeting customers wishing to switch flights at short notice on the day of travel, and also offers pre-purchased in-flight vouchers. The stock is listed on the London Stock Exchange. Price chart formed a 3 month-long symmetrical triangle or pennant with the upper boundary acting as resistance at 1,670 levels. Symmetrical triangle is possibly acting as a bullish continuation chart pattern. Over the past two years Easy Jet has been in a steady uptrend. The daily close above 1,720 levels confirmed the breakout from the 3 month-long symmetrical triangle with the possible chart pattern price target of 1,850 levels. (Learn more: Video Tutorial)

 

SAVANNAH RESOURCES PLC (SAVS.L)

Savannah Resources Plc is a United Kingdom-based multi -commodity and multi-geographic development company. The Company’s principal activities include the exploration for copper in Oman and enhancement of the Company’s heavy mineral sands Project in Mozambique. The Company’s segments include Oman Copper, Mozambique Mineral Sands, Headquarter administration and corporate, and Investments. The Company is developing its copper and gold portfolio in Oman towards production (Block 4, 5 and 6). The Company is advancing its Jangamo/Mutamba Heavy Mineral Sands Project in Mozambique. The Company has rights to approximately three blocks covering over 1,270 square kilometers in the Semail Ophiolite belt in the Sultanate of Oman. The three blocks are located approximately 180 kilometers northwest of Muscat, Oman. The Company’s high priority areas include the Mahab 4 and Maqail South deposits in Block 5, and the Aarja and Bayda and Lasail deposits in Block 4. The stock is listed on the London Stock Exchange. Price chart formed a 14 month-long rectangle with the upper boundary acting as strong resistance at 6.78 levels. The upper boundary was tested several times over the course of the chart pattern. The daily close above 7.00 levels confirmed the breakout from the 14 month-long rectangle with the possible chart pattern price target of 9.00 levels. (Learn more: Video Tutorial)

 

ERA GROUP INC (ERA)

Era Group Inc. is engaged in operating helicopters. The Company’s helicopters transport personnel to, from and between offshore oil and gas production platforms, drilling rigs and other installations. The Company also dry-leases helicopters to third-party helicopter operators and foreign affiliates. The primary users of the Company’s helicopter services are international, integrated and independent oil and gas exploration, development and production companies. In addition to serving the oil and gas industry, it provides air medical services; utility services, including support of firefighting, mining, power line and pipeline survey activities, and Alaska flightseeing tours, among other activities. It owns and operates a range of classes of helicopters, such as Heavy helicopters, Medium helicopters and Light helicopters. Heavy helicopters have twin engines and passenger capacity ranging from 16 to 19. Medium helicopters have twin engines and passenger capacity ranging from 11 to 12. The stock is listed on the New York Stock Exchange. Price chart formed a 7 month-long rectangle with the upper boundary acting as strong resistance at 11.75 levels. The upper boundary was tested several times over the course of the chart pattern. The daily close above 12.10 levels confirmed the breakout from the 7 month-long rectangle with the possible chart pattern price target of 14.25 levels. (Learn more: Video Tutorial)

VERITEX HOLDINGS INC (VBTX.O)

Veritex Holdings, Inc. is a bank holding company. The Company, through its subsidiary, Veritex Community Bank (the Bank), a Texas state chartered bank, provides relationship-driven commercial banking products and services tailored to meet the needs of small to medium-sized businesses and professionals. It operates through community banking segment. The Bank provides a range of banking services to individual and corporate customers, which include commercial and retail lending, and the acceptance of checking and savings deposits. It offers a suite of online banking solutions, including access to account balances, online transfers, online bill payment and electronic delivery of customer statements, as well as automated teller machines, and banking by telephone, mail and personal appointment. It also offers debit cards, direct deposit, cashier’s checks and letters of credit, as well as treasury management services, including wire transfer services and automated clearinghouse services. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 14 month-long cup & handle continuation with the horizontal boundary acting as strong resistance at 29.3 levels. The horizontal boundary was tested several times over the course of the chart pattern. Last 4 month’s sideways price action can be identified as a rectangle that is possibly acting as a launching pattern. The daily close above 30.15 levels confirmed the breakout from the 14 month-long cup & handle continuation with the possible chart pattern price target of 34.75 levels. (Learn more: Video Tutorial)

GLOBAL EQUITY MARKETS - May 12, 2018

UNICHARM CORP (8113.T)

UNICHARM CORPORATION is a Japan-based company mainly engaged in the manufacture and sale of baby care products, feminine care products and pet care products. The stock is listed on the Tokyo Stock Exchange. Price chart formed a 9 month-long cup & handle continuation chart pattern with the horizontal boundary acting as strong resistance at 3,075 levels. Cup & handle is a bullish continuation chart pattern. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 3,170 levels confirmed the breakout from the 9 month-long cup & handle continuation with the possible chart pattern price target of 3,600 levels. (Learn more: Video Tutorial – Cup & Handle continuation)

 

CITY UNION BANK LTD (CTBK.NS)

City Union Bank Limited is a banking company. The Bank’s segments include Treasury, Corporate and Wholesale Banking, Retail Banking and Other Banking Operations. The stock is listed on the National Stock Exchange of India. Price chart formed a 10 month-long rectangle with the upper boundary acting as strong resistance at 183.4 levels. The upper boundary was tested several times over the course of the chart pattern. The daily close above 189 levels confirmed the breakout from the 10 month-long rectangle with the possible chart pattern price target of 220 levels.

WIENERBERGER AG (WBSV.VI)

Wienerberger AG is an international building materials company. The Company is the parent company of a building materials group whose business activities are classified into six segments: Clay Building Materials Eastern Europe, Clay Building Materials Western Europe, Pipes & Pavers Eastern Europe, Pipes & Pavers Western Europe, North America and Holding & Others. The Clay Building Materials Europe division covers activities in the areas of clay blocks, facing bricks and roof tiles. The Pipes & Pavers Europe division’s product portfolio covers system solutions for building installations, fresh water supply, irrigation, wastewater and rainwater management, drainage, energy supply and data transfer, as well as special products for industrial applications and pavers. The North America division covers activities in the areas of facing bricks, plastic pipes and concrete products. The Holding & Others division covers activities in the areas of clay blocks and others. The stock is listed on the Vienna Stock Exchange. Price chart formed an 11 month-long ascending triangle with the horizontal boundary acting as strong resistance at 22.65 levels. The upper boundary was tested several times over the course of the chart pattern. The daily close above 23.30 levels confirmed the breakout from the 11 month-long ascending triangle with the possible chart pattern price target of 27.45 levels. (Learn more: Video Tutorial)

FIERA MILANO SPA (FIMI.MI)

Fiera Milano SpA is an Italy-based holding company engaged in the trade shows and conferences industry. Its business activities are divided into five segments. The Italian Exhibitions segment covers the organization and hosting of exhibitions, such as the use, promotion and offer of furnished exhibition spaces. The Foreign Exhibitions includes the activities associated with exhibitions and end services for exhibitors. The Stand-fitting services segment encompasses the activities of Nolostand SpA stand-fitting services, technical services and all exhibition site services for exhibitions and congresses. The Media segment covers the production of content and supply of on line and off line publishing services, as well as the organization of events and congresses. It also includes publishing and digital services, events and training. The Congresses segment covers the management of conferences and events. It operates through Worldex Exhibition & Promotion Ltd and Ipack-Ima SpA. The stock is listed on the Milan Stock Exchange. Price chart formed a 7 month-long symmetrical triangle with the upper boundary acting as resistance at 2.35 levels. Symmetrical triangle formed above the long-term average. It is possibly acting as a bullish continuation chart pattern. The daily close above 2.42 levels confirmed the breakout from the 7 month-long symmetrical triangle with the possible chart pattern price target of 3.1 levels.

 

NEXT PLC (NXT.L)

NEXT plc is a United Kingdom-based retailer offering clothing, footwear, accessories and home products. The Company’s segments include NEXT Retail, a chain of over 500 stores in the United Kingdom and Eire; NEXT Directory, an online and catalogue shopping business with over four million active customers and international Websites serving approximately 70 countries; NEXT International Retail, with approximately 200 mainly franchised stores; NEXT Sourcing, which designs and sources NEXT branded products; Lipsy, which designs and sells Lipsy branded younger women’s fashion products, and Property Management, which holds properties and property leases which are sub-let to other segments and external parties. Lipsy also sells directly through its own stores and Website, to wholesale customers and to franchise partners. The Company’s franchise partners operate approximately 180 stores in over 30 countries. The stock is listed on the London Stock Exchange. Price chart formed a 7 month-long ascending triangle with the horizontal boundary acting as resistance at 5,265 levels. The daily close above 5,425 levels confirmed the breakout from the 7 month-long ascending triangle with the possible chart pattern price target of 6,350 levels.(Learn more: Video Tutorial)

ELECTRICITE DE FRANCE SA (EDF.PA)

Electricite de France SA (EDF SA) is a France-based electricity producer, marketer and distributor. The Company generates energy using nuclear technology, as well as thermal, hydroelectric and other renewable sources. It is involved in energy generation and energy sales to industries, local authorities and residential consumers. In addition, EDF SA manages low and medium-voltage public distribution network and involves in electricity transmission network. It also provides energy services, such as district heating and thermal energy services. The group is present in France, Belgium, the United States, Poland, Italy, China, Vietnam and other countries worldwide. The Company has such subsidiaries Dalkia (including Citelum), under Dalkia’s brand and SINOP Energy Company, among others. The stock is listed on the Paris Stock Exchange. Price chart formed a 2 year-long head and shoulder bottom with the horizontal boundary acting as strong resistance at 11.85 levels. The daily close above 12.20 levels confirmed the breakout from the 2 year-long head and shoulder bottom with the possible chart pattern price target of 16.15 levels. (Learn more: Video Tutorial – H&S bottom reversal)

SOTHEBY’S (BID)

Sotheby’s is a global art business company. The Company is engaged in offering its clients opportunities to connect with and transact in a range of objects. The Company offers a range of art-related services, including the brokerage of private art sales, private jewelry sales through Sotheby’s Diamonds, private selling exhibitions at its galleries, art-related financing, and art advisory services, as well as retail wine locations in New York and Hong Kong. The stock is listed on the New York Stock Exchange. Price chart formed an 8 month-long symmetrical triangle with the upper boundary acting as resistance at 54 levels. Symmetrical triangle is possibly acting as a bullish continuation chart pattern. The daily close above 56 levels confirmed the breakout from the 8 month-long symmetrical triangle with the possible chart pattern price target of 68.85 levels. (Learn more: Video Tutorial – Symmetrical Triangle as a bullish continuation)

 

S&T BANCORP INC (STBA.O)

S&T Bancorp, Inc. (S&T) is a bank holding company. The Company operates through three segments: Community Banking, Wealth Management and Insurance. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 5 month-long rectangle with the upper boundary acting as strong resistance at 42.5 levels. The upper boundary was tested several times over the course of the chart pattern. The daily close above 43.75 levels confirmed the breakout from the 5 month-long rectangle with the possible chart pattern price target of 47.10 levels. (Learn more: Video Tutorial – Rectangle)

 

MACATAWA BANK CORP (MCBC.O)

Macatawa Bank Corporation is a bank holding company. The Company, through its subsidiary, Macatawa Bank (the Bank), offers a range of commercial and personal banking services, including checking, savings and certificates of deposit accounts, cash management, safe deposit boxes, trust services and commercial, mortgage and consumer loans. The Bank is a Michigan chartered bank with depository accounts insured by the Federal Deposit Insurance Corporation. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 16 month-long cup & handle continuation with the horizontal boundary acting as strong resistance at 10.58 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 10.9 levels confirmed the breakout from the 16 month-long cup & handle continuation with the possible chart pattern price target of 12.15 levels. Please note that the stock has low liquidity. I’m featuring this name with other regional banks to highlight a developing bullish theme in the sector. (Learn more: Video Tutorial)

 

GLOBAL EQUITY MARKETS - May 5, 2018

ONEOK INC (OKE)

ONEOK, Inc. is an energy midstream service provider in the United States. The Company owns and operates natural gas liquids (NGL) systems, and is engaged in the gathering, processing, storage and transportation of natural gas. The Company’s operations include a 38,000-mile integrated network of NGL and natural gas pipelines, processing plants, fractionators and storage facilities in the Mid-Continent, Williston, Permian and Rocky Mountain regions. The Company operates through three business segments. The Natural Gas Gathering and Processing segment provides midstream services to contracted producers in North Dakota, Montana, Wyoming, Kansas and Oklahoma. The Natural Gas Liquids segment owns and operates facilities that gather, fractionate, treat and distribute NGLs and store NGL products primarily in the Mid-Continental, Permian Basin and the Rocky Mountain regions. The Natural Gas Pipelines segment provides transportation and storage services to end users. The stock is listed on the New York Stock Exchange. Price chart formed a 16 month-long cup & handle continuation with the horizontal boundary acting as strong resistance at 59.85 levels. The daily close above 61.65 levels confirmed the breakout from the 16 month-long cup & handle continuation with the possible chart pattern price target of 71 levels.

 

CTT SYSTEMS AB (CTTS.ST)

CTT Systems AB is a Sweden-based technology company engaged in the aviation industry. The Company develops, manufactures and sells humidity control systems for commercial aircrafts. The stock is listed on the Stockholm Stock Exchange. Price chart formed a year-long cup & handle continuation chart pattern with the horizontal boundary acting as strong resistance at 176.0 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 181 levels confirmed the breakout from the year-long cup & handle continuation with the possible chart pattern price target of 223 levels. Please note that this is a small-cap company and liquidity is low.

 

PORR AG (ABGV.VI)

Porr AG, formerly known as Allgemeine Baugesellschaft A Porr AG, is an Austrian holding and construction company. The Company provides services diversified into building construction, civil engineering, infrastructure construction, project development and environmental engineering. The Company has a number of offices located in Central, Eastern and South-Eastern Europe. Its services range from residential construction to infrastructure projects. The building construction services cover offices, hotels, universities and football stadiums, among others. The civil engineering services cover tunnels, bridges, railways and power plants, among others. The infrastructure construction services cover traffic infrastructure. The project development services are carried out by the Company’s subsidiaries Strauss & Partner Development GmbH, PORREAL Immobilien Management GmbH and UBM Realitaetenentwicklung AG. The environmental engineering services include design, financing and operation of plants. The stock is listed on the Vienna Stock Exchange. Price chart formed a 10 month-long ascending triangle that is possibly acting as a bottom reversal. Ascending triangle is a bullish chart pattern. Rising lows and horizontal resistance gives the chart pattern its bullish bias. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 31.75 levels confirmed the breakout from the 10 month-long ascending triangle with the possible chart pattern price target of 38.6 levels.

TOD’S SPA (TOD.MI)

TOD’S S.p.A. is a holding company. The Company creates, produces and distributes shoes, leather goods and accessories, and apparel. The Company operates in the luxury sector under its brands, TOD’S, HOGAN and FAY, and licensed brand, ROGER VIVIER. It produces shoes and leather goods in its plants, with partial outsourcing to specialized workshops. The Company offers its products to customers through a network of specialized stores. The TOD’S brand offers shoes and luxury leather goods. The stock is listed on the Milan Stock Exchange. Price chart formed a 10 month-long rectangle with the upper boundary acting as strong resistance at 62.25 levels. Rectangle chart pattern is possibly acting as a bottom reversal. The upper boundary was tested several times over the course of the chart pattern. The daily close above 64.15 levels confirmed the breakout from the 10 month-long rectangle with the possible chart pattern price target of 70.25 levels.

 

GLOBAL EQUITY MARKETS - April 28, 2018

COSMAX BTI INC (044820.KS)

COSMAXBTI, INC. is a Korea-based company mainly engaged in manufacturing cosmetics. Through its subsidiaries in China, Indonesia and the United Sates, the Company operates its business through three segments: cosmetics segment, which produces cosmetics such as skin care, make-up, hair care and functional cosmetics; healthy food segment, which produces vitamins and diet drugs, and other segment, which produces cosmetics and plastic pumps. The Company distributes its products within domestic market and to overseas markets. The stock is listed on the Korea Stock Exchange. Price chart formed a 16 month-long head and shoulder bottom with the horizontal boundary acting as strong resistance at 39.1K levels. The upper boundary was tested several times over the course of the chart pattern. The daily close above 40.5K levels confirmed the breakout from the 16 month-long head and shoulder bottom with the possible chart pattern price target of 55.5K levels.

 

WPX ENERGY INC (WPX)

WPX Energy, Inc. is an oil and natural gas exploration and production company. The Company is engaged in the exploitation and development of unconventional properties. It operates in the exploration and production segment of the oil and gas industry and its operations are conducted in the United States. It is focused on exploiting, developing and growing its oil positions in the Delaware (a subset of the Permian Basin) and San Juan Basins in the southwestern United States and the Williston Basin in North Dakota. As of December 31, 2016, it operated 642 wells in the Delaware Basin and also owned interests in 783 wells operated by others. As of December 31, 2016, it held approximately 98,000 acres in the Delaware Basin, with operations located in Eddy, Lea and Chaves Counties in New Mexico and Loving, Pecos, Reeves, Ward and Winkler Counties in Texas. Its activity in the Delaware Basin is focused on the Wolfcamp Shale formation, the Bone Spring interval and the Delaware sand interval. The stock is listed on the New York Stock Exchange. Price chart formed a 16 month-long cup & handle continuation with the horizontal boundary acting as resistance at 16.15 levels. The daily close above 16.7 levels confirmed the breakout from the 16 month-long cup & handle continuation with the possible chart pattern price target of 23 levels.

RENASANT CORP (RNST.O)

Renasant Corporation is a bank holding company that owns and operates Renasant Bank (the Bank) and Renasant Insurance, Inc. (Renasant Insurance). The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 15 month-long rectangle with the strong horizontal boundary acting as resistance at 44.8 levels. The daily close above 46.15 levels confirmed the breakout from the multi month-long consolidation. Breakout pushed the stock to all time high levels. Possible rectangle chart pattern price target stands at 51.5 levels. Stocks that complete bullish continuation chart patterns and reach new all-time highs usually offer long-term opportunity. (Learn more: Video Tutorial – Rectangle)

GLOBAL EQUITY MARKETS - April 21, 2018

MARUHA NICHIRO CORP (1333.T)

Maruha Nichiro Corporation is principally engaged in the operation of fishery and fishing business, commercial business, overseas business, processed business, logistics business. The Fishery and Fishing segment is engaged in the fishing, purchase of fishes and shellfishes. The Commercial segment is engaged in the purchase and sales of aquatic products and livestock products. The Overseas segment is engaged in the sales of aquatic products and processed food products. The Processed segment is engaged in the manufacturing and sales of frozen food, canned food, fish sausages, desserts, spices and other processed food. The Logistics segment is engaged in the storage and transportation of frozen food. The Company is also engaged in the storage of feedstuff, the provision of marine transportation service, the leasing of real estate, and the manufacturing and sale of furs. The stock is listed on the Tokyo Stock Exchange. Price chart formed a year-long ascending triangle with the horizontal boundary acting as strong resistance at 3,560 levels. The upper boundary was tested several times over the course of the chart pattern. The daily close above 3,665 levels confirmed the breakout from the year-long ascending triangle with the possible chart pattern price target of 4,250 levels. (Learn more: Video Tutorial – Ascending Triangle as a continuation)

 

BOLIDEN AB (BOL.ST)

Boliden AB is a Sweden-based parent company of the Boliden Group (the Group), which principal operations involve the mining and production of metals and operations compatible therewith. The stock is listed on the Stockholm Stock Exchange. Price chart formed a 5 month-long symmetrical triangle with the upper boundary acting as resistance at 298 levels. The upper boundary was tested several times over the course of the chart pattern. Symmetrical triangle chart pattern is possibly acting as a bullish continuation. The daily close above 307 levels confirmed the breakout from the 5 month-long symmetrical triangle with the possible chart pattern price target of 344 levels. (Learn more: Video Tutorial – Symmetrical Triangle as a bullish continuation)

 

SELIGSON & CO OMX HELSINKI 25 ETF (SLGOMXH25.HE)

The SELIGSON & CO OMX HELSINKI 25 ETF is a publicly traded fund (UCITS ETF), which invests in listed equities on the Helsinki Stock Exchange. The Fund aims to track its index with as low costs as possible. It tracks its index mainly by direct investments in the equities in the index. The Fund invests in equities in OMX Helsinki 25 equity index. SELIGSON & CO OMX HELSINKI 25 ETF is listed on the Helsinki Stock Exchange. Price chart formed a 10 month-long ascending triangle with the upper boundary acting as strong resistance at 46.5 levels. The upper boundary was tested several times over the course of the chart pattern. The daily close above 47.2 levels confirmed the breakout from the 10 month-long bullish continuation chart pattern with the possible price target of 50 levels. Breakout from the multi-month long consolidation pushed the ETF to all-time highs. (Learn more: Video Tutorial – Ascending Triangle as a bullish continuation)

 

FAGRON NV (FAGRO.BR)

Fagron NV, formerly Arseus NV, is a Belgium-based company that is active in the healthcare sector. The stock is listed on the Brussels Stock Exchange. Price chart formed a 9 month-long rectangle with the upper boundary acting as resistance at 13.3 levels. The upper boundary was tested several times over the course of the chart pattern. The daily close above 13.7 levels confirmed the breakout from the 9 month-long rectangle with the possible chart pattern price target of 16.5 levels. (Learn more: Video Tutorial – Rectangle)

 

TOTAL SA (TOTF.PA)

Total S.A. (Total) is an oil and gas company. The Company has three segments: an Upstream segment, including the activities of the exploration and production of hydrocarbons, and the activities of gas and power; a Refining & Chemicals segment constituting an industrial hub consisting of the activities of refining, petrochemicals and specialty chemicals, and also includes the activities of oil trading and shipping, and a Marketing & Services segment, including the activities of supply and marketing in the field of petroleum products, as well as the activity of New Energies. Its Corporate segment includes holdings operating and financial activities. The Company operates in the renewable energies and power generation sectors. It is engaged in various sectors of oil and gas industry, including upstream (hydrocarbon exploration, development and production) and downstream (refining, petrochemicals, specialty chemicals, trading and shipping of crude oil and petroleum products and marketing). The stock is listed on the Paris Stock Exchange. Price chart formed a 16 month-long bullish Head and Shoulder continuation chart pattern with the horizontal boundary acting as strong resistance at 49.15 levels. The upper boundary was tested several times over the course of the chart pattern. A daily close above 50.65 levels confirmed the breakout from the 16 month-long Head and Shoulder continuation with the possible chart pattern price target of 55.5 levels.

 

ALTRIA GROUP INC (MO)

Altria Group, Inc. is a holding company. The Company’s segments include smokeable products, smokeless products and wine. The Company’s subsidiaries include Philip Morris USA Inc. (PM USA), which is engaged in the manufacture and sale of cigarettes in the United States; John Middleton Co. (Middleton), which is engaged in the manufacture and sale of machine-made cigars and pipe tobacco, and UST LLC (UST), which, through its subsidiaries, including U.S. Smokeless Tobacco Company LLC (USSTC) and Ste. Michelle Wine Estates Ltd. (Ste. Michelle), is engaged in the manufacture and sale of smokeless tobacco products and wine. Its other operating companies include Nu Mark LLC (Nu Mark), a subsidiary that is engaged in the manufacture and sale of tobacco products, and Philip Morris Capital Corporation (PMCC), a subsidiary that maintains a portfolio of finance assets. Other subsidiaries include Altria Group Distribution Company and Altria Client Services LLC. The stock is listed on the New York Stock Exchange. Price chart formed a 22 month-long H&S top reversal with the horizontal boundary (neckline) acting as strong support at 61.00 levels. The neckline was tested several times over the course of the chart pattern. The daily close below 59.15 levels confirmed the breakdown from the 22 month-long H&S top reversal with the possible chart pattern price target of 48.85 levels.

ENDEAVOUR SILVER CORP (EXK)

Endeavour Silver Corp. is engaged in silver mining in Mexico, and related activities, including property acquisition, exploration, development, mineral extraction, processing, refining and reclamation. The Company is engaged in exploration activities in Chile. The Company’s operating mining segments include Guanacevi, Bolanitos and El Cubo, which are located in Mexico, as well as Exploration and Corporate segments. The Exploration segment consists of projects in the exploration and evaluation phases in Mexico and Chile. The Company produces silver-gold from its underground mines at Guanacevi, Bolanitos and El Cubo in Mexico. Its exploration projects include Guadalupe y Calvo, Parral Mine, Terronera and Lourdes. The Company conducts its business primarily in Mexico through its subsidiary companies, such as Endeavour Gold Corporation, S.A. de C.V., Minera Plata Adelante, S.A. de C.V., Refinadora Plata Guanacevi, S.A. de C.V., Minas Lupycal S.A. de C.V. and MXRT Holdings Inc. The stock is listed on the New York Stock Exchange. Price chart formed an 8 month-long head and shoulder bottom with the horizontal boundary acting as resistance at 2.73 levels. The neckline was tested several times over the course of the chart pattern. The daily close above 2.82 levels confirmed the breakout from the 8 month-long head and shoulder bottom with the possible chart pattern price target of 3.50 levels. Completion of the 8 month-long H&S bottom is possibly reversing the 2 year-long downtrend.

GLOBAL EQUITY MARKETS - April 14, 2018

UBISOFT ENTERTAINMENT SA (UBIP.PA)

Ubisoft Entertainment SA is a France-based company that is engaged in the development, publishing and distribution of video games. The stock is listed on the Paris Stock Exchange. Price chart formed a 4 month-long rectangle with the horizontal boundary acting as strong resistance at 71.9 levels. Chart pattern boundary was tested several times over the past four months. The daily close above 74 levels confirmed the breakout from the rectangle with the possible price target of 81.4 levels. (Learn more: Video Tutorial – Rectangle)

 

INDUSIND BANK LTD (INBK.NS)

IndusInd Bank Limited (the Bank) is engaged in banking and para-banking services. The Bank is involved in accepting deposits, such as savings accounts, current accounts and fixed deposits, and banking solutions. The Bank is engaged in granting loans to various segments, such as industries and businesses, and retail loans; financing a range of vehicles or equipment to individuals, and priority sector lending. The stock is listed on the National Stock Exchange of India. Price chart formed a 6 month-long rectangle with the upper boundary acting as resistance at 1,800 levels. IndusInd Bank Limited has been in a steady uptrend over the past 2 years and the latest consolidation is possibly acting as a bullish continuation. The daily close above 1,850  levels confirmed the breakout from the 6 month-long rectangle with the possible chart pattern price target of 2,000 levels. (Learn more: Video Tutorial – Rectangle)

RETROPHIN INC (RTRX.O)

Retrophin, Inc. is a biopharmaceutical company. The Company is focused on the development, acquisition and commercialization of therapies for the treatment of serious, catastrophic or rare diseases. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 5 month-long rectangle with the upper boundary acting as resistance at 25.6 levels. Rectangle chart pattern is possibly acting as a bullish continuation. The daily close above 26.4 levels confirmed the breakout from the 5 month-long rectangle with the possible chart pattern price target of 30.45 levels. (Learn more: Video Tutorial – Rectangle)

 

CTS CORP (CTS)

CTS Corporation is a manufacturer of sensors, electronic components and actuators. The Company designs, manufactures and sells a line of sensors, electronic components and actuators primarily to original equipment manufacturers (OEMs) for the transportation, industrial, medical, information technology, defense and aerospace, and communications markets. The stock is listed on the New York Stock Exchange. Price chart formed a 4 month-long rectangle with the horizontal boundary acting as strong resistance at 28.4 levels. The upper boundary was tested several times over the course of the chart pattern. The daily close above 29.25 levels confirmed the breakout from the 4 month-long rectangle with the possible chart pattern price target of 31.6 levels. (Learn more: Video Tutorial – Rectangle)

 

HOUSTON WIRE & CABLE CO (HWCC.O)

Houston Wire & Cable Company is a holding company. The Company is engaged in provision of electrical and mechanical wire and cable, hardware and related services. It operates through sales of wire and cable, hardware and related services segment in the United States market. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 30 month-long rectangle with the upper boundary acting as strong resistance at 7.7 levels. Multi-month rectangle chart pattern is possibly acting as a bottom reversal. The upper boundary was tested several times over the course of the chart pattern. The daily close above 7.95 levels confirmed the breakout from the 30 month-long rectangle with the possible chart pattern price target of 10.5 levels.

GLOBAL EQUITY MARKETS - April 7, 2018

MRF LTD (MRF.NS)

MRF Limited is engaged in the manufacture and sale of automotive tires, tubes and flaps, among others. The Company also manufactures rubber products, such as tread rubber and conveyor belt. The stock is listed on the National Stock Exchange of India. Price chart formed an 8 month-long cup & handle continuation with the horizontal boundary acting as strong resistance at 74,100 levels. The daily close above 76,300 levels confirmed the breakout from the 8 month-long cup & handle continuation with the possible chart pattern price target of 86,300 levels. (Learn more: Video Tutorial – Cup & Handle continuation)

ADVANCED MICRO DEVICES INC (AMD.O)

Advanced Micro Devices, Inc. is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors and semi-custom System-on-Chip (SoC) products and technology for game consoles. The Company’s segments include the Computing and Graphics segment, and the Enterprise, Embedded and Semi-Custom segment. The Computing and Graphics segment primarily includes desktop and notebook processors and chipsets, discrete GPUs and professional graphics. The Enterprise, Embedded and Semi-Custom segment primarily includes server and embedded processors, semi-custom SoC products, development services, technology for game consoles and licensing portions of its intellectual property portfolio. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a year-long descending triangle with the horizontal boundary acting as strong support at 9.90 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close below 9.60 levels confirmed the breakdown from the year-long descending triangle with the possible chart pattern price target of 6.35 levels. (Learn more: Video tutorial – Descending triangle as a bearish reversal chart pattern)

 

GLOBAL EQUITY MARKETS - March 31, 2018

WASHINGTON H SOUL PATTINSON AND COMPANY LTD (SOL.AX)

Washington H. Soul Pattinson and Company Limited is engaged in ownership of shares, coal mining, gold and copper mining and refining, property investment and consulting. The stock is listed on the Australia Stock Exchange. Price chart formed a 9 month-long symmetrical triangle with the upper boundary acting as strong resistance at 18.00 levels. The upper boundary was tested several times over the course of the chart pattern. The daily close above 18.5 levels confirmed the breakout from the 9 month-long symmetrical triangle with the possible chart pattern price target of 21.3 levels. (Learn more: Video Tutorial – Symmetrical Triangle as a bullish continuation)

 

CODAN LTD (CDA.AX)

Codan Limited develops electronics solutions for government, corporate, non-governmental organization (NGO) and consumer markets across the globe. The Company’s segments include communications equipment, metal detection and tracking solution. The stock is listed on the Australia Stock Exchange. Price chart formed an 8 month-long rectangle with the upper boundary acting as strong resistance at 2.50 levels. The daily close above 2.58 levels confirmed the breakout from the 8 month-long rectangle with the possible chart pattern price target of 3.00 levels. (Learn more: Video Tutorial – Rectangle)

 

FORTESCUE METALS GROUP LTD (FMG.AX)

Fortescue Metals Group Limited is engaged in the exploration, development, production, processing and sale of iron ore. It owns and operates an integrated supply chain, including its approximately five berth Herb Elliott Port in Port Hedland and the heavy haul railway with approximately 42 ton axle load capacity over 620 kilometers of track. Its operations span over four mine sites in the Pilbara. The Chichester Hub, which includes the Cloudbreak and Christmas Creek mines, is located in the Chichester Ranges, and produces over 90 million tons per annum (mtpa) from three ore processing facilities. The Solomon Hub is located in the Hamersley Ranges, and includes the Firetail and Kings Valley mines, which produce in excess of 70 mtpa. The Company owns and operates its purpose designed rail and port facilities, constructed to deliver iron ore from its mines to Port Hedland and onto its customers. Its Iron Bridge Magnetite project is located over 100 kilometers south of Port Hedland. The stock is listed on the Australia Stock Exchange. Price chart formed a year-long descending triangle with the horizontal boundary acting as strong support at 4.50 levels. Descending triangle is possibly acting as a bearish top reversal. Its downward sloping trend line connecting the lower highs gives its bearish bias. The horizontal boundary was tested several times over the course of the chart pattern. The daily close below 4.36 levels confirmed the breakdown from the year-long descending triangle with the possible chart pattern price target of 3.05 levels. (Learn more: Video tutorial – Descending triangle as a bearish reversal chart pattern)

GOLDFIELD CORP (GV)

The Goldfield Corporation (Goldfield) is engaged in the construction of electrical infrastructure for the utility industry and industrial customers. The Company serves customers in the Southeast and mid-Atlantic regions of the United States, including Texas. It operates through electrical construction segment. The Company’s electrical construction business includes the construction of transmission lines, concrete foundations, distribution systems, fiber optic splicing, substations and other electrical services. Through the Company’s subsidiaries, Power Corporation of America (PCA), Southeast Power Corporation (Southeast Power), and C and C Power Line, Inc. (C&C), the Company is engaged in the construction and maintenance of electric utility facilities for electric utilities and industrial customers. The stock is listed on the New York Stock Exchange. Price chart formed a 9 month-long H&S continuation chart pattern (bearish) with the horizontal boundary (neckline) acting as strong support at 4.00 levels. The neckline was tested several times over the course of the chart pattern. The daily close below 3.88 levels confirmed the breakdown from the 9 month-long H&S continuation with the possible chart pattern price target of 2.6 levels.

GLOBAL EQUITY MARKETS - March 24, 2018

CHINA GAS HOLDINGS LTD (0384.HK)

CHINA GAS HOLDINGS LIMITED is a Hong Kong-based investment holding company principally engaged in gas businesses. The Company’s main businesses include the investment, construction and operation of gas pipeline infrastructure facilities, gas terminals, storage and transportation facilities and gas logistics systems, the transmission of natural gas and liquefied petroleum gas (LPG), the construction and operation of gas refilling stations, as well as the development and application of technologies related to natural gas and LPG. The stock is listed on the Hong Kong Stock Exchange. Price chart formed a 6 month-long head and shoulder continuation with the horizontal boundary acting as strong resistance at 25.2 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 26 levels confirmed the breakout from the 6 month-long head and shoulder continuation with the possible chart pattern price target of 29.85 levels. (Learn more: Video Tutorial – Head & Shoulder continuation)

 

TOWNGAS CHINA CO LTD (1083.HK)

Towngas China Company Limited is an investment holding company principally engaged in the sales and distribution of piped gas. Its business includes the provision of piped gas, construction of gas pipelines, the operation of city gas pipeline network, the operation of gas fuel automobile refilling stations and the sale of gas household appliances. The stock is listed on the Hong Kong Stock Exchange. Price chart formed a 4 month-long rectangle with the upper boundary acting as resistance at 6.63 levels. The daily close above 6.82 levels confirmed the breakout from the 4 month-long rectangle with the possible chart pattern price target of 7.40 levels. (Learn more: Video Tutorial – Rectangle)

 

BNP PARIBAS SA (BNPP.PA)

BNP Paribas SA is a France-based company engaged in the financial industry. The Company provides banking and financial services. The stock is listed on the Paris Stock Exchange. Price chart formed a 10 month-long rectangle. Both the upper boundary and the lower boundary was tested several times over the past 10 months.  The daily close below 60 levels confirmed the rectangle as a possible reversal chart pattern and suggests lower levels. Chart pattern price target stands at 55.75 levels.

 

GLOBAL EQUITY MARKETS - March 17, 2018

TUESDAY MORNING CORP (TUES.O)

Tuesday Morning Corporation is an off-price retailer. The Company specializes in selling discounted, upscale decorative home accessories, housewares, seasonal goods and famous-maker gifts. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 5 month-long rectangle with the upper boundary acting as resistance at 3.35 levels. Since the beginning of 2015, the stock has been in a steady downtrend, below its long-term average. The downtrend formed a parallel trend channel. Breakout from the 5 month-long rectangle completed the bullish continuation chart pattern and also reversed the the 3 year-long downtrend. The daily close above 3.45 levels confirmed the breakout from the 5 month-long rectangle with the possible chart pattern price target of 4.27 levels. Recent breakout can be the beginning of a larger scale uptrend. (Learn more: Video Tutorial – Rectangle)

  

FIRST DEFIANCE FINANCIAL CORP (FDEF.O)

First Defiance Financial Corp. is a unitary thrift holding company that focuses on traditional banking and property and casualty, life and group health insurance products. The Company operates through its subsidiaries, First Federal Bank of the Midwest (First Federal or the Bank), First Insurance Group of the Midwest, Inc. (First Insurance) and First Defiance Risk Management Inc. (First Defiance Risk Management). The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 9 month-long head and shoulder continuation chart pattern with the horizontal boundary (neckline) acting as resistance at 56.6 levels. The right shoulder of the H&S continuation possibly completed a symmetrical triangle. The daily close above 58.3 levels confirmed the breakout from the 9 month-long head and shoulder continuation with the possible chart pattern price target of 65.5 levels. Breakout from both chart patterns pushed the stock to all-time highs. We are seeing breakouts on U.S. regional bank equities. (Learn more: Video Tutorial – Head & Shoulder continuation)

 

GENCO SHIPPING & TRADING LTD (GNK)

Genco Shipping & Trading Limited transports iron ore, coal, grain, steel products and other drybulk cargoes along shipping routes through the ownership and operation of drybulk carrier vessels. The Company is engaged in the ocean transportation of drybulk cargoes around the world through the ownership and operation of drybulk carrier vessels. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 15 month-long ascending triangle with the upper boundary acting as strong resistance at 14.75 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 15.2 levels confirmed the breakout from the 15 month-long ascending triangle with the possible chart pattern price target of 22.65 levels. (Learn more: Video Tutorial – Ascending Triangle as a continuation)

KINGBOARD LAMINATES HOLDINGS LTD (1888.HK)

Kingboard Laminates Holdings Limited is an investment holding company principally engaged in the manufacture and sale of laminates. The stock is listed on the Hong Kong Stock Exchange. Price chart formed a 5 month-long rectangle with the upper boundary acting as resistance at 14.40 levels. The daily close above 14.85 levels confirmed the breakout from the 5 month-long rectangle with the possible chart pattern price target of 17.15 levels. Breakout also pushed the stock to all-time highs. (Learn more: Video Tutorial – Rectangle)

 

YUEXIU REAL ESTATE INVESTMENT TRUST (0405.HK)

YUEXIU REAL ESTATE INVESTMENT TRUST is a Hong Kong-based real estate investment trust (REIT). The investment objective of the REIT is to achieve steady rental income through investing in office buildings, retailing malls and hotel and serviced apartments, for maintaining and enhancing property value. The stock is listed on the Hong Kong Stock Exchange. Price chart formed a 5 month-long ascending triangle with the horizontal boundary acting as resistance at 5.25 levels. The daily close above 5.35 levels confirmed the breakout from the 5 month-long ascending triangle with the possible chart pattern price target of 5.65 levels. Breakout pushed the stock to all-time highs. (Learn more: Video Tutorial – Ascending Triangle as a continuation)

QALAA HOLDINGS SAE (CCAP.CA)

Qalaa Holdings SAE, formerly Citadel Capital SAE, is an Egypt-based company engaged in the private equity investment activities. The Company manages an investment portfolio that consist of 19 Opportunity-Specific Funds (OSFs), which controls entities platform distributed across 12 countries in the Middle Eastern and North African markets, and span 14 industrial sector such as energy, cement manufacturing, solid waste management, real estate, mining, agricultural, glass manufacturing, transportation and metallurgy. The stock is listed on the Cairo Stock Exchange. Price chart formed a 5 month-long rectangle with the upper boundary acting as resistance at 1.50 levels. The daily close above 1.55 levels confirmed the breakout from the 5 month-long rectangle with the possible chart pattern price target of 1.78 levels. Chart pattern price target was met during the week. (Learn more: Video Tutorial – Rectangle)

 

GLOBAL EQUITY MARKETS - March 10, 2018

HEALTHEQUITY INC (HQY.O)

HealthEquity, Inc. provides a range of solutions for managing healthcare accounts (Health Savings Accounts (HSAs), Health Reimbursement Arrangements (HRAs) and Flexible Spending Accounts (FSAs)) for health plans, insurance companies and third-party administrators. The Company is engaged in technology-enabled services platforms that allow consumers to make healthcare saving and spending decisions. The stock is listed on the Nasdaq Stock Exchange. Price chart formed an 8 month-long ascending triangle with the upper boundary acting as strong resistance at 55.15 levels. Ascending triangle is a bullish continuation chart pattern. The upward sloping lower boundary and the horizontal resistance gives its bullish bias. The daily close above 56.8 levels confirmed the breakout from the 8 month-long ascending triangle with the possible chart pattern price target of 70 levels. (Learn more: Video Tutorial – Ascending Triangle as a bullish continuation)

 

CIVISTA BANCSHARES INC (CIVB.O)

Civista Bancshares, Inc. is a financial holding company. The Company, through the subsidiary bank, Civista Bank, is primarily engaged in the business of community banking. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a year-long cup & handle bullish continuation chart pattern with the upper boundary acting as strong resistance at 23.55 levels. The upper boundary was tested several times over the course of the chart pattern. The daily close above 24.25 levels  confirmed the breakout from the year-long cup & handle with the possible chart pattern price target of 28.25 levels. (Learn more: Video Tutorial – Cup & Handle continuation)

RENAULT SA (RENA.PA)

Renault SA is a France based company primarily engaged in the manufacture of automobiles and the provision of related services. It is structured into two segments: the Automobile division, which handles the design, manufacture and marketing of passenger cars and light commercial vehicles, under Renault, Renault Samsung Motors and Dacia brands, and the Sales Financing division, which provides financial and commercial services related to the sales activities, and is comprised of RCI Banque and its subsidiaries. The stock is listed on the Paris Stock Exchange. Price chart formed a long-term symmetrical triangle and was featured in the breakout alerts section of November 4, 2017 Global Equity Markets report. Since then the stock had a sharp pullback and reached the chart pattern negation level. The pullback can be identified as the right shoulder of a year-long H&S continuation chart pattern. The horizontal boundary of the possible bullish continuation chart pattern acted as resistance at 90 levels. This is possibly the secondary completion of the multi-year long consolidation. The daily close above 92.7 levels confirmed the breakout from the year-long H&S continuation chart pattern with the possible price target of 105 levels. (Learn more: Video Tutorial – H&S bullish continuation)

KEYWORDS STUDIOS PLC (KWS.L)

Keywords Studios Plc supplies localization and localization testing services. The stock is listed on the London Stock Exchange. Price chart formed a 4 month-long rectangle with the upper boundary acting as strong resistance at 1,675 levels. The upper boundary was tested several times over the course of the chart pattern. The daily close above 1,725 levels confirmed the breakout from the 4 month-long rectangle with the possible chart pattern price target of 1,980 levels. (Learn more: Video Tutorial – Rectangle)

 

YAKUODO CO LTD (3385.T)

YAKUODO. Co., Ltd. is primarily engaged in retailing daily necessities, such as pharmaceuticals, cosmetics, foods and grocery. The stock is listed on the Tokyo Stock Exchange. Price chart formed a 6 month-long rectangle with the horizontal boundary acting as strong resistance at 3,520 levels. The stock has been in a steady uptrend and the breakout from the rectangle chart pattern can push the stock to all-time high levels. The daily close above 3,625 levels confirmed the breakout from the 6 month-long rectangle with the possible chart pattern price target of 4,200 levels. Stocks that hold well during market corrections are likely to be the first ones to clear resistances and complete consolidations once the positive momentum returns to the markets. YAKUODO. Co., Ltd. is breaking out to all-time highs. (Learn more: Video Tutorial – Rectangle)

 

SHINNIHON CORP (1879.T)

SHINNIHON CORPORATION is a Japan-based construction company. The Company is comprised of two segments: Construction and Development. In its Construction segment, it engages in the design, planning and management of building construction and civil engineering works. It also operates repair construction for small-scale buildings. In its Development segment, the Company is engaged in the purchase of lands, construction and sale of buildings, as well as the allotment sale of housing estates. The stock is listed on the Tokyo Stock Exchange. Price chart formed a 15 month-long head and shoulder continuation chart pattern with the horizontal boundary (neckline) acting as strong resistance at 1,050 levels. The upper boundary was tested several times over the course of the chart pattern. The daily close above 1,080 levels confirmed the breakout from the 15 month-long head and shoulder continuation with the possible chart pattern price target of 1,300 levels.  (Learn more: Video Tutorial – Head & Shoulder continuation)

 

GLOBAL EQUITY MARKETS - March 3, 2018

TELADOC INC (TDOC.K)

Teladoc, Inc. is a telehealth company. The Company offers telehealth platform, delivering on-demand healthcare anytime, anywhere, through mobile devices, the Internet, video and phone. The Company’s solution connects its Members, with its over 3,000 board certified physicians and behavioral health professionals treating a range of conditions and cases from acute diagnoses, such as upper respiratory infection, urinary tract infection and sinusitis to dermatological conditions, anxiety and smoking cessation. The stock is listed on the New York Stock Exchange. Price chart formed a 7 month-long rectangle with the upper boundary acting as strong resistance at 37.5 levels. The upper boundary was tested several times over the course of the chart pattern. The daily close above 38.6 levels confirmed the breakout from the 7 month-long rectangle with the possible chart pattern price target of 46.55 levels. Breakout from the multi-month long rectangle chart pattern pushed the stock to all-time high levels. (Learn more: Video Tutorial – Rectangle)

 

ICF INTERNATIONAL INC (ICFI.O)

ICF International, Inc. provides professional services and technology-based solutions to government and commercial clients, including management, technology, and policy consulting and implementation services. The Company’s services address four markets: energy, environment and infrastructure; health, education and social programs; safety and security, and consumer and financial. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 4 month-long flag or rectangle continuation with the upper boundary acting as resistance at 56.15 levels. The upper boundary was tested several times over the course of the chart pattern. The daily close above 57.8 levels confirmed the breakout from the 4 month-long flag or rectangle continuation with the possible chart pattern price target of 67.5 levels. Read more on the possible price target calculation for Flag using the half mast technique: (Flag as a measuring pattern – Tech Charts Study)

 

PACIFIC PREMIER BANCORP INC (PPBI.O)

Pacific Premier Bancorp, Inc. is a bank holding company. The Company’s subsidiary, Pacific Premier Bank (the Bank), is a California state-chartered commercial bank. The Company’s principal business is attracting deposits from small and middle market businesses and consumers and investing those deposits together with funds generated from operations and borrowings, primarily in commercial business loans and various types of commercial real estate (CRE) loans. The stock is listed on the Nasdaq Stock Exchange. Price chart formed an 11 month-long cup & handle continuation chart pattern with the horizontal boundary acting as resistance at 41.8 levels. The daily close above 43 levels confirmed the breakout from the 11 month-long cup & handle with the possible chart pattern price target of 50 levels. (Learn more: Video Tutorial – Cup & Handle continuation)

COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO – SABESP (SBS)

Companhia de Saneamento Basico do Estado de Sao Paulo-SABESP is a water and sewage service provider. The Company provides water and sewage services to a range of residential, commercial, industrial and governmental customers in over 360 municipalities in the state of Sao Paulo, including the city of Sao Paulo. The stock is dual listed on the Sao Paulo Stock Exchange as well as the New York Stock Exchange. The chart below features the NYSE listing. Price chart formed a 13 month-long ascending triangle with the upper boundary acting as strong resistance at 11.2 levels. The upper boundary was tested several times over the course of the chart pattern. The daily close above 11.55 levels confirmed the breakout from the 13 month-long ascending triangle with the possible chart pattern price target of 14.35 levels. (Learn more: Video Tutorial – Ascending Triangle as a continuation)

 

ERCROS SA (ECR.MC)

Ercros SA is a Spain-based company engaged, together with its subsidiaries, in the chemical industry. The stock is listed on the Madrid Stock Exchange. Price chart formed a year-long symmetrical triangle with the upper boundary acting as resistance at 3.13 levels. Symmetrical triangle is possibly acting as a bullish continuation chart pattern. The daily close above 3.22 levels confirmed the breakout from the year-long symmetrical triangle with the possible chart pattern price target of 4.4 levels. The weekly close was inside the chart pattern boundary. Next week I will look for renewed strength on this name. (Learn more: Video Tutorial – Symmetrical Triangle as a continuation)

 

JOHN MENZIES PLC (MNZS.L)

John Menzies plc provides time-critical logistics and support services. The Company operates through two segments: Distribution and Aviation. The Distribution segment provides newspaper and magazine distribution services along with marketing and logistics services across the United Kingdom and Ireland. The Aviation segment provides cargo and passenger ground handling services across the world. The stock is listed on the London Stock Exchange. Price chart formed an 11 month-long head and shoulder top with the horizontal boundary (neckline) acting as support at 660 levels. The daily close below 640 levels confirmed the breakdown from the 11 month-long head and shoulder top with the possible chart pattern price target of 580 levels. The highest level for the right shoulder (718) will serve as the chart pattern negation level; the point at which the H&S top will be invalidated. Read more on H&S failure here (Head & Shoulder Failure – Tech Charts Study(Learn more: Video Tutorial – H&S Top)

MS&AD INSURANCE GROUP HOLDINGS INC (8725.T)

MS&AD Insurance Group Holdings, Inc. is an insurance holding company. The Company is engaged in the management of non-life and life insurance companies, and companies qualified to become subsidiaries under insurance business law. Its segments include Domestic Non-life Insurance Business (MSI), Domestic Non-life Insurance Business (ADI), Domestic Non-life Insurance Business (Mitsui Direct General), Domestic Life Insurance Business (MSAL), Domestic Life Insurance Business (MSPL) and International Business (Overseas Insurance Subsidiaries). The stock is listed on the Tokyo Stock Exchange. Price chart formed a year-long rectangle with the boundaries acting as support at 3,445 and resistance at 3,985 levels. The daily close below 3,340 levels confirmed the chart pattern as a possible rectangle reversal and suggests lower levels in the coming weeks. Possible price target stands at 2,970 levels.

GLOBAL EQUITY MARKETS - February 24, 2018

ENVESTNET INC (ENV)

Envestnet, Inc. is a provider of financial and wealth management technology and services to financial advisors, investors and financial service providers. The Company’s segments are Envestnet and Envestnet Yodlee. The stock is listed on the New York Stock Exchange. Price chart formed a 4 month-long flag or rectangle continuation with the horizontal boundary acting as resistance at 55 levels. The daily close above 56.6 levels confirmed the breakout from the 4 month-long flag or rectangle continuation with the possible chart pattern price target of 67.85 levels. Read more on the possible price target calculation for Flag using the half mast technique: (Flag as a measuring pattern – Tech Charts Study)

WAGEWORKS INC (WAGE.K)

WageWorks, Inc. is engaged in administering Consumer-Directed Benefits (CDBs). The Company administers CBDs, including pre-tax spending accounts, such as Health Savings Accounts (HSAs), health and dependent care Flexible Spending Accounts (FSAs), and Health Reimbursement Arrangements (HRAs), as well as Commuter Benefit Services, including transit and parking programs, wellness programs, Consolidated Omnibus Budget Reconciliation Act (COBRA) and other employee benefits. The stock is listed on the New York Stock Exchange. Price chart formed an 18 month-long head and shoulder top with the horizontal boundary  (neckline) acting as strong support at 57 levels. The neckline was tested several times over the course of the chart pattern. The daily close below 55.25 levels confirmed the breakdown from the 18 month-long head and shoulder top with the possible chart pattern price target of 41.5 levels. (Learn more: Video Tutorial – H&S Top)

 

UNILEVER PLC (UL)

Unilever PLC is a fast-moving consumer goods (FMCG) company. The Company’s segments include Personal Care, which primarily includes sales of skin care and hair care products, deodorants and oral care products; Foods, which primarily includes sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads; Home Care, which primarily includes sales of home care products, such as powders, liquids and capsules, soap bars and a range of cleaning products, and Refreshment, which primarily includes sales of ice cream and tea-based beverages. The stock is listed on the New York Stock Exchange. Price chart formed an 8 month-long head and shoulder top with the horizontal boundary (neckline) acting as support at 53.85 levels. The right shoulder took longer to form than the the left shoulder. The daily close below 52.25 levels confirmed the breakdown from the 8 month-long head and shoulder top with the possible chart pattern price target of 48.5 levels. (Learn more: Video Tutorial – H&S Top)

GLOBAL EQUITY MARKETS - February 10, 2018

SIBANYE GOLD LTD (SGLJ.J, SBGL.K)

Sibanye Gold Limited is an independent, global precious metal mining company. The Company is engaged in producing a mix of metals that includes gold and the platinum group metals (PGMs). Its projects are grouped by two regions: the Southern Africa region and the Americas region. Its products include gold, platinum group metals and by-products. The Company’s gold project in the Southern Africa region includes Beatrix, Cooke, Driefontein, and Kloof. Its PGM projects include Kroondal, Rustenburg operations, Mimosa, and Platinum Mile. Its other projects in the Southern Africa region include Burnstone, Kloof Decline, Driefontein decline, The West Rand Tailings Retreatment Project (WRTRP) and The Southern Free State (SOFS) project. The Company’s PGM project in the Americas region includes East Boulder, Stillwater, and Columbus Metallurgical Complex. Its other projects in the Americas region include Blitz, Altar and Marathon. The stock is listed on the Johannesburg Stock Exchange as well as on the New York Stock Exchange via depository receipts. The daily close below 4.20 levels on the NYSE listing confirmed the breakdown of the multi-month long descending triangle with the possible chart pattern price target of 2.72 levels. The daily close below 1,345 levels confirmed the breakdown on the Johannesburg Stock Exchange listing with the possible price target of 850 levels. (Learn more: Video Tutorial – Descending Triangle as bearish continuation)

 

GLOBAL X SILVER MINERS ETF (SIL)

In December 2017, I discussed the weakness in Silver mining companies and related ETFs. Global X Silver Miners ETF breached its lower boundary of the bearish descending triangle at 31.25 levels, but was followed by a reversal into chart pattern boundary. The rebound was weak and couldn’t make it above the slanting boundary of the descending triangle. Over the past two weeks, the price sold off sharply and breached both the lower boundary of the multi-month long descending triangle and the previous low in December 2017. I’m weighing the possibility of a secondary completion of the 13 month-long bearish continuation chart pattern. A close below 29.40 (December 2017 low) will confirm the breakdown with the possible chart pattern price target of 23.30 levels. Silver mining equities are possibly targeting lower levels.

GLOBAL EQUITY MARKETS - February 3, 2018

REALTY INCOME CORP (O)

Realty Income Corporation is a real estate investment trust (REIT). The Company is engaged in in-house acquisition, portfolio management, asset management, credit research, real estate research, legal, finance and accounting, information technology and capital markets capabilities. The stock is listed on the New York Stock Exchange. Price chart formed a 13 month-long descending triangle with the lower boundary acting as strong support at 52.8 levels. The lower boundary was tested several times over the course of the chart pattern. Descending triangle is possibly acting as a bearish continuation chart pattern.  The daily close below 51.75 levels confirmed the breakdown from the 13 month-long descending triangle with the possible chart pattern price target of 44 levels. The breakdown of the descending triangle also reversed the multi-year long uptrend. (Learn more: Video Tutorial – Descending triangle as a bearish continuation)

TELENET GROUP HOLDING NV (TNET.BR)

Telenet Group Holding NV is a Belgium-based provider of media and communication services to the public and private sectors. It is focused on television (TV), Internet and telephony. The stock is listed on Brussels Stock Exchange. Price chart formed a 7 month-long symmetrical triangle with the upper boundary acting as resistance at 59.9 levels. Symmetrical triangle is possibly acting as a bullish continuation chart pattern. The daily close above 61.70 levels confirmed the breakout from the symmetrical triangle chart pattern with the possible price target of 67.10 levels. (Learn more: Video Tutorial -Symmetrical triangle bullish continuation)

 

GLOBAL EQUITY MARKETS - January 27, 2018

DIREXION DAILY MSCI BRAZIL BULL 3X SHARES (BRZU.K)

The DIREXION DAILY MSCI BRAZIL BULL 3X Fund seeks daily investment results, before fees and expenses, of 300% of the performance of the MSCI Brazil 25/50 Index. The Fund is different and riskier than most ETFs. The ETF is listed on the New York Stock Exchange. Price chart formed a 14 month-long rectangle with the upper boundary acting as strong resistance at 52.15 levels. The upper boundary was tested several times over the course of the chart pattern. Previous updates drew attention to the bullish chart development on Brazil’s BOVESPA Index with the breakout to all-time high levels. The daily close above 54 levels confirmed the breakout from the 14 month-long rectangle with the possible chart pattern price target of 81 levels. (Learn more: Video Tutorial – Rectangle)

 

BLACKSTONE GROUP LP (BX)

The Blackstone Group L.P. is a global alternative asset manager. The Company’s alternative asset management businesses include investment vehicles focused on private equity, non-investment grade credit, secondary private equity funds of funds and multi-asset class strategies. The stock is listed on the New York Stock Exchange. Price chart formed a 5 month-long rectangle with the upper boundary acting as resistance at 35 levels. The daily close above 36 levels confirmed the breakout from the bullish continuation chart pattern with the possible price target of 38.8 levels. (Learn more: Video Tutorial – Rectangle)

 

MANITEX INTL INC (MNTX.O)

Manitex International, Inc. is a provider of engineered specialty lifting and loading products. The stock is listed on the New York Stock Exchange. Price chart formed a year-long ascending triangle with the strong horizontal boundary acting as resistance at 9.80 levels. Ascending triangle is a bullish continuation chart pattern. The daily close above 10.05 levels confirmed the breakout from the multi-month consolidation with the possible chart pattern price target of 13.35 levels. (Learn more: Video Tutorial – Ascending Triangle as a continuation)

WORLD ACCEPTANCE CORP (WRLD.O)

World Acceptance Corporation operates a small-loan consumer finance business in 15 states and Mexico.  The Company offers short-term small installment loans, medium-term larger installment loans, related credit insurance and ancillary products and services to individuals. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 7 month-long rectangle with the strong horizontal boundary acting as resistance at 87.45 levels. The upper boundary was tested several times over the course of the chart pattern. The daily close above 90 levels confirmed the breakout from the rectangle continuation chart pattern and the chart pattern price target at 103.5 was met during the week. Breakouts from tight and well-defined consolidation ranges can be strong and reach their possible price target in a short period of time. (Learn more: Video Tutorial – Rectangle)

 

NOVARTIS AG (NVS)

Novartis AG is a holding company, which provides healthcare solutions. The Company is engaged in the research, development, manufacturing and marketing of a range of healthcare products led by pharmaceuticals. The stock is listed on the New York Stock Exchange. Price chart formed a 6 month-long rectangle with the upper boundary acting as resistance at 86.75 levels. The stock has been in a steady uptrend over the past year. The multi month-long rectangle acted as a bullish continuation chart pattern. The daily close above 88.50 levels confirmed the breakout and the chart pattern price target of 92.3 levels was met during the week. (Learn more: Video Tutorial – Rectangle)

 

AEGEAN AIRLINES SA (AGNr.AT)

Aegean Airlines SA is a Greece-based company, which operates in the sector of public airline transportations. The Company provides transport of passengers and goods inside and outside the Greek territory, conducting scheduled and unscheduled flights. The stock is listed on the Athens Stock Exchange. Price chart formed a 7 month-long rectangle with the upper boundary acting as resistance at 8.65 levels. The daily close above 8.82 levels confirmed the breakout from the bullish continuation chart pattern with the possible price target of 9.7 levels. (Learn more: Video Tutorial – Rectangle)

PRESSANCE CORP (3254.T)

PRESSANCE CORPORATION is a Japan-based company primarily engaged in the planning, development and sale of studio apartments, family apartments and apartments for the seniors. The stock is listed on the Tokyo Stock Exchange. Price chart formed year-long ascending triangle with the strong horizontal boundary acting as resistance at 1,550 levels. Price action over the past 7 months can also be identified as a rectangle chart pattern. The daily close above 1,595 levels confirmed the breakout from the bullish continuation chart pattern with the possible chart pattern price target of 1,900 levels. (Learn more: Video Tutorial – Ascending Triangle bullish continuation)

 

KELT EXPLORATION LTD (KEL.TO)

Kelt Exploration Ltd. is an oil and gas company based in Calgary, Alberta. The Company is focused on the exploration, development and production of crude oil and natural gas resources, primarily in west central Alberta and northeastern British Columbia. The stock is listed on the Toronto Stock Exchange. Price chart formed an 11 month-long rectangle with the strong horizontal boundary acting as resistance at 7.55 levels. The daily close above 7.76 levels confirmed the breakout from the bullish continuation chart pattern with the possible price target of 9.40 levels. (Learn more: Video Tutorial – Rectangle)

 

BANK OF COMMUNICATIONS CO LTD (3328.HK)

Bank of Communications Co., Ltd. is mainly engaged in banking and related financial services. The stock is listed on the Hong Kong Stock Exchange. Price chart formed a 15 month-long rectangle with the upper boundary acting as strong resistance at 6.35 levels. The upper boundary was tested several times over the course of the chart pattern. Previous reports featured China Large Cap financial stocks. It seems like we are seeing more and more breakouts in the Chinese Banking & Finance equities. The daily close above 6.55 levels confirmed the breakout from the 15 month-long rectangle with the possible chart pattern price target of 7.25 levels. (Learn more: Video Tutorial – Rectangle)

GLOBAL EQUITY MARKETS - January 20, 2018

LANXESS AG (LXSG.DE)

LANXESS AG is a Germany-based company engaged in the chemicals sector. The Company specializes in the development, manufacturing and marketing of chemical intermediates, specialty chemicals and plastics. The stock is listed on Germany’s XETRA. Price chart formed a possible year-long rectangle with the boundaries acting as support at 60.85 and resistance at 70.30 levels. LANXESS AG was brought to members attention at the early stages of the rectangle formation. Since then, the stock rebounded sharply from the support area at 60.85. This weeks price action completed the year-long rectangle. The daily close above 72.40 levels confirmed the breakout from the bullish continuation chart pattern with the possible price target of 80 levels. The long-term chart is even more promising as the stock pushed to all-time high levels, possibly completing a 7 year-long sideways consolidation. (Learn more: Video Tutorial – Rectangle)

 

BAYERISCHE MOTOREN WERKE AG (BMWG.DE)

Bayerische Motoren Werke AG is a Germany-based automobile and motorcycle manufacturer. It divides its activities into four segments: Automobiles, Motorcycles, Financial Services and Other Entities. The stock is listed on Germany’s XETRA. Price chart formed a year-long H&S continuation chart pattern with the strong horizontal boundary acting as resistance at 91 levels. The daily close above 93.75 levels confirmed the breakout from the bullish continuation chart pattern with the possible price target of 104 levels. (Learn more: Video Tutorial – H&S bullish continuation)

 

CHINA CITIC BANK CORP LTD (0998.HK)

CHINA CITIC BANK CORPORATION LIMITED is a commercial bank. The stock is listed on the Hong Kong Stock Exchange. Price chart formed a 15 month-long rectangle with the strong horizontal boundary acting as resistance at 5.44 levels. The daily close above 5.55 levels confirmed the breakout from the bullish continuation chart pattern. Price target at 6.1 levels was reached during the same week. (Learn more: Video Tutorial – Rectangle)

 

GALAPAGOS NV (GLPG.AS)

Galapagos NV is a Belgium-based biotechnology company. The stock is listed on the Amsterdam Stock Exchange. Price chart formed an 8 month-long cup & handle continuation chart pattern. The horizontal boundary is acting as resistance at 88.2 levels. The daily close above 90.85 levels confirmed the breakout from the bullish continuation chart pattern with the possible price target of 113 levels. Breakout pushed the stock to all-time high levels. Stocks that complete bullish continuation chart patterns and breakout to all-time high levels offer great long-term opportunity. (Learn more: Video Tutorial – Cup & handle continuation)

 

SAUDI BRITISH BANK SJSC (1060.SE)

Saudi British Bank SJSC (SABB) is a Saudi Arabia-based commercial bank. It provides a range of banking services as well as Shariah approved products. The stock is listed in Saudi Arabia on Tadawul Stock Exchange. Price chart formed a 6 month-long rectangle with the upper boundary acting as resistance at 28.40 levels. The upper boundary of the rectangle chart pattern was tested several times. The daily close above 29.25 levels confirmed the breakout from the bullish continuation chart pattern with the possible price target of 32.65 levels. (Learn more: Video Tutorial – Rectangle)

 

KOEI TECMO HOLDINGS CO LTD (3635.T)

KOEI TECMO HOLDINGS CO., LTD., formerly TECMO KOEI HOLDINGS CO LTD. is a Japan-based holding company mainly engaged in game software business. The stock is listed on the Tokyo Stock Exchange. Price chart formed a 6 month-long rectangle with the strong boundary acting as resistance at 2,415 levels. The upper boundary of the rectangle chart pattern was tested several times. The daily close above 2,485 levels confirmed the breakout from the bullish continuation chart pattern with the possible price target of 2,675 levels. Koei Tecmo holdings has been in a steady uptrend over the past 2 years. (Learn more: Video Tutorial – Rectangle)

 

MGM RESORTS INTERNATIONAL (MGM)

MGM Resorts International is a holding company. The Company, through its subsidiaries, owns and operates casino resorts. The Company operates in two segments: domestic resorts and MGM China. Global Equity Markets report discussed MGM China breakout on September 23, 2017. MGM Resorts was featured in the latest interim update. Price chart formed a 6 month-long rectangle with the upper boundary acting as strong resistance at 34.55 levels. The daily close above 35.60 levels confirmed the breakout from the bullish continuation chart pattern with the possible price target of 39.25 levels. (Learn more: Video Tutorial – Rectangle)

 

GLOBAL EQUITY MARKETS - January 13, 2018

DAQIN RAILWAY CO LTD (601006.SS)

Daqin Railway Co., Ltd. is a China-based company, principally engaged in the provision of railway transportation services. The Company primarily provides railway transportation services of coal products in Shanxi Province and Inner Mongolia. The stock is listed on the Shanghai Stock Exchange. Price chart formed a 5 month-long rectangle with the strong horizontal boundary acting as resistance at 9.42 levels. The upper boundary was tested several times over the course of the chart pattern. The daily close above 9.60 levels confirmed the breakout from the bullish continuation chart pattern with the possible price target of 10.25 levels. (Learn more: Video Tutorial – Rectangle)

 

TIAN GE INTERACTIVE HOLDINGS (1980.HK)

Tian Ge Interactive Holdings Ltd. is an investment holding company principally engaged in the operation of live social video platforms and mobile and online games in the People’s Republic of China (the PRC). The stock is listed on the Hong Kong Stock Exchange. Price chart formed a 17 month-long rectangle with the strong horizontal boundary acting as resistance at 6.50 levels. The daily close above 6.70 levels confirmed the breakout from the multi-month long rectangle with the possible price target of 8.70 levels. (Learn more: Video Tutorial – Rectangle)

 (0257.HK)

China Everbright International Limited is a Hong Kong-based investment holding company principally engaged in energy and infrastructure-related businesses. The stock is listed on the Hong Kong Stock Exchange. Price chart formed a year-long ascending triangle with the strong horizontal boundary acting as resistance at 11.10 levels. The ascending triangle is possibly acting as a bullish continuation chart pattern. The daily close above 11.45 levels confirmed the breakout from the year-long ascending triangle with the possible chart pattern price target of 14 levels. (Learn more: Video Tutorial – Ascending Triangle as a continuation)

ACCOR SA (ACCP.PA)

Accor SA is a France-based hotel operator. The Company provides its customers, partners and employees with its dual capability as a hotel operator and franchisor (HotelServices) and a hotel owner and investor (HotelInvest), and a portfolio of brands covering the spectrum with luxury, midscale and economy establishments. The stock is listed on the Paris Stock Exchange. Price chart formed a 7 month-long ascending triangle that is possibly acting as a bullish continuation chart pattern. The upper boundary of the ascending triangle formed resistance at 43.6 levels. The daily close above 44.7 levels confirmed the breakout from the 7 month-long ascending triangle with the possible chart pattern price target of 48.75 levels. (Learn more: Video Tutorial – Ascending Triangle bullish continuation)

 

IMERYS SA (IMTP.PA)

Imerys SA is a France-based company that is principally engaged in the extraction and processing of minerals. The stock is listed on the Paris Stock Exchange. Price chart formed a 7 month-long H&S continuation chart pattern. Strong horizontal boundary is acting as resistance at 81.05 levels. The daily close above 82.65 levels confirmed the breakout from the multi-month long bullish continuation with the possible chart pattern price target of 90 levels. IMERYS SA is reaching all-time highs, a bullish signal. (Learn more: Video Tutorial – H&S bullish continuation)

 

KAZ MINERALS PLC (KAZ.L)

KAZ Minerals PLC is a United Kingdom-based copper company. The stock is listed on the London Stock Exchange. Price chart formed a 4 month-long rectangle with the horizontal boundary acting as resistance at 890 levels. The upper boundary was tested several times over the course of  the chart pattern. The daily close above 916 levels confirmed the breakout from the bullish continuation chart pattern with the possible price target of 1,085 levels. (Learn more: Video Tutorial – Rectangle)

 

SMURFIT KAPPA GROUP PLC (SKG.I)

Smurfit Kappa Group plc is a provider of paper-based packaging products. The Company manufactures, distributes and sells containerboard, corrugated containers and other paper-based packaging products, such as solidboard, graphic board and bag-in-box. It operates through two segments: Europe and the Americas. The Europe segment includes a system of mills and plants that produces a line of containerboard that is converted into corrugates containers. In addition, to other types of paper, such as solidboard and sack kraft paper, and paper-based packaging, such as solidboard packaging and folding cartons, this segment includes the Company’s bag-in-box operations. The Americas segment includes its forestry, paper, paper sack, corrugated and folding carton activities in various Latin American countries and in the United States. It operates in over 20 countries in Europe. The stock is listed on the Irish Stock Exchange. Price chart formed a 6 month-long rectangle with the strong horizontal boundary acting as resistance at 27.40 levels. The upper boundary was tested several times over the course of the chart pattern. The daily close above 28.20 levels confirmed the breakout from the bullish continuation chart pattern with the possible price target of 30.7 levels. (Learn more: Video Tutorial – Rectangle)

HUDBAY MINERALS INC. (HBM)

Hudbay Minerals Inc is a Canada-based mining company. The Company is engaged in the production of copper concentrate, consisting of copper, gold and silver, as well as zinc metal. The stock is listed on Toronto Stock Exchange and New York Stock Exchange. Price chart below features the NYSE listing. Hudbay Minerals formed a 10 month-long cup & handle chart pattern with the strong horizontal boundary acting as resistance at 9.15 levels. Cup & handle is a bullish continuation chart pattern. The daily close above 9.45 levels confirmed the breakout from the multi-month bullish continuation chart pattern with the possible price target of 13.45 levels. (Learn more: Video Tutorial – Cup & handle continuation)

 

METALURGICA GERDAU SA (GOAU4.SA, GGB)

Metalurgica Gerdau SA, formerly Metalurgica Hugo Gerdau SA, is a Brazil-based company engaged in the steel production industry. The stock is listed on the Sao Paulo Stock Exchange and the New York Stock Exchange via depository receipts. Price chart formed a 13 month-long H&S continuation chart pattern with the strong horizontal boundary acting as resistance at 6.20 levels for the Brasil listing and at 4.27 levels for the NYSE listing. The upper boundaries were tested several times over the course of the chart patterns. The daily close above 6.40 levels confirmed the breakout from the multi-month long bullish continuation chart pattern for Metalurgica Gerdau SA listed in Brasil with the possible price target of 8.33 levels. Similarly, the daily close above 4.40 levels confirmed the breakout for the NYSE listing with a possible chart pattern price target of 5.88 levels. (Learn more: Video Tutorial – H&S bullish continuation)

 

BANK OF NEW YORK MELLON CORP (BK)

The Bank of New York Mellon Corporation is an investments company. The Company operates businesses through two segments: Investment Management and Investment Services. The stock is listed on the New York Stock Exchange. Price chart formed a 4 month-long rectangle in a steady uptrend. The upper boundary of the rectangle is forming resistance at 55 levels. Bank of New York Mellon has been a great case study for text book breakouts from well-defined chart patterns. The daily close above 56 levels confirmed the breakout with the possible chart pattern price target of 60 levels. (Learn more: Video Tutorial – Rectangle)

 

GLOBAL EQUITY MARKETS - January 6, 2018

INTERNATIONAL PAPER CO (IP)

International Paper Company is a paper and packaging company with primary markets and manufacturing operations in North America, Europe, Latin America, Russia, Asia, Africa and the Middle East. The stock is listed on the New York Stock Exchange. Price chart formed an 11 month-long ascending triangle with the strong horizontal boundary acting as resistance at 59 levels. The daily close above 60.75 levels confirmed the breakout from the bullish continuation chart pattern with the possible price target of 68 levels. (Learn more: Video Tutorial – Ascending Triangle as a continuation)

 

SPDR S&P OIL & GAS EQUIPMENT and SERVICES ETF (XES)

The ETF is listed on the NYSE. Price chart formed a 7 month-long H&S bottom with the horizontal boundary acting as resistance at 16.8 levels. Chart pattern boundary was tested several times. The right shoulder of the possible base formation can be identified as a 3 month-long ascending triangle that is possibly acting as a launching pattern. Completion of both bullish chart patterns also established a new trend above the long-term (200-day) average. The daily close above 17.30 levels confirmed the breakout from both chart patterns. Possible chart pattern price target for the ascending triangle stands at 19.10 and for the 7 month-long H&S bottom at 20.6 levels. (Learn more: Video Tutorial – H&S bottom bullish reversal)

 

iSHARES MSCI PHILIPPINES ETF (EPHE.K)

iShares MSCI Philippines ETF (EPHE.K) seeks investment results that correspond generally to the price and yield performance of the MSCI Philippines Investable Market Index. The Index is designed to measure the performance of equity securities in the top 99% by market capitalization of equity securities listed on stock exchanges in the Philippines. The ETF is listed on the New York Stock Exchange. Price chart formed a 6 month-long bullish ascending triangle and a 2 year-long symmetrical triangle. While the local currency Philippines PSI Composite index is breaking out to all-time highs, the NYSE listed ETF is completing a long-term consolidation. The daily close above 39 levels confirmed the breakout from both the 2 year-long symmetrical triangle and the 6 month-long ascending triangle. Possible chart pattern price target stands at 41.15 levels. (Learn more: Video Tutorial – Ascending Triangle as a continuation)

 

ISHARES MSCI SWITZERLAND (EWL)

iShares MSCI Switzerland Index Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of publicly traded securities in the aggregate in the Swiss market, as measured by the MSCI Switzerland Index (the Index). The Index seeks to measure the performance of the Swiss equity market. The Index is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization. The ETF is listed on the New York Stock Exchange. Price chart formed a 5 month-long rectangle with the boundaries acting as support at 34 and resistance at 35.45 levels. Support at 34 levels was tested several times. The daily close above 35.80 levels confirmed the breakout from the bullish continuation chart pattern with the possible price target of 36.9. (Learn more: Video Tutorial – Rectangle)

 

TRINSEO SA (TSE)

Trinseo S.A. is a materials company engaged in the manufacture and marketing of synthetic rubber, latex and plastics. The stock is listed on the New York Stock Exchange. Price chart formed an 8 month-long rectangle with the strong horizontal boundary acting as resistance at 72.45 levels. The upper boundary of the rectangle was tested several times over the past 10 months. The daily close above 74.65 levels confirmed the breakout from the multi-month consolidation period with the possible chart pattern price target of 85.45 levels. (Learn more: Video Tutorial – Rectangle)

GLOBAL EQUITY MARKETS - December 30, 2017

CORENERGY INFRASTRUCTURE TRUST (CORR.K)

CorEnergy Infrastructure Trust, Inc. (CorEnergy) is focused on acquiring and financing midstream and downstream real estate assets within the United States energy infrastructure sector and concurrently entering into long-term triple-net participating leases with energy companies. The stock is listed on the New York Stock Exchange. Price chart formed a 10 month-long rectangle with the strong horizontal boundary acting as resistance at 36.9 levels. The upper boundary of the rectangle was tested several times over the course of the chart pattern. The daily close above 38 levels confirmed the breakout with the possible chart pattern price target of 42.5 levels. (Learn more: Video Tutorial – Rectangle)

 

 (IFM.AX)

Infomedia Ltd is a technology company. The principal activities of the Company are development and supply of Software as a Service (SaaS) offerings, including electronic parts catalogues and service quoting software systems, for the parts and service sectors of the global automotive industry, and information management, analysis and data creation for the domestic automotive and oil industries. The stock is listed on the Australia Stock Exchange. Price chart formed a 14 month-long ascending triangle with the strong horizontal boundary acting as resistance at 0.83 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 0.855 levels confirmed the breakout from the bullish continuation chart pattern with the possible price target of 1.00 levels. (Learn more: Video Tutorial – Ascending Triangle as a continuation)

HOTTO LINK INC. (3680.T)

Hotto Link Inc. is engaged in the provision of cloud service which supporting the utilizing of social big data through twitter and blog. The stock is listed on the Tokyo Stock Exchange. Price chart formed a 2 year-long H&S bottom with the horizontal boundary (neckline) acting as strong resistance at 730 levels. The daily close above 755 levels confirmed the breakout with the possible chart pattern price target of 1,050 levels. Please note that Hotto Link is a small-cap stock listed on the Tokyo Stock Exchange. (Learn more: Video Tutorial – H&S bottom)

 

ISHARES MSCI INDONESIA ETF (EIDO.K)

iShares MSCI Indonesia ETF, formerly iShares MSCI Indonesia Investable Market Index Fund (the Fund), is a non-diversified fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Indonesia Investable Market Index (the Underlying Index). The Underlying Index is a free-float adjusted market capitalization-weighted index designed to measure the performance of equity securities in the top 99% by market capitalization of equity securities listed on the stock exchanges in Indonesia. The ETF is listed on the New York Stock Exchange. Price chart formed a 6 month-long tight rectangle. The upper boundary of the narrow consolidation stands as resistance at 27.60 levels. The daily close above 27.90 levels confirmed the breakout from the bullish continuation chart pattern. With tight consolidations like these, the price target is calculated by taking twice or depending on the duration of the consolidation three times the width of the chart pattern and adding it to the breakout point. On the iShares MSCI Indonesia ETF price chart, the closest important resistance stands at 29.60 levels. Breakout can initially find resistance at 29.60 levels. (Learn more: Video Tutorial – Rectangle)

 

GLOBAL EQUITY MARKETS - December 23, 2017

KEYCORP (KEY)

KeyCorp is a bank holding company. The Company is a bank-based financial services company. The stock is listed on the New York Stock Exchange. Price chart formed an 8 month-long rectangle with the strong horizontal boundary acting as resistance at 19.45 levels. Rectangle chart pattern is possibly acting as a continuation. The daily close above 20 levels confirmed the breakout from the multi-month sideways consolidation with the possible chart pattern price target of 22.40 levels. (Learn more: Video Tutorial – Rectangle)

 

VALE SA (VALE3.SA)

Vale S.A. is a global producer of iron ore and iron ore pellets, key raw materials for steelmaking, and producer of nickel. The Company also produces copper, metallurgical and thermal coal, potash, phosphates and other fertilizer nutrients, manganese ore, ferroalloys, platinum group metals, gold, silver and cobalt. The stock is listed on the Sao Paulo Stock Exchange. Price chart formed a 9 month-long cup & handle with the strong horizontal boundary acting as resistance at 36.20 levels. Cup & handle is a bullish continuation chart pattern. The daily close above 37.30 levels confirmed the breakout from the cup & handle chart pattern with the possible price target of 47 levels. (Learn more: Video Tutorial – Cup & handle bullish continuation)

 

The chart below shows the depository receipt for VALE SA that is listed on the New York Stock Exchange. Price chart formed a similar 9 month-long cup & handle bullish continuation. The daily close above 12 levels confirmed the breakout with the possible chart pattern price target of 15.6 levels. Please note that the lag between the depository receipt on the NYSE and the price on Brasil’s Sao Paulo Stock Exchange is due to currency effect.

SUPREME INFRASTRUCTURE INDIA LTD. (SIIL.NS)

Supreme Infrastructure India Limited is a holding company. The Company is engaged in construction and development of roads, highways, buildings and bridges. The stock is listed on the National Stock Exchange of India. Price chart formed a 20 month-long symmetrical triangle that is possibly acting as a bottom reversal after 2 years of downtrend. Please note that this is a small-cap company. Latest breakout on the upside can result in a change in trend. The daily close above 110 levels confirmed the breakout from the multi-month consolidation with the possible chart pattern price target of 168 levels. (Learn more: Video Tutorial – Symmetrical Triangle bullish reversal)

 

GLOBAL EQUITY MARKETS - December 16, 2017

FORTINET INC. (FTNT.O)

Fortinet, Inc. is a network security company. The Company provides cyber security solutions to a range of enterprises, service providers and government organizations across the world. Price charts formed an 8 month-long rectangle with the upper boundary acting as resistance at 40.75 levels. Over the past two years the stock has been in a steady uptrend. The 8 month-long rectangle is possibly acting as a bullish continuation chart pattern. The daily close above 42 levels confirmed the breakout with the possible chart pattern price target of 46 levels. (Learn more: Video Tutorial – Rectangle)

 

MAPLE LEAF FOODS INC (MFI.TO)

Maple Leaf Foods Inc is a Canada-based consumer protein company that processes and produces value-added prepared meats, lunch kits snacks, and value-added fresh pork and poultry products sold under flagship Canadian brands such as Maple Leaf, Maple Leaf Prime, Maple Leaf Natural Selections, Schneiders, Schneiders Country Naturals, Mina and Devour. The stock is listed on the Toronto Stock Exchange. Price chart formed a 5 month-long rectangle with the strong horizontal boundary acting as resistance at 35.35 levels. The daily close above 36.05 levels confirmed the breakout with the possible chart pattern price target of 38.60 levels. (Learn more: Video Tutorial – Rectangle)

 

BEST BUY CO INC (BBY)

Best Buy Co., Inc. is a provider of technology products, services and solutions. The Company offers products and services to the customers visiting its stores, engaging with Geek Squad agents, or using its Websites or mobile applications. The stock is listed on the New York Stock Exchange. Price chart formed a 6 month-long rectangle with the strong horizontal boundary acting as resistance at 62 levels. Rectangle chart pattern is possibly acting as a continuation. The daily close above 63.80 levels confirmed the breakout from the multi-month sideways consolidation with the possible chart pattern price target of 71.50 levels. (Learn more: Video Tutorial – Rectangle)

 

SASOL LTD. (SSL)

Sasol Limited is an international integrated chemicals and energy company. The Company develops and commercializes technologies, and builds and operates facilities to produce a range of product streams, including liquid fuels, chemicals and low-carbon electricity. The stock is listed on the New York Stock Exchange via depository receipts. Price chart formed a 2 year-long symmetrical triangle that is possibly acting as a bottom reversal. Symmetrical triangles can act a base formation after lengthy downtrends. The daily close above 32 levels confirmed the breakout from the multi-month consolidation with a possible chart pattern price target of 43 levels. (Learn more: Video Tutorial – Symmetrical Triangle as a bottom reversal)

UBS GROUP AG (UBSG.S)

UBS Group AG is a holding company and conducts its operations through UBS AG and its subsidiaries. The Company comprises Corporate Center and five business divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management and the Investment Bank. The stock is listed on the Swiss Stock Exchange. Price chart formed a year-long rectangle with the strong horizontal boundary acting as resistance at 17.50 levels. The upper boundary of the rectangle was tested several times over the course of the chart pattern. The daily close above 18 levels confirmed the breakout from the bullish continuation chart pattern with the possible price target of 19.80. (Learn more: Video Tutorial – Rectangle)

 

OENEO SA (SABT.PA)

Oeneo SA is a France-based holding company that is primarily engaged in the manufacture of barrels for winemaking and wine corking products. The stock is listed on the Paris Stock Exchange. Price chart formed a 5 month-long rectangle with the strong horizontal boundary acting as resistance at 9.85 levels. The upper boundary at 9.85 was tested several times over the course of the chart pattern. The daily close above 10.05 levels confirmed the breakout from the multi-month long consolidation with the possible chart pattern price target of 10.70 levels. Please note that liquidity is low on this name. (Learn more: Video Tutorial – Rectangle)

 

AVI LTD (AVIJ.J)

AVI Limited is branded consumer products company. The stock is listed on the Johannesburg Stock Exchange. Price chart formed an 8 month-long symmetrical triangle with the upper boundary acting as resistance at 10,200 levels. The symmetrical triangle is possibly acting as a continuation chart pattern. The daily close above 10,500 levels confirmed the breakout from the symmetrical triangle with the possible chart pattern price target of 11,600 levels. (Learn more: Video Tutorial – Symmetrical triangle bullish continuation)

 

MAXITRANS INDUSTRIES LTD. (MXI.AX)

MaxiTRANS Industries Limited is engaged in the design, manufacture, sale, service and repair of transport equipment and related components, and spare parts. The stock is listed on the Australia Stock Exchange. Price chart formed an 8 month-long rectangle after completing earlier a 2 year-long bullish base formation. After breaking out of the 2 year-long H&S bottom, the stock entered into a sideways consolidation which can be identified as a rectangle continuation. The upper boundary of the rectangle is acting as resistance at 0.76 levels. The daily close above 0.78 levels confirmed the breakout from the bullish continuation chart pattern. The H&S bottom price target is at 0.88 levels and the rectangle chart pattern price target is at 0.86 levels. (Learn more: Video Tutorial – Rectangle)

 

MITSUBISHI UFJ FINANCIAL GROUP INC. (8306.T)

Mitsubishi UFJ Financial Group, Inc. (MUFJ) is a bank holding company. The stock is listed on the Tokyo Stock Exchange. Price chart formed a 10 month-long rectangle with the strong horizontal boundary acting as resistance at 780 levels. The upper boundary of the multi-month consolidation has been tested several times. The daily close above 800 levels confirmed the breakout from the bullish continuation chart pattern with the possible price target of 915 levels. (Learn more: Video Tutorial – Rectangle)

 

LAC CO LTD. (3857.T)

LAC Co., Ltd. is an information technology (IT) holding company. Security Solution Service (SSS)segment provides security consulting services, security diagnosis service, and security operational monitoring services. The stock is listed on the Tokyo Stock Exchange. Price chart formed a 7 month-long ascending triangle with the horizontal boundary acting as resistance at 1,480 levels. The daily close above 1,525 levels confirmed the breakout from the bullish continuation chart pattern with the possible price target of 1,850 levels. (Learn more: Video Tutorial – Ascending Triangle as a continuation)

 

BPL LTD (BPL.NS)

BPL Limited is engaged in printed circuits board (PCB) business and e-commerce business. The Company operates through Electronic Industry segment. The Company is engaged in manufacturing of single sided PCBs. The stock is listed on the National Stock Exchange of India. Price chart formed a year-long symmetrical triangle with the upper boundary acting as resistance at 78.8 levels. Symmetrical triangle is possibly acting as a continuation chart pattern. The daily close above 81.15 levels confirmed the breakout with the possible chart pattern price target of 127.5 levels. (Learn more: Video Tutorial – Symmetrical triangle bullish continuation)

 

GLOBAL EQUITY MARKETS - December 9, 2017

DEUTSCHE BOERSE AG (DB1Gn.DE)

Deutsche Boerse AG is a Germany-based exchange organization and an integrated provider of products and services covering the process chain of securities and derivatives trading. The stock is listed on Germany’s XETRA. Price chart formed a 5 month-long symmetrical triangle with the upper boundary acting as resistance at 95.6 levels. 5 month-long symmetrical triangle is possibly acting as a bullish continuation chart pattern. The daily close above 98.50 levels confirmed the breakout from the sideways consolidation with the possible chart pattern price target of 105.3 levels. (Learn more: Video Tutorial – Symmetrical triangle bullish continuation)

 

SAUDI KAYAN PETROCHEMICAL CO (2350.SE)

Saudi Kayan Petrochemical Company SJSC is a Saudi Arabia-based joint stock company engaged in the chemicals and petrochemicals industry. The Company’s activities include investing in, owning, constructing, operating and managing industrial projects in the petrochemical and chemical sectors, and provides support and maintenance of utilities related to the plants. The stock is listed on the Saudi Arabia Tadawul Stock Exchange. Price chart formed a 10 month-long ascending triangle with the strong horizontal boundary acting as resistance at 9.45 levels. The  daily close above 9.75 levels confirmed the breakout from the bullish continuation chart pattern with the possible price target of 11.6 levels. (Learn more: Video Tutorial – Ascending Triangle bullish continuation)

 

NOVAGOLD RESOURCES INC (NG)

Novagold Resources Inc. is a mineral exploration company. The Company is engaged in the exploration and development of mineral properties. The Company’s segments include the Donlin Gold project in Alaska, the United States and the Galore Creek project in British Columbia, Canada. The stock is listed on Toronto Stock Exchange and New York Stock Exchange. Price chart below features the New York Stock Exchange listing. Novagold Resources Inc. formed an 11 month-long descending triangle with the strong horizontal boundary acting as support at 3.80 levels. The daily close below 3.68 levels confirmed the breakdown with a possible chart pattern price target of 2.5 levels. Descending triangle is a bearish chart pattern and in this case it is possibly acting as a continuation. (Learn more: Video Tutorial – Descending triangle bearish continuation)

 

ZHAOJIN MINING INDUSTRY CO LTD (1818.HK)

Zhaojin Mining Industry Company Limited is principally engaged in the exploration, mining, processing, smelting of gold and the sale of gold products in Mainland China. The stock is listed on the Hong Kong Stock Exchange. Price chart formed a 16 month-long descending triangle with the strong horizontal boundary acting as support at 6.10 levels. The daily close below 5.91 levels confirmed the breakdown with the possible chart pattern price target of 3.95 levels. (Learn more: Video Tutorial – Descending triangle bearish reversal)

 

GLOBAL X SILVER MINERS ETF (SIL)

The Global X Silver Miners ETF (Fund) seeks to provide investment results that correspond to the price and yield performance of the Solactive Global Silver Miners Index (Underlying Index). The Underlying Index is free float adjusted, liquidity tested and market capitalization-weighted index that is designed to measure broad based equity market performance of global companies involved in the silver mining industry. The ETF is listed on the New York Stock Exchange. Price chart formed a 10 month-long descending triangle with the strong horizontal boundary acting as support at 31.25 levels. Downward sloping upper boundary and the horizontal lower boundary gives this chart pattern its bearish bias. The daily close below 30.30 levels confirmed the breakdown with the possible chart pattern price target of 23.30.

ECOLAB INC (ECL)

Ecolab Inc. provides water, hygiene and energy technologies and services. The stock is listed on the New York Stock Exchange. Price chart formed a 5 month-long rectangle with the strong horizontal boundary acting as resistance at 134.6 levels. The daily close above 136.6 levels confirmed the breakout with the possible chart pattern price target of 141.5 levels. Ecolab has been in a steady uptrend over the past 2 years. (Learn more: Video Tutorial – Rectangle)

 

GLOBAL EQUITY MARKETS - December 2, 2017

NEW HOME COMPANY INC (NWHM.K)

The New Home Company Inc., incorporated on June 25, 2009, is a home building company. The Company focuses on the design, construction and sale of consumer-driven homes in various metropolitan areas within certain markets in California and Arizona, including coastal Southern California, the San Francisco Bay area, metro Sacramento and the greater Phoenix area. The stock is listed on the New York Stock Exchange. Price chart formed a 19 month-long symmetrical triangle that is possibly acting as a reversal chart pattern. The upper boundary of the symmetrical triangle is forming resistance at 11.95. The daily close above 12.30 levels confirmed the breakout from the multi-month long base building with a possible price target of 16 levels. (Learn more: Video Tutorial – Symmetrical triangle bullish reversal)

 

NU SKIN ENTERPRISES INC. (NUS)

Nu Skin Enterprises, Inc. is a direct selling company that develops and distributes personal care products and nutritional supplements, and a range of other products and services. The stock is listed on the New York Stock Exchange. Price chart formed a 3 year-long H&S bottom with the right shoulder in the form of a year-long cup & handle continuation chart pattern. Both chart patterns have bullish implications. Strong horizontal boundary for the H&S bottom and cup & handle continuation stands at 64 levels. The daily close above 66 levels confirmed the breakout from both chart patterns. Cup & handle continuation is possibly acting as a launching pattern. Possible price target for the bullish cup & handle continuation stands at 83 levels. Price target for the 3 year-long H&S bottom stands at 100 levels. (Learn more: Video Tutorial – H&S Bottom)

 

JOHN WILEY & SONS INC. (JWa)

John Wiley & Sons, Inc. provides knowledge and knowledge-enabled services in the areas of research, professional practice and education. The company operates through three segments: Research, Professional Development and Education. The stock is listed on the New York Stock Exchange. Price chart formed a year-long symmetrical triangle that is acting as a bullish continuation. The upper boundary of the symmetrical triangle stands as resistance at 55.7 levels. The daily close above 57.50 levels confirmed the breakout from the year-long sideways consolidation with a possible chart pattern price target of 65.5 levels. (Learn more: Video Tutorial – Symmetrical Triangle)

 

PNE WIND AG (PNEGn.DE)

Pne Wind AG is a Germany-based wind power company the develops onshore and offshore wind farms. It operates through two segments: The Electricity Generation segment covers the generation of electricity from the operation of own wind farms, and the Project Planning of Wind Farms covers the activities from initial site exploration, approval procedure, financing, turnkey construction, operation and repowering, as well as related services. The Company operates under the brands PNE WIND and WKN and is active through subsidiaries and joint ventures in Europe, South Africa, the United States and Canada. The stock is listed on the Germany’s XETRA DAX. Price chart formed a 7 month-long rectangle with the boundaries between 2.50 and 2.90. The daily close above 2.98 levels confirmed the breakout from the multi-month sideways consolidation with the possible chart pattern price target of 3.32 levels. (Learn more: Video Tutorial – Rectangle)

 

PSG GROUP LTD. (PSGJ.J)

PSG Group Ltd is an investment holding company. The Company consists of underlying investments that operate across a range of industries, such as banking, education, financial services, food and related business and private education services. The stock is listed on the Johannesburg Stock Exchange. Price chart formed an 8 month-long ascending triangle with the strong horizontal boundary acting as resistance at 27,400 levels. Ascending triangle is a bullish chart pattern. The daily close above 28,250 levels confirmed the breakout with the possible chart pattern price target of 32,500 levels. (Learn more: Video Tutorial – Ascending triangle bullish continuation)

 

GLOBAL EQUITY MARKETS - November 25, 2017

CREDIT SUISSE GROUP AG (CS)

Credit Suisse Group AG (Credit Suisse) is a financial services company. The Company’s segments include Swiss Universal Bank, International Wealth Management, Asia Pacific, Global Markets, Investment Banking & Capital Markets, Strategic Resolution Unit and Corporate Center. The stock is listed on several exchanges. The chart below shows the New York Stock Exchange listing. Price chart formed an arguable 20 month-long H&S bottom with the strong horizontal boundary standing at 15.4 levels. The right shoulder of the multi-month H&S bottom can be identified as a 10 month-long rectangle that is possibly acting as a launching pattern. The right shoulder of the possible base formation is extended compared to the left shoulder. For this reason I’m focusing more on the 10 month-long sideways consolidation that can be identified as a bullish rectangle continuation. The daily close above 16.15 levels confirmed the breakout from the 10 month-long rectangle chart pattern. Possible price target for the rectangle stands at 18 levels. H&S bottom price target is at 21.15 levels. (Learn more: Video Tutorial – H&S Bottom)

 

RAYONIER ADVANCED MATERIALS INC (RYAM.K)

Rayonier Advanced Materials Inc. is engaged in the production of cellulose specialties. The Company’s product lines include cellulose specialties and commodity products. Its products are used in manufacturing processes. The stock is listed on the New York Stock Exchange. Price chart formed a 9 month-long ascending triangle with the strong horizontal boundary acting as resistance at 17.40 levels. Ascending triangle is a bullish chart pattern. The daily close above 17.90 levels confirmed the breakout with the possible chart pattern price target of 22.90. (Learn more: Video Tutorial – Ascending Triangle as a continuation)

 

ARTIS REAL ESTATE INVESTMENT TRUST (AX_u.TO)

Artis Real Estate Investment Trust (Artis) is an unincorporated closed-end real estate investment trust (REIT). The Company’s objective is to provide stable, reliable and tax efficient monthly cash distributions, as well as long-term appreciation in the value of Artis’ units. Its segments include Western Canada, which comprises British Columbia and Alberta; Central Canada, which comprises Saskatchewan and Manitoba, and Eastern Canada, which comprises Ontario. The Company’s properties are diversified across industrial, retail, and office asset classes, and geographically across western Canada, Ontario, and in select markets in the United States. The stock is listed on the Toronto Stock Exchange. Price chart formed a 2 year-long ascending triangle with the strong horizontal boundary acting as resistance at 13.75 levels. Horizontal boundary was tested several times over the course of the chart pattern. The daily close above 14 levels confirmed the breakout with a possible chart pattern price target of 16.4 levels. (Learn more: Video Tutorial – Ascending Triangle bullish reversal)

GAKUJO CO LTD. (2301.T)

GAKUJO CO., Ltd. is primarily engaged in job information business. The Company provides corporate information for new fresh graduates, and a range of employment consulting, recruiting, staffing and placement services. The stock is listed on the Tokyo Stock Exchange. Price chart formed a 3 year-long rectangle with the horizontal boundary acting as strong resistance at 1,425 levels. Over the past year the stock recorded higher lows and the last one year’s price action can also be identified as an ascending triangle. Breakout from the year-long ascending triangle also completed the 3 year-long rectangle. The daily close above 1,465 levels  confirmed the breakout from the bullish continuation chart pattern with the possible price target of 1,900 levels. (Learn more: Video Tutorial – Ascending Triangle as a continuation)

 

GLOBAL EQUITY MARKETS - November 18, 2017

CONSUMER DISCRETIONARY SELECT SECTOR SPDR FUND (XLY)

Consumer Discretionary Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond to the price and yield performance of the Consumer Discretionary Select Sector of the S&P 500 Index (the Index). The Index includes companies from industries, such as automobiles and components, consumer durables, apparel, hotels, restaurants, leisure, media and retailing. The ETF is listed on the New York Stock Exchange. Price chart formed a 5 month-long rectangle with the boundaries acting as resistance at 92.35 and support at 88.15 levels. Both the upper and lower boundary of the rectangle was tested several times. The daily close above 93.25 levels confirmed the breakout from the sideways consolidation with the possible chart pattern price target of 96.6 levels. (Learn more: Video Tutorial – Rectangle)

 

KAYNE ANDERSON ENERGY TOTAL RETURN FUND (KYE)

Kayne Anderson Energy Total Return Fund, Inc. (the Fund) is a non-diversified, closed-end investment company. The Fund’s investment objective is to obtain a high total return with an emphasis on current income. The Fund intends to achieve its investment objective by investing in a portfolio of companies in the energy sector, which focuses on securities of energy companies. The majority of the Fund’s investments include investments in equity securities of Master Limited Partnerships (MLPs), MLP affiliates, marine transportation companies, midstream companies, other energy companies and upstream income trusts. The ETF is listed on the New York Stock Exchange. Price chart formed a 15 month-long H&S top with the horizontal boundary acting as strong support at 10 levels. The horizontal boundary was tested several times over the course of the chart pattern. The right shoulder of the H&S top formed below the 200 day (40 week) average which is a sign of weakness. The daily close below 9.7 levels confirmed the breakdown from the 15 month-long H&S top with the possible chart pattern price target of 7.70 levels. (Learn more: Video Tutorial – H&S top)

 

SOGEFI SPA (SGFI.MI)

Sogefi SpA is an Italy-based company involved in the automotive sector. The Company is primarily engaged in the manufacture of motor vehicle parts. The stock is listed on the Milan Stock Exchange. Price chart formed a 6 month-long double top with the horizontal boundary acting as support at 4.10 levels. Both the 200 day (40 week) moving average and the year-long upward trend line are forming support around the same level. The daily close below 3.97 levels confirmed the breakdown with the possible chart pattern price target of 3.15 levels. Old support becomes the new resistance at 4.10 levels.

 

SAUDI AIRLINES CATERING COMPANY (6004.SE)

Saudi Airlines Catering Company SJSC, formerly Saudi Arabian Airlines Catering Ltd (SAAC), is a Saudi Arabia-based company engaged in the provision of catering and associated services to local and international airlines, which operate flights within and out of Saudi Arabia. The Company also offers its services to non-airline customers, which include corporations and businesses, educational institutions and companies with operations in remote parts of Saudi Arabia. The stock is listed on the Tadawul Stock Exchange. Price chart formed a 2 year-long descending triangle that is possibly acting as a bearish continuation chart pattern. The horizontal boundary at 81.75 levels was tested several times over the course of the chart pattern. The daily close below 79.30 levels confirmed the breakdown from the bearish continuation chart pattern with the possible price target of 54.50 levels. (Learn more: Video Tutorial – Descending Triangle as a continuation)

EMIRATES TELECOMMUNICATIONS (ETEL.AD)

Emirates Telecommunications Group Co PJSC, formerly Emirates Telecommunications Corporation, is a United Arab Emirates-based company engaged in the provision of telecommunications services, media and related equipment, as well as related contracting and consultancy services. The stock is listed on the Abu Dhabi Stock Exchange. Price formed a multi month-long H&S top with the right shoulder in the form of an 11 month-long rectangle. The right shoulder is relatively extended when compared with the left shoulder. I believe an important development on this price chart is the breakdown of a 2 year-long horizontal support at 17.30 levels. The daily close below 16.80 levels confirmed the breakdown with a possible price target of 15. Price target for the rectangle chart pattern stands at 15.70 levels.

GLOBAL EQUITY MARKETS - November 11, 2017

STROEER SE & CO (SAXG.DE)

Stroeer SE & Co KGaA is a Germany-based digital multi-channel media company and provider of out-of-home and online advertising. The stock is listed on Germany’s XETRA. Price chart formed a 5 month-long rectangle with the strong horizontal boundary acting as resistance at 58.65 levels. The upper boundary of the rectangle chart pattern was tested several times over the course of the chart pattern. The daily close above 60.40 levels confirmed the breakout with the possible chart pattern price target of 66 levels. (Learn more: Video Tutorial – Rectangle)

 

WEX INC. (WEX)

WEX Inc. is a provider of corporate payment solutions. The Company operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The stock is listed on the New York Stock Exchange. Price chart formed a 3 year-long bullish H&S continuation. While my focus is on chart patterns with duration between 4 months and 2 years, this specific chart pattern development is worth mentioning due to its well-identified horizontal boundary and the breakout to all-time high levels. The strong horizontal boundary is acting as resistance at 120 levels. The daily close above 124 levels confirmed the breakout from the multi-year bullish continuation chart pattern with the possible price target of 175 levels. Stocks that complete long-term bullish continuation chart patterns and breakout to all-time highs usually offer great long-term opportunity. (Learn more: Video Tutorial – H&S continuation)

 

ETFMG PRIME JUNIOR SILVER ETF (SILJ.K)

The Fund seeks to provide investment results that correspond generally to the price and yield performance of the ISE Junior Silver Index. The Fund will invest at least 80% of its total assets in the component securities of the Underlying Index and in American Depositary Receipts and Global Depositary Receipts. The ETF is listed on the New York Stock Exchange. Price chart formed a 14 month-long descending triangle with the strong horizontal boundary acting as support at 11.15 levels. Descending triangle is possibly acting as a top reversal and the completion of the multi-month bearish chart pattern can result in significant weakness for silver mining equities. The daily close below 10.80 levels confirmed the breakdown with the possible chart pattern price target of 6.67 levels. (Learn more: Video Tutorial – Descending triangle reversal)

COEUR MINING (CDE.N)

Coeur Mining, Inc. is a gold and silver producer. The Company has its mines located in the United States, Mexico, and Bolivia and exploration projects in Mexico and Argentina. The stock is listed on the New York Stock Exchange. Price chart formed a 7 month-long rectangle with the horizontal boundary acting as support at 7.47 levels. The rectangle chart pattern is possibly acting as a bearish continuation. The daily close below 7.24 levels confirmed the breakdown from the 7 month-long rectangle with the possible chart pattern price target of 5.50 levels. Coeur Mining is the top holding in the ETFMG PRIME JUNIOR SILVER ETF.

HECLA MINING CO. (HL.N)

Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company and its subsidiaries provide precious and base metals to the United States and around the world. The stock is listed on the New York Stock Exchange. Price chart formed a 14 month-long descending triangle similar to ETFMG PRIME JUNIOR SILVER ETF. Strong horizontal boundary was acting as support at 4.65 levels. Support is now the new resistance. Descending triangle is possibly acting as a bearish reversal chart pattern. The daily close below 4.50 levels confirmed the breakdown from the multi-month reversal with the possible chart pattern price target of 3.0 levels. Hecla Mining is another constituent of the ETFMG PRIME JUNIOR SILVER ETF. (Learn more: Video Tutorial – Descending triangle reversal)

GLOBAL EQUITY MARKETS - November 4, 2017

RENAULT SA (RENA.PA)

Renault SA is a France based company primarily engaged in the manufacture of automobiles and the provision of related services. It is structured into two segments: the Automobile division, which handles the design, manufacture and marketing of passenger cars and light commercial vehicles, under Renault, Renault Samsung Motors and Dacia brands, and the Sales Financing division, which provides financial and commercial services related to the sales activities, and is comprised of RCI Banque and its subsidiaries. The stock is listed on the Paris Stock Exchange. Price chart formed a 2.5 year-long symmetrical triangle with the upper boundary acting as resistance at 86.40 levels. The daily close above 89 levels confirmed the breakout with the possible chart pattern price target of 125 levels. (Learn more: Video Tutorial – Symmetrical Triangle)

 (AEFES.IS)

Anadolu Efes Biracilik ve Malt Sanayii AS is a Turkey-based company, which is engaged in the production, bottling, selling and distribution of beer under a number of trademarks and also in the production, bottling, selling and distribution of sparkling and still beverages with The Coca-Cola Company trademark. The stock is listed on the Istanbul Stock Exchange. Price chart formed an 18 month-long ascending triangle with the strong horizontal boundary acting as resistance at 22.05 levels. The horizontal boundary was tested several times over the course of the chart pattern. The ascending triangle is possibly acting as a reversal chart pattern. The daily close above 22.70 levels confirmed the breakout from the bullish reversal chart pattern with the possible price target of 27.6 levels. (Learn more: Video Tutorial – Ascending Triangle bullish reversal)

 

ASHOKA BUILDCON LTD. (ABDL.NS)

Ashoka Buildcon Limited is an India-based infrastructure development company. The Company is engaged in construction and maintenance of roads, and supporting services to land support-operation of toll roads and others. The stock is listed on the National Stock Exchange of India. Price chart formed a 2 year-long H&S continuation with the strong horizontal boundary acting as resistance at 215 levels. The daily close above 221 levels confirmed the breakout from the multi-year long bullish continuation chart pattern with the possible price target of 295 levels. Breakout pushed the stock to all-time high levels. Stocks that breakout bullish continuation chart patterns and reach all-time high levels offer great long-term opportunity. (Learn more: Video Tutorial – H&S continuation)

 

EIH LTD. (EIHO.NS)

EIH Limited is engaged in hospitality and related services. The Company operates luxury hotels under the brand name Oberoi and five-star hotels under the brand Trident. The stock is listed on the National Stock Exchange of India. Price chart formed a 3 year-long rectangle that completed in May 2017. Since then the stock has been in a sideways consolidation. Past 5 months price action can be identified as a rectangle that is possibly acting as a bullish continuation. The daily close above 152 levels confirmed the breakout from the 5 month-long rectangle with the possible chart pattern price target of 170 levels. Price target for the 3 year-long rectangle stands at 165 levels. (Learn more: Video Tutorial – Rectangle)

 

 (PKO.WA)

Powszechna Kasa Oszczednosci Bank Polski SA is a Poland-based commercial bank. The stock is listed on the Warsaw Stock Exchange. Price chart formed a 5 month-long rectangle with the strong horizontal boundary acting as resistance at 37.4 levels. In the last few months of 2016, the stock completed a year-long base formation and since then it has been in a steady uptrend. Latest consolidation is possibly acting as a continuation chart pattern in a steady uptrend. The daily close above 38.4 levels confirmed the breakout with the possible chart pattern price target of 40.8 levels. (Learn more: Video Tutorial – Rectangle)

 

GLOBAL EQUITY MARKETS - October 28, 2017

ECOPETROL SA (EC)

Ecopetrol S.A. is an oil company. The Company operates in Colombia, Peru, Brazil and the United States Gulf Coast. The Company’s segments include Exploration and Production, Transportation and Logistics, and Refining, Petrochemicals and Biofuels. Ecopetrol is listed in several exchanges through depository receipts. The chart below is the New York Stock Exchange listing. Price chart formed an 18 month-long cup & handle chart pattern with the strong horizontal boundary acting as resistance at 10.15 levels. The lengthy sideways consolidation can also be identified as a rectangle. The daily close above 10.50 levels confirmed the breakout from the multi-month consolidation with the possible chart pattern price target of 12.75 levels.

 

ALLIANCE BERNSTEIN HOLDING LP (AB)

AllianceBernstein Holding L.P. is engaged in providing research, investment management and related services to a range of clients through its three buy-side distribution channels: Institutions, Retail and Private Wealth Management, and its sell-side business, Bernstein Research Services. The stock is listed on the New York Stock Exchange. Price chart formed an 18 month-long rectangle with the strong horizontal boundary acting as resistance at 24.70 levels. The daily close above 25.45 levels confirmed the breakout from the lengthy sideways consolidation with the possible chart pattern price target of 28.70 levels. (Learn more: Video Tutorial – Rectangle)

 

ALPHABET INC (GOOGL.O)

Alphabet Inc. is a holding company. The Company’s businesses include Google Inc. (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The stock is listed on the Nasdaq Stock Exchange. The chart below shows the steady uptrend that has been intact for the past 3 years. Alphabet Inc. is trending above its long-term average. Alphabet Inc. formed a 4 month-long rectangle that is possibly acting as a bullish continuation chart pattern. The daily close above 1,020 levels confirmed the breakout from the bullish continuation chart pattern with the possible price target of 1,090 levels. (Learn more: Video Tutorial – Rectangle)

 

VANECK VECTORS INDIA SMALL CAP INDEX ETF (SCIF.K)

VanEck Vectors India Small-Cap Index ETF features the small-cap companies performance in India. The ETF is listed on the New York Stock Exchange. Price chart formed a 4 month-long rectangle with the strong horizontal boundary acting as resistance at 60 levels. The upper boundary of the sideways consolidation was tested several times over the course of the chart pattern. The daily close above 61.50 levels confirmed the breakout from the rectangle chart pattern with the possible price target of 67 levels. This chart shows that equity market strength in India might not be limited to large-caps stocks.

 

COLUMBIA SPORTSWEAR CO. (COLM.O)

Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 17 month-long rectangle with the boundaries between 52 and 63 levels. The boundaries are well-defined. The stock has been trading in this well-defined range for the past 17 months. The daily close above 64.90 levels confirmed the breakout with the possible chart pattern price target of 74 levels. (Learn more: Video Tutorial – Rectangle)

 

SHIZUOKA BANK LTD. (8355.T)

THE SHIZUOKA BANK, LTD. (the Bank) is a Japan-based regional bank. The stock is listed on the Tokyo Stock Exchange. Price chart formed a 9 month-long ascending triangle with the strong horizontal boundary acting as resistance at 1,045 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 1,075 levels confirmed the breakout from the bullish continuation chart pattern with the possible price target of 1,240 levels. Breakouts from chart patterns with horizontal boundaries are usually reliable. (Learn more: Video Tutorial – Ascending Triangle bullish continuation)

 

NTT DATA CORP (9613.T)

NTT DATA CORPORATION is a Japan-based information technology (IT) company. The stock is listed on the Nikkei Stock Exchange. Price chart formed a 2 year-long cup & handle chart pattern with the horizontal boundary acting as resistance at 1,270 levels. The cup & handle is a bullish continuation chart pattern. The daily close above 1,308 levels confirmed the breakout from the multi-year bullish continuation chart pattern with a possible price target of 1,600 levels. (Learn more: Video Tutorial – Cup & Handle bullish continuation)

 

INTERNATIONAL CONSOLIDATED AIRLINES GROUP (ICAG.MC)

International Consolidated Airlines Group, S.A. is an airline company that holds the interests in airline and ancillary operations. Its segments include British Airways, Iberia, Vueling, Aer Lingus and Other Group companies. It combines the airlines in the United Kingdom, Spain and Ireland. The stock is listed in several exchanges in Europe. The chart below features the Spain’s Madrid Stock Exchange listing. Price chart formed a 5 month-long rectangle with the strong horizontal boundary acting as resistance at 7.25 levels. Rectangle can act as a bullish continuation. The daily close above 7.45 levels confirmed the breakout with the possible chart pattern price target of 8.05 levels. (Learn more: Video Tutorial – Rectangle)

 

GLOBAL EQUITY MARKETS - October 21, 2017

JOHNSON & JOHNSON (JNJ)

Johnson & Johnson is a holding company, which is engaged in the research and development, manufacture and sale of a range of products in the healthcare field. The stock is listed on the New York Stock Exchange. Price chart formed a 4 month-long rectangle with the upper boundary acting as resistance at 136.9 levels. The daily close above 139 levels confirmed the breakout with the possible chart pattern price target of 144.5 levels. Strong weekly bar pushed the price close to its chart pattern price target. Johnson & Johnson was featured in the Interim Update on October 12, 2017 report. (Learn more: Video Tutorial – Rectangle)

 

FILTRONIC PLC. (FTC.L)

Filtronic plc is engaged in the design and manufacture of a range of customized radio frequency (RF), microwave and millimeter-wave components and subsystems. The Company’s segments include Filtronic Broadband, Filtronic Wireless and Central Services.  Please note that this is a small-cap stock that is listed on the London Stock Exchange. Price chart formed a 14 month-long ascending triangle with the strong horizontal boundary acting as resistance at 14.5 levels. Ascending triangle is a bullish continuation chart pattern. The daily close above 15 levels confirmed the breakout from the multi-month long consolidation with the possible chart pattern price target of 21 levels. Filtronic Plc. was featured in the watchlist section of October 14, 2017 report. (Learn more: Video Tutorial – Ascending Triangle bullish continuation)

 

ROYAL BANK OF SCOTLAND GROUP PLC (RBS.L)

The Royal Bank of Scotland Group plc (RBS) is a banking and financial services company. The stock is listed on the London Stock Exchange. Price chart formed a 4 month-long rectangle that is possibly acting as a bullish continuation chart pattern. Steady price action above long-term average is an indication that the stock is in an uptrend. The upper boundary of the rectangle stands as resistance at 270 levels. The daily close above 278 levels confirmed the breakout with the possible price target of 297 levels. The Royal Bank of Scotland Group plc (RBS) was featured in the watchlist section of September 30, 2017 report. (Learn more: Video Tutorial – Rectangle)

 

SUPERGROUP PLC (SGP.L)

SuperGroup Plc designs, produces and sells clothing and accessories under the Superdry brand in approximately 670 points of sale across the world, as well as online. The stock is listed on the London Stock Exchange. Price chart formed a multi-year long ascending triangle with the strong horizontal resistance standing at 1,730 levels. Breakout from the multi-year-long bullish continuation chart pattern can push the stock to all-time high levels. Completion of the major consolidation period can result in a multi-month uptrend. The daily close above 1,780 levels confirmed the breakout from the ascending triangle with the possible chart pattern price target of 2,700 levels. SuperGroup Plc was featured in the watchlist section of October 7, 2017 report. (Learn more: Video Tutorial – Ascending Triangle bullish continuation)

TAMRON CO LTD. (7740.T)

Tamron Co., Ltd. is a Japan-based company mainly engaged in the manufacture and sale of photography- and lens-related products, as well as special machinery and others. The stock is listed on the Nikkei Stock Exchange. Price chart formed a 7 month-long rectangle with the strong horizontal boundary standing as resistance at 2,190 levels. The 7 month-long rectangle is possibly acting as a bullish continuation chart pattern. The daily close above 2,255 levels confirmed the breakout from the rectangle chart pattern with the possible price target of 2,480 levels. Previous resistance becomes the new support level at 2,190. Tamron Co., Ltd. was featured in the watchlist section of September 30, 2017 report. (Learn more: Video Tutorial – Rectangle)

 

AOKI HOLDINGS INC. (8214.T)

AOKI Holdings Inc. is a Japan-based holding company mainly engaged in the sale of fashion products. The stock is listed on the Tokyo Stock Exchange. Price chart formed a 9 month-long ascending triangle with the strong horizontal boundary acting as resistance at 1,480 levels. The boundary of the horizontal chart pattern was tested several times. The daily close above 1,525 levels confirmed the breakout from the bullish continuation chart pattern with a possible price target of 1,690 levels. AOKI Holdings Inc. was featured in the watchlist section of October 7, 2017 report. (Learn more: Video Tutorial – Ascending Triangle bullish continuation)

 

GLOBAL EQUITY MARKETS - October 14, 2017

OLAM INTERNATIONAL LTD. (OLAM.SI)

Olam International Limited is a fully integrated supply chain manager and processor of agricultural products and food ingredients. The stock is listed on the Singapore Stock Exchange. Price chart formed a 3 year-long H&S bottom with the right shoulder in the form of a year-long bullish H&S continuation. Shorter term duration chart patterns that complete long-term chart developments are called launching patterns. Both the 3 year-long H&S bottom and the year-long H&S continuation chart pattern have bullish implications. The daily close above 2.19 levels confirmed the breakout from the multi-year base formation with a possible chart pattern price target of 2.65 levels. Possible chart pattern price target for the year-long H&S continuation stands at 2.4 levels. Olam International Limited was featured in the watchlist section of October 7, 2017 report.(Learn more: Video Tutorial – H&S Bottom)

 

SHANGHAI INDUSTRIAL HOLDINGS LTD. (0363.HK)

Shanghai Industrial Holdings Limited is a Hong Kong-based investment holding company principally engaged in infrastructure facilities businesses, real estate businesses and consumer products businesses. The stock is listed on the Hong Kong Stock Exchange. Price chart formed a 9 month-long symmetrical triangle with the upper boundary standing as resistance at 24.35 levels. Symmetrical triangle is possibly acting as a bullish continuation. The daily close above 25.10 levels confirmed the breakout from the continuation chart pattern with a possible price target of 29.3 levels. Shanghai Industrial Holdings Limited was featured in the watchlist section of October 7, 2017 report. (Learn more: Video Tutorial – Symmetrical Triangle)

 

HIKAL LTD. (HIKA.NS)

Hikal Limited is engaged in the manufacturing of various chemical intermediates, specialty chemicals, active pharmaceutical ingredients (APIs) and contract research activities. The Company offers pharmaceuticals and agrochemicals. The stock is listed on the National Stock Exchange of India. Price chart formed an 11 month-long symmetrical triangle with the upper boundary acting as resistance at 230 levels. The stock has been in a steady uptrend over the past 2 years and the latest consolidation can act as a bullish continuation. The daily close above 237 levels confirmed the breakout from the symmetrical triangle chart pattern with the possible price target of 280 levels. Hikal Limited was featured in the watchlist section of October 7, 2017 report. (Learn more: Video Tutorial – Symmetrical Triangle bullish continuation)

 

MARINE HARVEST ASA (MHG.OL)

Marine Harvest ASA is a Norway-based company engaged in the production and marketing of seafood. The Company operates within three segments, namely Feed, Farming, and Sales and Marketing. The stock is listed on the Oslo Stock Exchange. Price chart formed a year-long ascending triangle with the strong horizontal boundary acting as resistance at 155.8 levels. The daily close above 160.45 levels confirmed the breakout with a possible chart pattern price target of 185 levels. (Learn more: Video Tutorial – Ascending Triangle)

 

GLOBAL EQUITY MARKETS - October 7, 2017

QINGDAO PORT INTERNATIONAL CO LTD. (6198.HK)

Qingdao Port International Co., Ltd. is principally engaged in the provision of containerized and non containerized cargo handling services, port ancillary services and financial services. The stock is listed on the Hong Kong Stock Exchange. Price chart formed a year-long ascending triangle. The upper boundary of the chart pattern stands at 5.00 levels. The daily close above 5.15 levels confirmed the breakout from the bullish ascending triangle chart pattern with a possible price target of 6.30 levels. Qingdao Port International Co. was featured in the watchlist section of September 9, 2017 report. (Learn more: Video Tutorial – Ascending Triangle bullish continuation)

 

EAGLE BANCORP INC. (EGBN.O)

Eagle Bancorp, Inc. is a bank holding company for EagleBank (the Bank). The Bank is the Company’s principal operating subsidiary. The Bank is a chartered commercial bank.  The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 9 month-long H&S continuation chart pattern with the strong horizontal boundary acting as resistance at 65 levels. The daily close above 67 levels confirmed the breakout from the bullish continuation chart pattern with a possible price target of 75 levels. Eagle Bancorp, Inc. was featured in the watchlist section of September 23, 2017 report. (Learn more: Video Tutorial – H&S continuation)

 

VANGUARD SMALL CAP VALUE ETF (VBR)

Vanguard Small-Cap Value ETF (the Fund) is an exchange-traded share class of Vanguard Small-Cap Value Index Fund, which employs a passive management or indexing investment approach designed to track the performance of the MSCI US Small Cap Value Index. The ETF is listed on the New York Stock Exchange. Price chart formed a 7 month-long rectangle with the strong horizontal boundary acting as resistance at 126.15 levels. The daily close above 128 levels confirmed the breakout with a possible chart pattern price target of 133.8 levels. Vanguard Small-Cap Value ETF was featured in the watchlist section of September 23, 2017 report. (Learn more: Video Tutorial – Rectangle)

 

GLOBAL EQUITY MARKETS - September 30, 2017

KONOIKE TRANSPORT CO LTD. (9025.T)

Konoike Transport Co., Ltd. engages in the transportation business. The stock is listed on the Tokyo Stock Exchange. Price chart formed a 2 year-long H&S continuation chart pattern with the strong horizontal boundary standing as resistance at 1,620 levels. H&S continuation acts a bullish chart pattern when it forms after an uptrend. The daily close above 1,670 levels confirmed the breakout from the multi-month consolidation with a possible chart pattern price target of 2,220 levels. With the latest breakout, Konoike Transport Co. reached new all-time highs. This breakout opportunity was featured in the watchlist section of September 23, 2017 report. (Learn more: Video Tutorial – H&S continuation)

DMG MORI CO LTD. (6141.T)

DMG MORI CO., LTD., formerly DMG MORI SEIKI CO., LTD., is engaged in the manufacture and sale of machine tools. The Company provides machining centers, numerical control lathes, grinding machines, measurement equipment, software and hardware, auto parts, mold parts, as well as machining products. The stock is listed on the Tokyo Stock Exchange. Price chart formed a 6 month-long ascending triangle with the strong horizontal boundary standing at 1,935 levels. Ascending triangle is a bullish continuation chart pattern. The daily close above 1,995 levels confirmed the breakout with a possible chart pattern price target of 2,260 levels. DMG MORI CO., LTD. was featured in the watchlist section of September 23, 2017 report. (Learn more: Video Tutorial – Ascending Triangle)

 

PEUGEOT SA (PEUP.PA)

Peugeot S.A. is a holding company. The Company operates through three segments. The Automotive Division covers the design, manufacture and sale of passenger cars and light commercial vehicles under the Peugeot, Citroen and DS brands. The Automotive Equipment Division corresponds to the Faurecia Group consisting of Interior Systems, Automotive Seating and Clean Mobility. The Finance Division corresponds to the BPF, which provides retail financing to customers of the Peugeot, Citroen and DS brands, and wholesale financing to the brands’ dealer networks. The stock is listed on the Paris Stock Exchange. Price chart formed a 6 month-long symmetrical triangle. Symmetrical triangle can act as a continuation chart pattern as well as a reversal. Last week’s price action was arguably a borderline breakout. The Edwards and Magee 3% breakout confirmation guideline suggested that the stock should close above 19.57 for confirmation. The daily close was 19.58 and I wanted to see more strength during this week. The daily close above 19.70 confirmed the breakout from the 6 month-long symmetrical triangle. Possible chart pattern price target for the symmetrical triangle stands at 22 levels. The monthly scale chart features a major base formation that can have long-term implications for the European Auto industry. Peugeot S.A. was featured in the watchlist section of September 23, 2017 report.  (Learn more: Video Tutorial – Symmetrical Triangle)

 

CACI INTERNATIONAL INC. (CACI.K)

CACI International Inc is a simulation technology company. The Company provides information solutions and services.  The Company’s domestic operations segment provides information solutions and services to its domestic customers in market areas, which include business systems; command and control; communications; cyber security, and enterprise information technology. Its international operations segment provides IT services, and data and software products. The stock is listed on the New York Stock Exchange. Price chart formed an 8 month-long H&S continuation chart pattern with the strong horizontal boundary acting as resistance at 132.75 levels. Breakout from the bullish continuation chart pattern pushed the stock to all-time highs. Breakouts from such setups are usually reliable and are followed by strong directional movement. The daily close above 136.75 levels confirmed the breakout with the possible chart pattern price target of 154 levels. CACI International Inc was featured in the watchlist section of September 23, 2017 report. (Learn more: Video Tutorial – H&S continuation)

 

POWERSHARES S&P 500 HIGH BETA ETF (SPHB.K)

The Fund seeks investment results that correspond to the S&P 500 High Beta Index. This Index consists of the 100 stocks from the S&P 500 Index with the highest sensitivity to market movements, or beta, over the past 12 months. The Fund will typically invest at least 90% of its assets in stocks in the Underlying Index. The ETF is listed on the New York Stock Exchange. Price chart formed a 9 month-long rectangle with the strong horizontal boundary acting as resistance at 38.6 levels. The daily close above 39.4 levels confirmed the breakout from the multi-month long sideways consolidation with a possible chart pattern price target of 41.5 levels. POWERSHARES S&P 500 HIGH BETA ETF was featured in the watchlist section of September 23, 2017 report. (Learn more: Video Tutorial – Rectangle)

 

GLOBAL EQUITY MARKETS - September 23, 2017

WOODWARD INC. (WWD.O)

Woodward, Inc. is an independent designer, manufacturer and service provider of energy control and optimization solutions. The Company designs, produces and services energy control products for various applications. The stock is listed on the Nasdaq Stock Exchange. Price chart formed an 8 month-long rectangle that is possibly acting as a bullish continuation. Strong horizontal boundary stood as resistance at 71.5 levels. Old resistance became support. The daily close above 73.8 levels confirmed the breakout with a possible chart pattern price target of 78 levels. Woodward, Inc. was featured in the watchlist section of September 16, 2017 report. (Learn more: Video Tutorial – Rectangle)

 

SKYWEST INC. (SKYW.O)

SkyWest, Inc., through its subsidiaries, SkyWest Airlines, Inc. (SkyWest Airlines) and ExpressJet Airlines, Inc. (ExpressJet), operates regional airline operations in the United States. The Company’s segments include SkyWest Airlines, ExpressJet and SkyWest Leasing. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 9 month-long rectangle chart pattern that is possibly acting as a continuation. The upper boundary of the rectangle stood as resistance at 39.7 levels. The daily close above 40.9 levels confirmed the breakout from the sideways consolidation with a possible chart pattern price target of 48.5 levels. SkyWest, Inc. was featured in the watchlist section of September 16, 2017 report. (Learn more: Video Tutorial – Rectangle)

 

NORFOLK SOUTHERN CORP (NSC)

Norfolk Southern Corporation is a holding company engaged in the rail transportation business. As of December 31, 2016, the Company operated approximately 19,500 miles of road primarily in the East and Midwest. The Company is engaged in the rail transportation of raw materials, intermediate products and finished goods primarily in the Southeast, East and Midwest. The stock is listed on the New York Stock Exchange. Price chart formed a 6 month-long ascending triangle with the horizontal boundary standing as resistance at 124.8 levels. The daily close above 128.5 levels confirmed the breakout with a possible chart pattern price target of 140 levels. In up trends, ascending triangle acts as a bullish continuation chart pattern. Norfolk Southern Corporation was featured in the watchlist section of September 9, 2017 report. (Learn more: Video Tutorial – Ascending Triangle)

 

ITT INC. (ITT)

ITT Inc. is a manufacturer of engineered critical components and customized technology solutions for the energy, transportation and industrial markets. The stock is listed on the New York Stock Exchange. Price chart formed a 9 month-long rectangle with the strong horizontal boundary standing as resistance at 42.75 levels. The upper boundary of the possible rectangle continuation was tested several times over the past 9 months. The daily close above 44 levels confirmed the breakout with a possible chart pattern price target of 47.65 levels. (Learn more: Video Tutorial – Rectangle)

 

ROYAL DUTCH SHELL PLC (RDSa)

The Royal Dutch Shell plc explores for crude oil and natural gas around the world, both in conventional fields and from sources, such as tight rock, shale and coal formations. The stock is listed in European exchanges as well as the New York Stock Exchange. The chart below shows the New York Stock Exchange listing. Price chart formed a year-long ascending triangle with the strong horizontal resistance standing at 56.5 levels. In the first week of August, Royal Dutch Shell breached the horizontal resistance but failed to confirm the breakout from the bullish continuation chart pattern. Last two week’s price action has been on the upside and once again challenged the strong chart pattern boundary. The daily close above 58 levels confirmed the breakout from the year-long ascending triangle with a possible chart pattern price target of 67 levels. The Royal Dutch Shell plc was featured in the watchlist section of September 16, 2017 report.Tech Charts Study section discussed Premature and False Breakouts on price charts. (Learn more: Video Tutorial – Ascending Triangle)

 

MGM CHINA HOLDINGS LTD. (2282.HK)

MGM China Holdings Limited is an investment holding company principally engaged in the development and operation of casino games of chance in Macau. The stock is listed on the Hong Kong Stock Exchange. Price chart formed a multi month-long complex H&S bottom with the right shoulder in the form of an ascending triangle. The horizontal boundary at 18 levels is both the upper boundary of the ascending triangle and the neckline for the H&S base formation. The bottoming process for MGM China Holdings Limited started in 2016 and the initial breakout was confirmed after the price completed a year-long H&S bottom by clearing 12.20 levels. The daily close above 18.55 levels confirmed the completion of a larger scale base formation with a possible chart pattern price target of 27.5 levels. Possible price target for the 7 month-long ascending triangle stands at 22.3 levels. MGM China Holdings Limited was featured in the watchlist section of September 16, 2017 report. (Learn more: Video Tutorial – H&S BOTTOM)

 

SANDS CHINA LTD. (1928.HK)

Sands China Ltd. is an investment holding company principally engaged in the development and operation of integrated resorts in Macao. The Company operates many places, including gaming areas, meeting space, convention and exhibition halls, retail and dining areas and entertainment venues. The stock is listed on the Hong Kong Stock Exchange. Price chart formed an 8 month-long symmetrical triangle with the strong resistance standing at 38 levels. The symmetrical triangle is possibly acting as a continuation chart pattern. The daily close above 39.15 levels confirmed the breakout with a possible chart pattern price target of 45 levels. Sands China Ltd. was featured in the watchlist section of September 9, 2017 report. (Learn more: Video Tutorial – Symmetrical Triangle)

 

CAPGEMINI SE (CAPP.PA)

Capgemini SE, formerly Cap Gemini SA, is a France-based company engaged in the provision of consulting, outsourcing, technology and local professional services. The stock is listed on the Paris Stock Exchange. Price chart formed a 4 month-long bullish continuation flag. The stock cleared a 2 year-long rectangle back in April 2017. Since then, the price has been consolidating above the strong support at 90 levels. The uptrend can resume with the completion of short-term bullish flag. The daily close above 100.3 levels confirmed the breakout from the bullish continuation chart pattern with a possible price target of 110 levels. Capgemini SE was featured in the watchlist section of September 19, 2017 report. (Learn more: Video Tutorial – Rectangle)

 

GLOBAL EQUITY MARKETS - September 16, 2017

TELEFONICA BRASIL SA (VIV)

Telefonica Brasil S.A. is a mobile telecommunications company in Brazil offering postpaid mobile services. The Company also operates as a fixed telecommunications company in the state of Sao Paulo. The Company markets its mobile services under its Vivo brand. It offers its clients a portfolio of products, including mobile and fixed voice, mobile data, fixed broadband, ultra-fast broadband, Pay television, information technology and digital services. The stock is listed on the NYSE via depository receipts. Price chart formed a year-long ascending triangle with the strong horizontal boundary standing as resistance at 15.55 levels. Ascending triangle is a bullish continuation chart pattern. The daily close above 16 levels confirmed the breakout from the year-long consolidation with the possible chart pattern price target of 19.30 levels. (Learn more: Video Tutorial – Ascending Triangle)

 

ENTERTAINMENT ONE LTD. (ETO.L)

Entertainment One Ltd. is an independent entertainment company listed on the London Stock Exchange. The Company is focused on the acquisition, production and distribution of television, family, film and music content rights across all media across the world. The stock is listed on the London Stock Exchange. Price chart formed a year-long symmetrical triangle with the upper boundary standing as resistance at 250 levels. Symmetrical triangle is possibly acting as a bullish continuation chart pattern. The daily close above 257 levels confirmed the breakout from the consolidation range with a possible chart pattern price target of 312 levels. (Learn more: Video Tutorial – Symmetrical Triangle)

 

FANG HOLDINGS LTD. (SFUN.K)

Fang Holdings Limited, formerly SouFun Holdings Limited, operates as a real estate Internet portal in China. The Company’s Websites and mobile applications support active online communities and networks of users seeking information on, and services for, the real estate and home-related sectors in China. The Company, through its Internet platform, is engaged in the development of transaction and financing platforms by offering direct sales services for new homes, online real estate brokerage services and financial services. The stock is listed on the New York Stock Exchange. Price chart formed a 9 month-long H&S bottom with the horizontal resistance (neckline) standing at 3.95 levels. Price has been in a multi-year long downtrend. The H&S bottom is possibly reversing the multi-year downtrend with the latest breakout above the downward sloping trendline. The daily close above 4.07 levels confirmed the breakout from the H&S bottom reversal chart pattern with a possible price target of 5.45 levels. (Learn more: Video Tutorial – H&S BOTTOM)

 

GLOBAL EQUITY MARKETS - September 9, 2017

RANDGOLD RESOURCES LTD (RRS.L)

Randgold Resources Limited is engaged in gold mining, exploration and related activities. The Company’s activities are focused on West and Central Africa. The Company operates through the gold mining segment. The Company operates various mines, such as Morila, Loulo, Gounkoto, Tongon and Kibali. The Company is exploring in African countries, such as Mali, Senegal, Cote d’Ivoire and the Democratic Republic of Congo (DRC). The stock is listed on the London Stock Exchange. Price chart completed a 5 month-long rectangle that can act as continuation. The daily close above 7,930 levels confirmed the breakout from the 5 month-long rectangle continuation chart pattern with the possible price target of 9,000 levels. (Learn more: Video Tutorial – Rectangle)

 

FIELDS CORP. (2767.T)

FIELDS CORPORATION is mainly engaged in the planning, development and sale of amusement machines. The stock is listed on the Nikkei Stock Exchange. Price chart formed a year-long H&S continuation in a downtrend.  Since the beginning of 2016, FIELDS CORP has been in a downtrend and the recent breakdown can put more pressure on the stock. The horizontal boundary at 1,145 levels was tested 5 times over the past year. The daily close below 1,115 levels confirmed the breakdown with a possible chart pattern price target of 900 levels.

 

IRISH CONTINENTAL GROUP PLC (IR5B_u.I)

Irish Continental Group plc is an Ireland-based maritime transport company. The Company operates through two segments: Ferries, and Container & Terminal. The stock is listed on the Irish Stock Exchange. Price chart formed a 19 month-long H&S continuation with the strong horizontal boundary standing as resistance at 5.57 levels. Completion of the multi-month bullish continuation chart pattern can push the stock to all-time highs. Breakouts from long-term bullish chart patterns to all-time high levels usually offer great opportunity. The daily close above 5.75 levels confirmed the breakout with the possible chart pattern price target of 7.0.

 

GLOBAL EQUITY MARKETS - September 2, 2017

BIOGEN INC (BIIB.O)

Biogen Inc. is a biopharmaceutical company. The Company focuses on discovering, developing, manufacturing and delivering therapies to people living with serious neurological, rare and autoimmune diseases. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a year-long rectangle with the strong horizontal boundary standing as resistance at 300 levels. Rectangle is possibly acting as a continuation chart pattern. Breakouts that take place after several tests of chart pattern boundaries are usually reliable. The daily close above 309 levels confirmed the breakout from the year-long sideways trading range with a possible chart pattern price target of 350 levels. Biogen Inc. was featured in the watchlist section of August 19, 2017 report. (Learn more: Video Tutorial – Rectangle)

 

GLOBAL EQUITY MARKETS - August 26, 2017

LENOVO GROUP LTD. (0992.HK)

Lenovo Group Limited is an investment holding company principally engaged in personal computers and related businesses. The Company’s main products include Think-branded commercial personal computers and Idea-branded consumer personal computers, as well as servers, workstations and a family of mobile Internet devices, including tablets and smart phones. The stock is listed on the Hong Kong Stock Exchange. Price chart formed a year-long symmetrical triangle. The multi-month consolidation is possibly acting as a bearish continuation.  The daily close below 4.56 levels confirmed the breakdown with a possible chart pattern price target of 3.78 levels. Since the beginning of 2015, Lenovo Group has been in a downtrend.

 

INFOSYS LTD (INFY.BO)

Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The stock is listed on the Bombay Stock Exchange. Price chart formed a 9 month-long symmetrical triangle with the lower boundary acting as support at 925 levels. The daily close below 895 levels confirmed the breakdown of the 9 month-long bearish continuation chart pattern with the possible price target of 780 levels.

 

GLOBAL EQUITY MARKETS - August 19, 2017

DREAM OFFICE REAL ESTATE INVESTMENT TRUST (D_u.TO)

Dream Office Real Estate Investment Trust (the Trust), formerly Dundee Real Estate Investment Trust, is a Canada-based open-ended investment trust. The Trust’s segments include Western Canada, Calgary downtown, Calgary suburban, Toronto downtown, Toronto suburban, Eastern Canada and Other. It is engaged in building and maintaining a diversified portfolio of office properties in Canada, based on an established platform, and providing cash distributions to unitholders and managing distributions over time. The real estate investment trust is listed on the Toronto Stock Exchange. Price chart formed a 2 year-long symmetrical triangle that is possibly acting as a bottom reversal. In the first half of 2017, price consolidated in a tight range and possibly formed a bullish rectangle continuation. The rectangle chart pattern is now acting as a launching pattern. Price is breaking above three important technical levels. Usually breakouts that clear more than one technical resistance are reliable. Dream Office Real Estate Investment Trust is breaking above a multi-year downtrend line, completing a bullish rectangle continuation chart pattern and also a 2 year-long symmetrical triangle. The daily close above 20.90 levels confirmed the breakout with the possible chart pattern price target standing at 27.20 levels.

TUI AG (TUIGn.DE)

TUI AG is a Germany-based integrated tourism group that operates through five segments: Central Region, Western Region, Hotels and Resorts, Cruises and Other Tourism. The stock is listed on the Germany’s XETRA. Price chart formed a year-long H&S bottom with the strong horizontal resistance standing at 14 levels. H&S bottoms are bullish reversal chart patterns. Completion of a H&S bottom is possibly reversing the downtrend. The right shoulder of the multi-month H&S bottom can be identified as a 5 month-long rectangle that is acting as a launching pattern. The daily close above 14.45 levels confirmed the breakout from the bullish reversal chart pattern with the possible price target of 17.6 levels. Possible chart pattern price target for the rectangle continuation stands at 15.50 levels. TUI AG was featured in the watchlist section of August 5, 2017 report. (Learn more: Video Tutorial – H&S Bottom)

 

SAFILO GROUP SPA (SFLG.MI)

Safilo Group SpA is an Italy-based holding company of the Safilo Group (the Group). The Group manufactures sunglasses and prescription eyewear and is engaged in the design, production, wholesale and retail distribution of products for the eyewear market. The stock is listed on the Milan Stock Exchange.  A cup & handle is a bullish continuation chart pattern. However, in downtrends a similar but inverted form appears on price charts. SAFILO GROUP completed an inverted form of a cup & handle chart set up in 2016 which was followed by a sharp sell-off. Recently the stock confirmed the breakdown of another similar chart pattern, headed for lower levels. SAFILO GROUP’S rebound in the first half of 2017 has been very weak. The daily close below 6.05 levels confirmed the breakdown and suggests lower levels for the stock. The lower boundary of the 2 year-long downtrend channel is at 4.5 levels. SAFILO GROUP can target 4.5 levels. SAFILO GROUP was featured in the watchlist section of August 12, 2017 report.

 

GLOBAL EQUITY MARKETS - August 12, 2017

HUMMINGBIRD RESOURCES (HUMR.L)

Hummingbird Resources PLC is a United Kingdom-based multi-asset gold company. The Company’s principal activity is the exploration, evaluation and development of mineral exploration targets, principally gold, focused in West Africa. It operates in the exploration and development of mineral resources segment. The stock is listed on the London Stock Exchange. Price chart formed a 15 month-long H&S continuation chart pattern with the strong horizontal resistance standing at 27.80 levels. The daily close above 29.15 levels confirmed the breakout from the multi-month bullish continuation chart pattern with the possible price target of 40 levels. Hummingbird Resources PLC was featured in the watchlist section of August 5, 2017 report. (Learn more: Video Tutorial – H&S Continuation)

 

SATRIX 40 TRUST (STX40J.J)

The FTSE/JSE Top40 Index is a capitalization weighted index. Companies included in this index are the 40 largest companies by market capitalization included in the FTSE/JSE All Shares Index. The mandate of the Satrix 40 portfolio is to track as closely as possible the value of the FTSE/JSE Top 40 index. Satrix 40 is an index tracking fund, registered as a Collective Investment Scheme and is also listed on the JSE Securities Exchange as an Exchange Traded Fund. The Satrix 40 provides both the price performance of the FTSE/JSE Top 40 index as well as paying out each quarter all the dividends received from the 40 companies in this index, less the net costs of running the portfolio. In order to reduce costs and minimise tracking error, the Satrix 40 Trust engages in scrip lending activities. Manufactured (taxable) dividends could arise from such transactions. Price chart formed a 2 year-long symmetrical triangle with the upper boundary standing as resistance at 4,850 levels. The daily close above 4,995 levels confirmed the breakout with a possible chart pattern price target of 5,720 levels. 2 year-long symmetrical triangle is possibly acting as a continuation chart pattern. Satrix 40 was featured in the watchlist section of August 5, 2017 report (Learn more: Video Tutorial – Symmetrical Triangle)

 

GLOBAL EQUITY MARKETS - August 5, 2017

TRUSCO NAKAYAMA (9830.T)

TRUSCO NAKAYAMA CORPORATION is mainly engaged in the sale of various tools and equipment to factories and home centers. The stock is listed on the Tokyo Stock Exchange. Price chart formed a year-long ascending triangle with the strong horizontal boundary standing as resistance at 2,770 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 2,850 levels confirmed the breakout from the multi-month bullish continuation chart pattern with a possible price target of 3,300 levels. TRUSCO NAKAYAMA CORPORATION was featured in the watchlist section of July 29, 2017 report. (Learn more: Video Tutorial – Ascending Triangle)

 

GLOBAL EQUITY MARKETS - July 29, 2017

EFG INTERNATIONAL AG (EFGN.S)

EFG International AG is a Switzerland-based company engaged in the banking and investment services sector. The Company offers private banking and asset management services. The stock is listed on the Swiss Stock Exchange. Price chart formed a 6 month-long rectangle with the horizontal boundary standing as resistance at 6.60 levels. The daily close above 6.80 levels confirmed the breakout from the multi-month bullish continuation chart pattern with the possible chart pattern price target of 7.80 levels. Stocks that hold above long-term averages (200-day (40 week)) and break out of bullish continuation chart patterns are better candidates of establishing strong uptrends. EFG International AG was featured in the watchlist section of July 15, 2017 report. (Learn more: Video Tutorial – Rectangle)

 

UBS GROUP AG (UBS)

UBS Group AG is a holding company and conducts its operations through UBS AG and its subsidiaries. The Company comprises Corporate Center and five business divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management and the Investment Bank. The stock is listed on several exchanges. The chart below shows the listing on the New York Stock Exchange. Price chart formed a 16 month-long H&S bottom with the strong horizontal resistance standing at 17.40 levels. H&S bottom is a bullish reversal chart pattern. Long-term chart patterns, when completed successfully, signal major change in trend. The daily close above 17.90 confirmed the breakout from the multi-month base formation with a possible price target of 22.5. UBS Group AG was featured in the watchlist section of July 1, 2017 report. (Learn more: Video Tutorial – H&S Bottom)

 

VF CORP (VFC)

V.F. Corporation (VF) is engaged in the design, production, procurement, marketing and distribution of branded lifestyle apparel, footwear and related products. The stock is listed on the New York Stock Exchange. Price chart formed a 9 month-long H&S bottom with the neckline standing at 58.10 levels. The daily close above 59.85 levels confirmed the breakout from the multi-month bullish reversal chart pattern with a possible price target of 68 levels. V.F. Corporation was featured in the watchlist section of July 22, 2017 report. (Learn more: Video Tutorial – H&S Bottom)

 

NASDAQ INC (NDAQ.O)

Nasdaq, Inc. (Nasdaq) is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 9 month-long ascending triangle with the strong horizontal boundary standing at 71.90 levels. The daily close above 74 levels confirmed the breakout from the bullish continuation chart pattern with a possible price target of 81 levels. Nasdaq, Inc. was featured in the watchlist section of July 15, 2017 report.  (Learn more: Video Tutorial – Ascending Triangle)

 

BAIDU INC. (BIDU.O)

Baidu, Inc. is a Chinese language Internet search provider. The Company offers a Chinese language search platform on its Baidu.com Website that enables users to find information online, including Webpages, news, images, documents and multimedia files, through links provided on its Website. BAIDU is listed on the Nasdaq Stock Exchange. Price chart formed a year-long symmetrical triangle with the upper boundary standing as resistance at 192 levels. The daily close above 197.5 confirmed the breakout from the multi-month sideways consolidation with a possible price target of 240 levels. Baidu, Inc. was featured in the watchlist section of July 22, 2017 report.

 

KOKUYO CO LTD. (7984.T)

KOKUYO CO., LTD. is a Japan-based manufacturing company primarily offering stationery and furniture products. The stock is listed on the Tokyo Stock Exchange. Price chart formed a year-long H&S continuation chart pattern with the strong horizontal boundary standing at 1,540 levels. Price tested the strong resistance several times over the past year. The daily close above 1,585 levels confirmed the breakout from the year-long bullish continuation chart pattern with the possible price target of 1,830 levels. KOKUYO CO., LTD. was featured in the watchlist section of July 8, 2017 report. (Learn more: Video Tutorial – H&S Continuation)

 

HITACHI KOKUSAI ELECTRIC (6756.T)

Hitachi Kokusai Electric Inc. is principally engaged in the manufacture and sale of electronic equipment. The stock is listed on the Tokyo Stock Exchange. Price chart formed a 6 month-long rectangle with the strong horizontal boundary standing at 2,675 levels. Rectangle chart pattern is possibly acting as a continuation. The daily close above 2,755 levels confirmed the breakout with a possible chart pattern price target of 3,025 levels. Last two month’s tight consolidation below the strong horizontal boundary was a preparation for a breakout. Hitachi Kokusai Electric Inc. was featured in the watchlist section of July 15, 2017 report. (Learn more: Video Tutorial – Rectangle)

 

TURKCELL ILETISIM HIZMETLERI (TKC)

Turkcell Iletisim Hizmetleri AS is engaged in establishing and operating a Global System for Mobile Communications (GSM) network in Turkey and regional states. The stock is listed on the New York Stock Exchange via depository receipts. Price chart formed a 4 month-long rectangle with the horizontal boundary standing as resistance at 8.75 levels. The daily close above 9 levels confirmed the breakout from the bullish continuation chart pattern with a possible price target of 9.65 levels. Turkcell Iletisim Hizmetleri AS was featured in the watchlist section of July 22, 2017 report. (Learn more: Video Tutorial – Rectangle)

 

GLOBAL EQUITY MARKETS - July 22, 2017

HONG KONG EXCHANGES & CLEARING (0388.HK)

Hong Kong Exchanges and Clearing Limited operates in the financial market across the globe. The stock is listed on the Hong Kong Stock Exchange. Price chart formed a 20 month-long symmetrical triangle that is possibly acting as a bottom reversal. After long downtrends, symmetrical triangle can act as a reversal chart pattern. This week’s price action breached the upper boundary of the lengthy consolidation at 208 levels. The daily close above 214 levels confirmed the breakout with a possible price target of 260 levels. Hong Kong Exchanges and Clearing Limited was featured in the Interim Update on July 13, 2017.

 

YUEXIU PROPERTY CO LTD. (0123.HK)

Yuexiu Property Company Limited is a Hong Kong-based investment holding company principally engaged in property businesses. The stock is listed on the Hong Kong Stock Exchange. Price chart formed a 2 year-long H&S bottom reversal with the horizontal resistance standing at 1.42 levels. The daily close above 1.465 levels confirmed the breakout with a possible chart pattern price target of 1.95 levels. Yuexiu Property Company Limited was discussed in the July 8, 2017 report under the Tech Charts Watchlist. (Learn more: Video Tutorial – H&S Bottom)

 

TOYOBO CO LTD. (3101.T)

TOYOBO CO., LTD. is a Japan-based manufacturing company that operates in five business segments. The Film and Functional Polymers segment offers packaging films, industrial films, industrial adhesives, engineering plastic and optical functional materials. The Industrial Material segment offers textile materials for automobile uses, super fibers, functional filters and non-woven cloth. The Life Science segment offers biotechnology products, such as enzymes for diagnostic drugs, as well as pharmaceuticals, medical films, medical devices and aquatic films. The Clothing Textile segment offers functional clothing, apparel products, clothing textiles and clothing fibers. The Real Estate segment is involved in the leasing and management of real estate properties. The stock is listed on the Tokyo Stock Exchange. Price chart formed a 4 year-long rectangle with the strong horizontal boundary standing as resistance at 210 levels. Breakouts from well-defined long-term chart patterns usually offer great opportunity. The horizontal boundary was tested several times. Last 2 year’s price action can be identified as a symmetrical triangle that is possibly acting as a launching pattern from the 4 year-long rectangle consolidation. The daily close above 216 levels confirmed the breakout with a possible price target of 285 levels. TOYOBO CO was discussed in the July 15, 2017 report under the Tech Charts Watchlist. (Learn more: Video Tutorial – Rectangle)

TRANSCANADA CORP (TRP)

TransCanada Corporation is an energy infrastructure company. The Company is engaged in the development and operation of North American energy infrastructure, including natural gas and liquids pipelines, power generation and natural gas storage facilities. The stock is listed on the New York Stock Exchange. Price chart formed a 10 month-long ascending triangle with the strong horizontal boundary standing as resistance at 48.50 levels. The daily close above 50 levels confirmed the breakout with a possible price target of 54.5 levels. Ascending triangle is a bullish continuation chart pattern. TransCanada Corporation was discussed in the July 8, 2017 report under the Tech Charts Watchlist. (Learn more: Video Tutorial – Ascending Triangle)

 

GLOBAL EQUITY MARKETS - July 15, 2017

ISHARES CHINA LARGE CAP ETF (FXI)

A major chart pattern development is taking place on the Chinese equity ETF that is listed on the New York Stock Exchange. Ishares China Large Cap ETF is possibly completing a major 20 month-long base formation. Multi-month H&S bottom chart pattern has a neckline at 39.65 levels. Breakout attempt in the first quarter of 2017, was followed by a short-term set-back that found support at the neckline. However, during this week we can see that the China Large Cap ETF gained momentum once again. The daily close above 40.85 confirmed the breakout from the bullish reversal chart pattern with a possible price target of 50.25. A strong performance might be around the corner for the China Large Cap ETF. Ishares China Large Cap ETF was discussed in the May 27, 2017 report under the Tech Charts Watchlist. (Learn more: Video Tutorial – H&S Bottom)

 

SSAB AB (SSABa.ST)

SSAB AB is a Sweden-based company active within the steel industry. The Company is engaged in the development, manufacture and marketing of high strength steel products and solutions. The stock is listed on the Stockholm Stock Exchange. Price chart formed a 6 month-long rectangle chart pattern that is possibly acting as a continuation. Over the past year the stock has been in a steady uptrend. Breakout from the 6 month-long rectangle will possibly add momentum to the ongoing uptrend. The daily close above 41.40 confirmed the breakout from the horizontal chart pattern with the possible chart pattern price target of 47.75 levels. SSAB AB was discussed in the July 8, 2017 report under the Tech Charts Watchlist. (Learn more: Video Tutorial – Rectangle)

 

PADDY POWER BETFAIR PLC (PPB.I)

Paddy Power Betfair plc, formerly Paddy Power plc, is an Ireland-based public online betting and gaming company. The Company operates through Online (ex Australia), Online Australia, UK Retail, Irish Retail, and Telephone segments. The stock is listed on the Irish Stock Exchange. Price chart formed a year-long bearish descending triangle. Lower highs and horizontal support gives the chart pattern its bearish bias. In a downtrend, descending triangle acts as a continuation chart pattern. Well-defined horizontal support was tested for 5 times. The daily close below 89 levels confirmed the breakdown from the year-long descending triangle with a possible price target of 68 levels. (Learn more: Video Tutorial – Descending Triangle)

 

GLOBAL EQUITY MARKETS - July 8, 2017

PULTEGROUP INC. (PHM)

PulteGroup, Inc. is a home builder in the United States. The Company’s segments include Home building and Financial Services. The stock is listed on the New York Stock Exchange. Price chart formed a 4 year-long rectangle with the strong horizontal boundary standing at 24 levels. PulteGroup’s 4 year-long rectangle is possibly acting as a continuation chart pattern and suggesting higher prices in the coming months. The daily close above 24.75 levels confirmed the breakout with a possible chart pattern price target of 33.40 levels. Breakouts from well-defined long-term chart patterns with horizontal boundaries can offer great long-term opportunity. PulteGroup, Inc. was featured in the watchlist section of July 1, 2017 report. (Learn more: Video Tutorial – Rectangle)

 

 

GLOBAL EQUITY MARKETS - July 1, 2017

ISHARES INTERNATIONAL PREFERRED STOCK ETF (IPFF.K)

ISHARES INTL PREFERRED STOCK ETF (IPFF.K) formed an 18 month-long ascending triangle. IPFF.K has a well-defined horizontal resistance that was tested several times over the course of the chart pattern. Strong horizontal boundary stands at 17.45 levels. Last 5 month’s price action can be identified as a rectangle. The 5 month-long rectangle is acting as a launching pattern. The daily close above 17.80 levels confirmed the breakout from the multi-month ascending triangle with the possible price target of 21.40 levels. ISHARES INTL PREFERRED STOCK ETF (IPFF.K) was featured in the watchlist section of June 17, 2017 report.

 

HANDY & HARMAN LTD. (HNH.O)

Handy & Harman Ltd. is a holding company. The Company, through its subsidiaries, is a diversified manufacturer of engineered industrial products. The Company’s segments include Joining Materials, Tubing, Building Materials, Performance Materials, Electrical Products, and Kasco Blades and Route Repair Services. The small cap stock is listed on the Nasdaq Stock Exchange. Price chart formed a year-long H&S continuation chart pattern with the strong horizontal boundary standing at 29.35 levels. The horizontal boundary (neckline) was tested for 4 times over the course of the chart pattern. The daily close above 30.25 levels confirmed the breakout with a possible chart pattern price target of 39.25 levels. The H&S continuation chart pattern on Handy & Harman is very similar to an earlier breakout that has taken place on CARLYLE GROUP which was discussed in the May 6, 2017 report. Both charts are posted below to show the similarity of the chart patterns. H&S continuation is a bullish chart pattern and acts in a similar way to H&S bottom. Handy & Harman Ltd. was featured in the watchlist section of June 3, 2017 report.

CITIZEN WATCH (7762.T)

Citizen Watch Co., Ltd., formerly Citizen Holdings Co., Ltd., along with subsidiaries and associated companies, operates in five business segments. The Watch segment manufactures and sells watch movements. The Machine Tools segment manufactures and sells numerical control (NC) automatic lathes and others. The Device segment provides light-emitting diode (LED), crystal oscillators, micro displays, glass substrates, switches and automobile parts. The Electronic Machinery segment manufactures and sells printers, healthcare equipment and calculators, among others. The Others segment purchases and sells jewelry products and equipment for ball machines. The stock is listed on the Tokyo Stock Exchange. Price chart formed a 6 month-long rectangle with the strong horizontal resistance standing at 768 levels. Rectangle is possibly acting as a continuation chart pattern. The daily close above 790 levels confirmed the breakout with a possible price target of 870 levels. Citizen Watch Co., Ltd was featured in the watchlist section of June 24, 2017 report.

 

AU OPTRONICS CORP (AUO)

AU Optronics Corp. is a thin-film-transistor liquid-crystal display (TFT-LCD) panel provider. The Company operates in two business segments: display business and solar business. Taiwan based company is listed on the NYSE through depository receipt. Price chart formed a 10 month-long symmetrical triangle with the upper boundary standing as resistance at 4.25 levels. Symmetrical triangle is possibly acting as a continuation chart pattern. The daily close above 4.37 levels confirmed the breakout from the 10 month-long sideways consolidation with a possible chart pattern price target of 5.32 levels. This update also features the Taiwan listed price breaking out of a rectangle chart pattern. AU Optronics Corp. was featured in the watchlist section of June 24, 2017 report.

 

GLOBAL EQUITY MARKETS - June 24, 2017

SPDR S&P BIOTECH ETF (XBI)

SPDR S&P Biotech ETF (the Fund) seeks to closely match the returns and characteristics of the S&P Biotechnology Select Industry Index. The S&P Biotechnology Select Industry Index represents the biotechnology sub-industry portion of the S&P Total Markets Index. The ETF is listed on the New York Stock Exchange. Price chart formed a 3 month-long rectangle; another continuation chart pattern after completing a 4 month-long symmetrical triangle. The daily close above 74 levels confirmed the breakout from the 3 month-long rectangle. Both the rectangle and the symmetrical triangle price target around 80 levels was reached during the week. While short-term price target for the SPDR S&P BIOTECH ETF is met, ISHARES NASDAQ BIOTECH ETF suggests that the there might be further gains for the sector. Following chart analyzes the ISHARES NASDAQ BIOTECH ETF. XBI was featured in the watchlist section of June 17, 2017 report. XBI reached its chart pattern price target in the same week.

  

ISHARES NASDAQ BIOTECH ETF (IBB.O)

ISHARES NASDAQ Biotechnology Index Fund (the Fund) seeks investment results that correspond generally to the price and yield performance of the NASDAQ Biotechnology Index (the Index). The Index consists of securities of NASDAQ-listed companies that are classified according to the Industry Classification Benchmark as either biotechnology or pharmaceuticals, and which also meet other eligibility criteria. The Index is one of the eight sub-indices of the NASDAQ Composite, which measures all common stocks listed on The NASDAQ Stock Market, Inc. Strong breakout this week completed a 9 month-long cup & handle chart pattern. The handle part of the multi-month bullish continuation can be identified as a rectangle. Cup & handle chart pattern price target stands at 355 levels.

 

ALICORP SAA (ALI.LM)

Alicorp SAA is a Peru-based company engaged in the food processing industry. The stock is listed on the Lima Stock Exchange. Price chart formed an 8 month-long rectangle with the strong horizontal boundary standing as resistance at 7.85 levels. Rectangle is a bullish continuation chart pattern. The daily close above 8.05 confirmed the breakout from the multi-month sideways consolidation with a possible chart pattern price target of 8.7 levels. ALICORP SAA was featured in the watchlist section of June 3, 2017 report.

 

KINTETSU WORLD EXPRESS INC (9375.T)

Kintetsu World Express,Inc. is a logistics company. The Company is engaged in the airfreight forwarding business, the consolidated import cargo distribution business, the non-air freight forwarding business, the airfreight forwarding agency business, the customs business, the trucking business and the transportation brokerage business. The stock is listed on the Tokyo Stock Exchange. Price chart formed a 5 month-long ascending triangle with the strong horizontal resistance standing at 1,815 levels. The daily close above 1,870 levels confirmed the breakout from the 5 month-long ascending triangle continuation chart pattern with a possible price target of 2,200 levels. Kintetsu World Express was featured in the watchlist section of June 3, 2017 report.

 

IYO BANK LTD. (8385.T)

The Iyo Bank, Ltd. is a Japan-based bank company, primarily engaged in the provision of financial services, with a focus on banking services. The stock is listed on the Tokyo Stock Exchange. Price chart formed a 5 month-long rectangle with the upper boundary standing as resistance at 850 levels. The daily close above 875 levels confirmed the breakout from the 5 month-long consolidation with a possible price target of 1,000 levels. Iyo Bank Ltd. was featured in the watchlist section of June 10, 2017 report.

 

ISHARES MSCI SAUDI ARABIA CAPPED ETF (KSA)

The iShares MSCI Saudi Arabia Capped ETF seeks to track the investment results of a broad-based index composed of Saudi Arabian equities. The ETF is listed on the New York Stock Exchange. However, the liquidity is poor. Though, this could be a good representation of the stock market performance in Saudi Arabia. The table below shows the top 20 holdings in the ETF as of June 16, 2017. Price chart of iShares MSCI Saudi Arabia Capped ETF (KSA) formed a 6 month-long rectangle with the boundaries between 24.15 and 25.85 levels. The daily close above 26.60 levels confirmed the breakout from the rectangle continuation with a possible price target of 29.35, the level calculated for the double bottom chart pattern. iShares MSCI Saudi Arabia Capped ETF (KSA) was featured in the in the Interim Update on June 19, 2017 report.

 

Top 20 constituents of the ISHARES MSCI SAUDI ARABIA CAPPED ETF as of  June 16, 2017

BANQUE SAUDI FRANSI (1050.SE)

Tech Charts Global Equity Markets report drew attention to latest bullish chart setups on Saudi Arabia Tadawul Index and Banque Saudi Fransi in the June 3, 2017 report and the Interim Update June 19, 2017. The daily close above 28.40 levels confirmed the breakout with a possible chart pattern price target of 37 levels. Banque Saudi Fransi completed a 17 year-long H&S bottom reversal.

 

GLOBAL EQUITY MARKETS - June 17, 2017

NORTHERN TRUST CORP (NTRS.O)

Northern Trust Corporation is a financial holding company. The Company provides asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals across the world. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 5 month-long ascending triangle with the strong horizontal boundary standing at 91.60 levels. 91.60 is also a 17 year-long horizontal resistance. Northern Trust is possibly breaking out to all-time highs. Stocks that complete bullish continuation chart patterns and breakout to all-time highs usually offer great long-term opportunity. The daily close above 94.35 levels confirmed the breakout from both chart patterns. The stock also had a strong weekly close.

 

PEBBLEBROOK HOTEL TRUST (PEB)

Pebblebrook Hotel Trust is an internally managed hotel investment company. The Company is a real estate investment trust (REIT) that acquires and invests in hotel properties located primarily in cities of the United States. The stock is listed on the New York Stock Exchange. Price chart formed an 11 month-long ascending triangle with the strong horizontal boundary standing at 31.6 levels. The daily close above 32.65 levels confirmed the breakout with a possible chart pattern price target of 40 levels. Pebblebrook Hotel Trust was featured in the watchlist section of June 10, 2017 report.

 

DELEK US HOLDINGS INC. (DK)

Delek US Holdings, Inc. is an integrated downstream energy business focused on petroleum refining and the transportation, storage and wholesale of crude oil, intermediate and refined products. The Company operates through two segments: Refining and Logistics. The stock is listed on the New York Stock Exchange. Price chart formed a 5 month-long rectangle chart pattern with the horizontal boundary standing at 25.85 levels. The upper boundary of the rectangle chart pattern was tested several times over the past 5 months. The daily close above 26.60 levels confirmed the breakout with a possible chart pattern price target of 30.50 levels. Delek US Holdings was featured in the watchlist section of May 20, 2017 report.

 

NORSK HYDRO ASA (NHY.OL)

Norsk Hydro ASA (Hydro) is an integrated aluminum company with operations in various activities along the aluminum industry’s value chain. The stock is listed on the Oslo Stock Exchange. Price chart formed a 4 month-long H&S top with the neckline standing at 46.05 levels. Over the past weeks the stock breached the year-long upward trend line with a sharp sell-off. Breakdown was followed by a pullback and now a follow-through.  The daily close below 44.65 levels confirmed the H&S top with a possible price target of 39.30 levels. Norsk Hydro ASA was featured in the watchlist section of June 3, 2017 report.

 

ATRIUM EUROPEAN REAL ESTATE (ATRS.VI)

Atrium European Real Estate Limited is an owner, operator and developer of shopping centers in Central and Eastern Europe. The stock is listed on the Vienna Stock Exchange. Price chart formed a 7 month-long rectangle with the strong horizontal boundary standing at 4 levels. The upper boundary of the rectangle was tested several times over the course of the chart pattern. 7 month-long rectangle is possibly acting as a continuation chart pattern. The daily close above 4.06 levels will confirmed the breakout from the bullish continuation chart pattern with a possible price target of 4.3 levels. Atrium European Real Estate Limited was featured in the watchlist section of June 10, 2017 report.

 

GLOBAL EQUITY MARKETS - June 10, 2017

HARTFORD FINANCIAL SERVICES GROUP (HIG)

The Hartford Financial Services Group, Inc. is a holding company for insurance and financial services subsidiaries. The stock is listed on the New York Stock Exchange. Price chart formed a 20 month-long H&S continuation chart pattern with the strong and well-defined horizontal boundary standing at 49.8 levels. The right shoulder of the lengthy consolidation took the form of a 3 month-long rectangle that is possibly acting as a launching pattern. Breakout from the short-term rectangle also completed the long-term chart pattern. The daily close above 51.30 levels confirmed the breakout from the multi-month bullish continuation with a possible price target of 61 levels. Hartford Financial Services Group was featured in the watchlist section of June 3, 2017 report.

 

BANK OF NEW YORK MELLON CORP (BK)

The Bank of New York Mellon Corporation is an investment company. The Company operates businesses through two segments: Investment Management and Investment Services. The stock is listed on the New York Stock Exchange. The upper boundary of the symmetrical triangle acted as resistance at 48.15 levels. Last 5 month’s consolidation took place above strong horizontal support at 44.50. Breakout above 48.15 levels completed the 5 month-long symmetrical triangle and resumed the uptrend. Both the year-long trend channel and the 200 day (40 week) average suggest that the stock is in a steady uptrend. Symmetrical triangle chart pattern price target stands at 54 levels. The Bank of New York Mellon Corporation was featured in the watchlist section of June 3, 2017 report.

 

XINGDA INTERNATIONAL HOLDINGS (1899.HK)

Xingda International Holdings Limited is an investment holding company principally engaged in the manufacture and trading of radial tire cords, bead wires and other wires. The stock is listed on the Hong Kong Stock Exchange. Price chart formed an 8 month-long H&S top with the horizontal boundary (neckline) standing as support at 3.00 levels. The daily close below 2.90 confirmed the breakdown from the H&S top with a possible price target of 2.25 levels. Xingda International Holdings Limited was featured in the watchlist section of June 3, 2017 report. To learn more about H&S top chart pattern you can check the H&S top educational video.

  

SQUARE ENIX HOLDINGS (9684.T)

SQUARE ENIX HOLDINGS CO., LTD. is a Japan-based company that is mainly engaged in the entertainment industry. The stock is listed on the Japan Stock Exchange. Price chart formed a year-long rectangle with the strong horizontal boundary standing as resistance at 3,580 levels. The horizontal boundary of the rectangle continuation chart pattern was tested several times and it is well-defined. Even though the stock lost some momentum by the end of the week, the daily close above 3,680 levels during the week confirmed the breakout from the year-long rectangle continuation with a possible price target of 4,350 levels. SQUARE ENIX HOLDINGS was featured in the watchlist section of June 3, 2017 report.

 

GLOBAL VECTRA HELICORP LTD. (GLVE.NS)

Global Vectra Helicorp Limited is engaged in offering helicopter charter services for offshore transportation, servicing the oil and gas exploration and production sector. The Company is also engaged in helicopter charter services for onshore transportation. The small-cap company is listed on the National Stock Exchange of India. Price chart formed a 2 year-long H&S continuation chart pattern with the strong horizontal resistance standing at 140 levels. The daily close above 145 levels confirmed the breakout from the multi-year bullish continuation chart pattern with the possible price target of 220 levels. GLOBAL VECTRA HELICORP was featured in the watchlist section of May 27, 2017 report.

 

GLOBAL EQUITY MARKETS - June 3, 2017

LG DISPLAY CO LTD. (LPL)

LG Display Co., Ltd. manufactures thin-film transistor liquid crystal display, organic light emitting diode and other display panel technologies. The Company manufactures display panels in a range of sizes and specifications primarily for use in televisions, notebook computers, desktop monitors, tablet computers and various other applications, including mobile devices. The Company supplies ultra-high definition television panels. The stock is listed on the Korea Stock Exchange but also available through depository receipt on the New York Stock Exchange. The chart below shows the NYSE price. Price chart formed an 8 month-long symmetrical triangle. The daily close above 14.20 levels confirmed the breakout with a possible price target of 17.20 levels. LG DISPLAY was discussed in the May 20, 2017 report under the Tech Charts Watchlist.  A short video tutorial explaining launching patterns.

 

MONDELEZ INTERNATIONAL INC. (MDLZ.O)

Mondelez International, Inc. is a snack company. The Company manufactures and markets snack food and beverage products for consumers. Itsportfolio includes various snack brands, including Nabisco, Oreo, LU and belVita biscuits; Cadbury, Milka, Cadbury Dairy Milk and Toblerone chocolate; Trident gum; Halls candy, and Tang powdered beverages. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 20 month-long symmetrical triangle. The upper boundary of the contracting range stands at 45.90 levels. The daily close above 47 levels confirmed the breakout from the multi-month consolidation with a possible price target of 57 levels. MONDELEZ INTERNATIONAL was discussed in the May 20, 2017 report under the Tech Charts Watchlist.

 

FEDEX CORP (FDX)

FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The Company’s segments include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services. FedEx is listed on the New York Stock Exchange. Following the breakout to all time highs in November 2016, price chart formed a 5 month-long rectangle with the boundaries between 184 and 200. The daily close above 200 levels confirmed the breakout from the 5 month-long rectangle with a possible chart pattern price target of 215. FEDEX was discussed in the May 27, 2017 report under the Tech Charts Watchlist. FEDEX reached its chart pattern price target at 215 levels.

  

INDUSTRIAL AND COMMERCIAL BANK OF CHINA (1398.HK)

ICBC is principally involved in the provision of banking and related financial services. It is listed on the Hong Kong Stock Exchange. Price chart formed a 20 month-long H&S bottom with the strong horizontal resistance standing at 5.15 levels. Last few month’s tight consolidation below the chart pattern boundary was a preparation for this week’s strong breakout. The daily close above 5.30 confirmed the breakout from the 20 month-long H&S bottom with a possible price target of 6.4 levels. ICBC was discussed in the May 27, 2017 report under the Tech Charts Watchlist.

 

CHINA RESOURCES POWER HOLDINGS CO. (0836.HK)

China Resources Power Holdings Company Limited is a Hong Kong-based investment holding company principally engaged in the investment, development and operation of power plants. It is listed on the Hong Kong Stock Exchange. Price chart of China Resources formed a year-long ascending triangle chart pattern with the horizontal boundary standing at 15 levels. After long downtrends ascending triangle can act as a reversal chart pattern. The daily close above 15.50 confirmed the breakout from the year-long base formation with a possible price target of 18.90. CHINA RESOURCES POWER was discussed in the May 27, 2017 report under the Tech Charts Watchlist.

 

SEINO HOLDINGS CO (9076.T)

SEINO HOLDINGS CO., LTD. is a Japan-based company mainly engaged in the logistics business. The stock is listed on the Tokyo Stock Exchange. Price chart formed a 4 month-long rectangle with the horizontal resistance standing at 1,370 levels. The daily close above 1,400 levels confirmed the breakout from the bullish continuation chart pattern with the possible price target of 1,510 levels. Rectangles are usually continuation chart patterns and form as a pause in a steady uptrend. The chart pattern was discussed in the May 13, 2017 report and May 27, 2017 report under the Tech Charts Watchlist. SEINO HOLDING reached its chart pattern price target.

 

AIRPORTS OF THAILAND PCL (AOT.BK)

Airports of Thailand Public Company Limited is a Thailand-based company engaged in airport business and other services related to airport operation. The Company operates two principal business segments, which are airport business and hotel business. The stock is listed on the Stock Exchange of Thailand. Price chart formed a 14 month-long H&S continuation with the strong horizontal boundary standing at 42.30 levels. Over the past year and a half the horizontal resistance was tested for 4 times. The daily close above 43.60 levels confirmed the breakout from the bullish continuation chart pattern. AIRPORTS OF THAILAND recorded new all-time highs. H&S continuation chart pattern price target stands at 49 levels. The chart pattern was discussed in the May 27, 2017 report under the Tech Charts Watchlist. Airports of Thailand Public Company Limited reached its chart pattern price target.

 

GLOBAL EQUITY MARKETS - May 24, 2017

ISHARES MSCI SOUTH KOREA ETF (EWY)

Over the past few weeks Global Equity Markets Report drew attention to the possible long-term breakout on the S.KOREA KOSPI INDEX and looked at ways to get exposure in U.S. listed securities. One of the liquid and widely traded option is through the ISHARES MSCI S.KOREA INDEX ETF (EWY) that is listed on the New York Stock Exchange. The monthly scale chart shows the 9 year-long trendline breaking out with the strong monthly price action. Possible chart pattern price target stands at 88 levels. Arguably, 57 is a pivot point that can be labelled as a level for chart pattern negation.

 

LABELING ON CHARTS FEATURED IN REPORTS

Tech Charts takes into consideration the breakout guideline as stated by Edwards & Magee in their book Technical Analysis of Stock Trends. A daily close by 3% margin above the chart pattern boundary is required for a chart pattern breakout confirmation.

It is important to note that both entry (due to breakout confirmation) and exit (due to chart pattern negation) will depend on the trading tactics each trader and investor implements. Tech Charts does not advice buying or selling securities on specific levels. Levels labeled on the charts are provided for reference only. These levels are the points at which I believe would arguably suggest a change in the technical outlook. Likewise a level for chart pattern negation will be provided for reference only. Traders or investors might decide to use these levels to formulate their own trading tactic.