ENDEAVOUR MINING CORP

Every week Tech Charts Global Equity Markets report features some of the well-defined, mature classical chart patterns under a lengthy watchlist and the chart pattern breakout signals that took place during that week. Global Equity Markets report covers single stocks from developed, emerging and frontier markets, ETF’s and global equity indices. The report starts with a review section that highlights the important chart developments on global equity benchmarks. This blog post features from the watchlist section a flag/rectangle chart pattern that is listed on the Toronto Stock Exchange.

ENDEAVOUR MINING CORP (EDV.TO)

Endeavour Mining Corporation (Endeavour) is an intermediate gold producer. The Company is a gold mining company that operates four mines in Cote d’Ivoire (Agbaou and Ity), Burkina Faso (Karma) and Ghana (Nzema), along with project development and exploration assets. The stock is listed on the Toronto Stock Exchange. I’ve covered Endeavour Mining in the review section of previous reports. The long-term chart completed a multi-year long H&S bottom. The short-term price chart is possibly forming a month-long bullish flag that is acting as a pullback to the previously broken support/resistance. The horizontal boundaries for the bullish flag was tested several times over the course of the chart pattern. Current pullback can offer a new entry for those who missed the May breakout. Given the bullish chart setup on Gold ETF and cash Gold prices, mining companies can benefit from a possible breakout on Gold prices.

 


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RECTANGLE BREAKOUT OPPORTUNITY

Every week Tech Charts Global Equity Markets report features some of the well-defined, mature classical chart patterns under a lengthy watchlist and the chart pattern breakout signals that took place during that week. Global Equity Markets report covers single stocks from developed, emerging and frontier markets, ETF’s and global equity indices. The report starts with a review section that highlights the important chart developments on global equity benchmarks. This blog post features from the watchlist section a rectangle chart pattern that is listed on the Milan Stock Exchange.

MONCLER SPA (MONC.MI)

Moncler SpA is an Italy-based company engaged in fashion industry. The Company designs, produces and distributes clothing and accessories through Moncler brand. The stock is listed on the Milan Stock Exchange. Over the past 3 months the stock formed a short-term consolidation between 30.8 and 35.6 levels. The short-term consolidation can be identified as rectangle. A daily close above 36.6 levels will confirm the breakout with the possible chart pattern price target of 40.6 levels. Breakout from the rectangle can also clear the 200-day average which is acting as resistance at the same level. I’ve adjusted the upper boundary of the rectangle to 35.6 levels to better reflect the boundaries of the consolidation range. (Data as of June 18, 2020 CET 10:30 AM) (Learn more: Video Tutorial)

 


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CUP & HANDLE CONTINUATION

Every week Tech Charts Global Equity Markets report features some of the well-defined, mature classical chart patterns under a lengthy watchlist and the chart pattern breakout signals that took place during that week. Global Equity Markets report covers single stocks from developed, emerging and frontier markets, ETF’s and global equity indices. The report starts with a review section that highlights the important chart developments on global equity benchmarks. This blog post features from the watchlist section a cup & handle continuation chart pattern listed on the Nasdaq Stock Exchange.

Also you will find below a short educational video on how to identify a cup & handle continuation chart pattern, how to measure price objective and what to expect following the breakout.

If you are interested to learn more about classical charting principles and fine points on how to trade those breakout opportunities, our annual special discount is still ongoing and finalizing today (June 10th). You can get access to everything on Tech Charts website for $29 for 3 months (special discounted price is valid for the first 3 months only). More than 35 educational videos, each with 5-10 min of important points to look for on a classical chart pattern.

Here is the link for special 3rd anniversary discount >> GET ACCESS NOW

MOMENTA PHARMACEUTICALS INC (MNTA.OQ)

Momenta Pharmaceuticals, Inc. is a biotechnology company. The Company is focused on developing generic versions of drugs, biosimilars and therapeutics for oncology and autoimmune disease. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 4 month-long cup & handle continuation with the horizontal boundary acting as strong resistance at 34.60 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 35.60 levels will confirm the breakout from the 4 month-long cup & handle continuation with the possible chart pattern price target of 46.60 levels. The handle part of the chart pattern can be identified as a rectangle with the possible chart pattern price target of 40 levels. (Data as of June 9, 2020)

CUP & HANDLE CONTINUATION CHART PATTERN


 


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By becoming a Premium Member, you’ll be able to improve your knowledge of the principles of classical charting.

With this knowledge, you can merge them with your investing system. In fact, some investors use my analyses to modify their existing style to invest more efficiently and successfully.

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You will receive:

  • Global Equities Report. Delivered weekly.
  • Classical charting principles. Learn patterns and setups.
  • Actionable information. Worldwide indices and stocks of interest.
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  • Information on breakout opportunities. Identify the ones you want to take action on.
  • Video tutorials. How patterns form and why they succeed or fail.
  • Watch list alerts. As they become available so you can act quickly.
  • Breakout alerts. Usually once a week.
  • Access to everything (now and as it becomes available)
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A LONG-TERM BREAKOUT OPPORTUNITY

Every week Tech Charts Global Equity Markets report features some of the well-defined, mature classical chart patterns under a lengthy watchlist and the chart pattern breakout signals that took place during that week. Global Equity Markets report covers single stocks from developed, emerging and frontier markets, ETF’s and global equity indices. The report starts with a review section that highlights the important chart developments on global equity benchmarks and miscellaneous charts of interest. This blog post features from the review section a long-term base formation and a breakout opportunity that is listed on Toronto Stock Exchange.

ENDEAVOUR MINING CORP (EDV.TO)

Endeavour Mining Corporation (Endeavour) is an intermediate gold producer. The Company is a gold mining company that operates four mines in Cote d’Ivoire (Agbaou and Ity), Burkina Faso (Karma) and Ghana (Nzema), along with project development and exploration assets. The stock is listed on Toronto Stock Exchange. Price chart formed a multi-year long rectangle as part of a possible decade-long H&S bottom. This is a very long-term chart pattern and should be given enough room with protective stops. I would view it as a long-term breakout opportunity. I added both the linear scale and logarithmic scale price charts (difference between log and linear scale price charts). Rectangle chart pattern has a possible price target of 40 and the price objective for the H&S bottom is at 55 levels.


Tech Charts Membership

By becoming a Premium Member, you’ll be able to improve your knowledge of the principles of classical charting.

With this knowledge, you can merge them with your investing system. In fact, some investors use my analyses to modify their existing style to invest more efficiently and successfully.

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

You will receive:

  • Global Equities Report. Delivered weekly.
  • Classical charting principles. Learn patterns and setups.
  • Actionable information. Worldwide indices and stocks of interest.
  • Risk management advice. The important trading points of each chart.
  • Information on breakout opportunities. Identify the ones you want to take action on.
  • Video tutorials. How patterns form and why they succeed or fail.
  • Watch list alerts. As they become available so you can act quickly.
  • Breakout alerts. Usually once a week.
  • Access to everything (now and as it becomes available)
    o Reports
    o Videos and video series
  • Multi-part webinar course. You learn the 8 most common charting principles.
  • Webinars. Actionable and timely advice on breaking out chart patterns.

For your convenience your membership auto renews each year.

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CUP & HANDLE CONTINUATION

Every week Tech Charts Global Equity Markets report features some of the well-defined, mature classical chart patterns under a lengthy watchlist and the chart pattern breakout signals that took place during that week. Global Equity Markets report covers single stocks from developed, emerging and frontier markets, ETF’s and global equity indices. The report starts with a review section that highlights the important chart developments on global equity benchmarks. This blog post features from the watchlist section a cup & handle continuation chart pattern listed on the Nasdaq Stock Exchange.

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 stock is listed on the Nasdaq Stock Exchange. Price chart formed a 4 month-long cup & handle with the horizontal boundary acting as strong resistance at 58.5 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 60.2 levels will confirm the breakout from the 4 month-long cup & handle with the possible chart pattern price target of 77.6 levels.

 


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By becoming a Premium Member, you’ll be able to improve your knowledge of the principles of classical charting.

With this knowledge, you can merge them with your investing system. In fact, some investors use my analyses to modify their existing style to invest more efficiently and successfully.

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

You will receive:

  • Global Equities Report. Delivered weekly.
  • Classical charting principles. Learn patterns and setups.
  • Actionable information. Worldwide indices and stocks of interest.
  • Risk management advice. The important trading points of each chart.
  • Information on breakout opportunities. Identify the ones you want to take action on.
  • Video tutorials. How patterns form and why they succeed or fail.
  • Watch list alerts. As they become available so you can act quickly.
  • Breakout alerts. Usually once a week.
  • Access to everything (now and as it becomes available)
    o Reports
    o Videos and video series
  • Multi-part webinar course. You learn the 8 most common charting principles.
  • Webinars. Actionable and timely advice on breaking out chart patterns.

For your convenience your membership auto renews each year.

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H&S BOTTOM REVERSAL

Every week Tech Charts Global Equity Markets report features some of the well-defined, mature classical chart patterns under a lengthy watchlist and the chart pattern breakout signals that took place during that week. Global Equity Markets report covers single stocks from developed, emerging and frontier markets, ETF’s and global equity indices. The report starts with a review section that highlights the important chart developments on global equity benchmarks. This blog post features from the watchlist section a head and shoulder bottom reversal chart pattern that is listed on the Paris Stock Exchange.

Over the past 3 years (2017-2020) Tech Charts Global Equity Markets report alerted members on 616 breakouts and breakdowns (long and short opportunities). The compiled statistics on those breakouts are as below. A chart pattern once completed with a confirmed breakout either reaches its chart pattern price target (successful) or it reaches chart pattern negation level (failed). It is interesting to note that H&S bottom reversal has been one of the best performing chart pattern followed by another H&S; the H&S top reversal. More detailed statistics will be shared during our members annual review which should take place by end of May.

REMY COINTREAU SA (RCOP.PA)

Remy Cointreau SA is a France-based company engaged in the production and distribution of wines and spirits. The stock is listed on the Paris Stock Exchange. Price chart formed a 4 month-long head and shoulder bottom with the horizontal boundary acting as strong resistance at 105.0 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 107.0 levels will confirm the breakout from the 4 month-long head and shoulder bottom with the possible chart pattern price target of 126.0 levels. (Data as of May 12, 2020, CET 13:00)

 

 


Tech Charts Membership

By becoming a Premium Member, you’ll be able to improve your knowledge of the principles of classical charting.

With this knowledge, you can merge them with your investing system. In fact, some investors use my analyses to modify their existing style to invest more efficiently and successfully.

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

You will receive:

  • Global Equities Report. Delivered weekly.
  • Classical charting principles. Learn patterns and setups.
  • Actionable information. Worldwide indices and stocks of interest.
  • Risk management advice. The important trading points of each chart.
  • Information on breakout opportunities. Identify the ones you want to take action on.
  • Video tutorials. How patterns form and why they succeed or fail.
  • Watch list alerts. As they become available so you can act quickly.
  • Breakout alerts. Usually once a week.
  • Access to everything (now and as it becomes available)
    o Reports
    o Videos and video series
  • Multi-part webinar course. You learn the 8 most common charting principles.
  • Webinars. Actionable and timely advice on breaking out chart patterns.

For your convenience your membership auto renews each year.

Get Access Now

RECTANGLE BREAKOUT

Every week Tech Charts Global Equity Markets report features some of the well-defined, mature classical chart patterns under a lengthy watchlist and the chart pattern breakout signals that took place during that week. Global Equity Markets report covers single stocks from developed, emerging and frontier markets, ETF’s and global equity indices. The report starts with a review section that highlights the important chart developments on global equity benchmarks. This blog post features from the breakout alerts section a rectangle chart pattern that completed on the Nikkei Stock Exchange.

MONOTARO CO LTD (3064.T)

MonotaRO Co.,Ltd. is a Japan-based company principally engaged in the sale of factory indirect materials. The Company sells factory indirect materials to customers, mainly small and medium-sized manufacturing companies in Japan and overseas, by mail order using e-commerce (distribution based on the Internet). The stock is listed on the Tokyo Stock Exchange. Price chart formed an 18 month-long rectangle with the horizontal boundary acting as strong resistance at 3,335.0 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 3,435.0 levels confirmed the breakout from the 18 month-long rectangle with the possible chart pattern price target of 4,475.0 levels.

Depending on each trader/investor risk profile a stop-loss can be placed below the chart pattern boundary at 3,335 levels. There are different types of breakouts. I discussed 4 types of breakouts in a twitter thread. I also attached it below for your reference.

4 TYPES OF BREAKOUTS

 


Tech Charts Membership

By becoming a Premium Member, you’ll be able to improve your knowledge of the principles of classical charting.

With this knowledge, you can merge them with your investing system. In fact, some investors use my analyses to modify their existing style to invest more efficiently and successfully.

Get Access Now

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

You will receive:

  • Global Equities Report. Delivered weekly.
  • Classical charting principles. Learn patterns and setups.
  • Actionable information. Worldwide indices and stocks of interest.
  • Risk management advice. The important trading points of each chart.
  • Information on breakout opportunities. Identify the ones you want to take action on.
  • Video tutorials. How patterns form and why they succeed or fail.
  • Watch list alerts. As they become available so you can act quickly.
  • Breakout alerts. Usually once a week.
  • Access to everything (now and as it becomes available)
    o Reports
    o Videos and video series
  • Multi-part webinar course. You learn the 8 most common charting principles.
  • Webinars. Actionable and timely advice on breaking out chart patterns.

For your convenience your membership auto renews each year.

Get Access Now

SHORT-TERM TRADING OPPORTUNITIES: FLAG PATTERNS

Every week Tech Charts Global Equity Markets report features some of the well-defined, mature classical chart patterns under a lengthy watchlist and the chart pattern breakout signals that took place during that week. Global Equity Markets report covers single stocks from developed, emerging and frontier markets, ETF’s and global equity indices. The report starts with a review section that highlights the important chart developments on global equity benchmarks. This blog post features from the watchlist section a flag chart pattern on Gubre Fabrikalari that is listed on the Istanbul Stock Exchange.

GUBRE FABRIKALARI TAS (GUBRF.IS)

Gubre Fabrikalari TAS (Gubretas) is a Turkey-based company engaged in the production and marketing of chemical fertilizers, including solid fertilizers, liquid fertilizers, powder-based fertilizers and organic fertilizers. The stock is listed on the Istanbul Stock Exchange. Price chart formed a 1 month-long flag with the horizontal boundary acting as resistance at 15.6 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 16.0 levels will confirm the breakout from the 1 month-long flag with the possible chart pattern price target of 19.0 levels.


Tech Charts Membership

By becoming a Premium Member, you’ll be able to improve your knowledge of the principles of classical charting.

With this knowledge, you can merge them with your investing system. In fact, some investors use my analyses to modify their existing style to invest more efficiently and successfully.

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

You will receive:

  • Global Equities Report. Delivered weekly.
  • Classical charting principles. Learn patterns and setups.
  • Actionable information. Worldwide indices and stocks of interest.
  • Risk management advice. The important trading points of each chart.
  • Information on breakout opportunities. Identify the ones you want to take action on.
  • Video tutorials. How patterns form and why they succeed or fail.
  • Watch list alerts. As they become available so you can act quickly.
  • Breakout alerts. Usually once a week.
  • Access to everything (now and as it becomes available)
    o Reports
    o Videos and video series
  • Multi-part webinar course. You learn the 8 most common charting principles.
  • Webinars. Actionable and timely advice on breaking out chart patterns.

For your convenience your membership auto renews each year.

Get Access Now

RECTANGLE BULLISH CONTINUATION

Every week Tech Charts Global Equity Markets report features some of the well-defined, mature classical chart patterns under a lengthy watchlist and the chart pattern breakout signals that took place during that week. Global Equity Markets report covers single stocks from developed, emerging and frontier markets, ETF’s and global equity indices. The report starts with a review section that highlights the important chart developments on global equity benchmarks. This blog post features from the watchlist section a rectangle chart pattern that is listed on the Hong Kong Stock Exchange.

SINO BIOPHARMACEUTICAL LTD (1177.HK)

Sino Biopharmaceutical Limited is an investment holding company principally engaged in the medicine products business. The stock is listed on the Hong Kong Stock Exchange. Price chart formed a 6 month-long rectangle with the horizontal boundary acting as strong resistance at 12.15 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 12.5 levels will confirm the breakout from the 6 month-long rectangle with the possible chart pattern price target at 14.8 levels. Please note that this is a weekly scale price chart and the last weekly candle includes two days of trading. (Data as of April 21, 2020)

The chart below highlights previous well-defined chart patterns and the breakout signals. It is a good case study to go through what I usually look for on price charts.

  • A bullish chart pattern should complete above the 200-day moving average. Likewise a bearish chart pattern should complete below the 200-day moving average. I use 200-day average as a trend filter.
  • Preferably a well-defined chart pattern should have horizontal boundary and the breakout should take place through the horizontal boundary.
  • Before the breakout takes place, the horizontal boundary should be tested several times. Several tests of chart pattern boundary suggests that the technical level is recognized by market participants.
  • Breakout should be taking place from a low volatility condition. Volatility is cyclical. Low volatility is followed by high volatility and vice versa. A low volatility condition presents itself in one of the well-defined classical chart patterns.

 

 

 

 

 

 


Tech Charts Membership

By becoming a Premium Member, you’ll be able to improve your knowledge of the principles of classical charting.

With this knowledge, you can merge them with your investing system. In fact, some investors use my analyses to modify their existing style to invest more efficiently and successfully.

Get Access Now

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

You will receive:

  • Global Equities Report. Delivered weekly.
  • Classical charting principles. Learn patterns and setups.
  • Actionable information. Worldwide indices and stocks of interest.
  • Risk management advice. The important trading points of each chart.
  • Information on breakout opportunities. Identify the ones you want to take action on.
  • Video tutorials. How patterns form and why they succeed or fail.
  • Watch list alerts. As they become available so you can act quickly.
  • Breakout alerts. Usually once a week.
  • Access to everything (now and as it becomes available)
    o Reports
    o Videos and video series
  • Multi-part webinar course. You learn the 8 most common charting principles.
  • Webinars. Actionable and timely advice on breaking out chart patterns.

For your convenience your membership auto renews each year.

Get Access Now

RECTANGLE BULLISH CONTINUATION

Every week Tech Charts Global Equity Markets report features some of the well-defined, mature classical chart patterns under a lengthy watchlist and the chart pattern breakout signals that took place during that week. Global Equity Markets report covers single stocks from developed, emerging and frontier markets, ETF’s and global equity indices. The report starts with a review section that highlights the important chart developments on global equity benchmarks. This blog post features from the watchlist section a rectangle chart pattern that is listed on U.S. Exchange.

MOLINA HEALTHCARE INC (MOH)

Molina Healthcare, Inc. offers Medicaid-related solutions for low-income families and individuals, and assists government agencies in their administration of the Medicaid program. The stock is listed on the New York Stock Exchange. Price chart formed a 17 month-long rectangle with the horizontal boundary acting as strong resistance at 154.00 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 158.60 levels confirmed the breakout from the 17 month-long rectangle with the possible chart pattern price target of 203.00 levels. Please note that this is a weekly scale price chart and the last weekly candle includes two days of trading. (Data as of Apr 14, 2020)


Tech Charts Membership

By becoming a Premium Member, you’ll be able to improve your knowledge of the principles of classical charting.

With this knowledge, you can merge them with your investing system. In fact, some investors use my analyses to modify their existing style to invest more efficiently and successfully.

Get Access Now

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

You will receive:

  • Global Equities Report. Delivered weekly.
  • Classical charting principles. Learn patterns and setups.
  • Actionable information. Worldwide indices and stocks of interest.
  • Risk management advice. The important trading points of each chart.
  • Information on breakout opportunities. Identify the ones you want to take action on.
  • Video tutorials. How patterns form and why they succeed or fail.
  • Watch list alerts. As they become available so you can act quickly.
  • Breakout alerts. Usually once a week.
  • Access to everything (now and as it becomes available)
    o Reports
    o Videos and video series
  • Multi-part webinar course. You learn the 8 most common charting principles.
  • Webinars. Actionable and timely advice on breaking out chart patterns.

For your convenience your membership auto renews each year.

Get Access Now