TATA MOTORS LTD.

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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, select commodities, cryptocurrencies and global equity indices. Below chart is from the watchlist section of the weekly report. It is featuring the text-book H&S continuation on Tata Motors listed on National Stock Exchange of India as well as the ADR that is listed on NYSE. Both charts have similar setups.

TATA MOTORS LTD (TAMO.NS)

Tata Motors Limited is an automobile company. The Company is engaged in manufacture of motor vehicles. The Company’s segments include automotive operations and all other operations. The stock is listed on the National Stock Exchange. Price chart formed a 3 month-long head and shoulder continuation with the horizontal boundary acting as strong resistance at 531.00 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 547.00 levels will confirm the breakout from the 3 month-long consolidation with the possible chart pattern price target of 621.00 levels. Below I added the ADR price chart that is listed on the NYSE.

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NETHERLANDS AEX INDEX

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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, select commodities, cryptocurrencies and global equity indices. Below chart is from the review section of the weekly report. It is featuring the text-book H&S top reversal on Netherlands AEX Index.

NETHERLANDS AEX INDEX

As Global equities came under pressure a text-book H&S top reversal can be identified on Netherlands AEX Index. 5 month-long H&S top has a neckline at 754 levels. The neckline is also overlapping with the 200-day average. I call these inflection points where a chart pattern boundary overlaps with a long-term average (200-day). They are high conviction setups for me. A breakdown of the chart pattern horizontal boundary will also push the price below the long-term average, confirming the downtrend. H&S top has a price target of 694 levels. It is important to note that there has been several cases where H&S top reversals failed. Those failures can offer tradable long opportunities. Below video explains how to take advantage of a H&S top failure.

H&S top failure and how to trade it from the long side

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THETAUSD

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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, select commodities, cryptocurrencies and global equity indices.

Tech Charts membership started including a new addition to our research offering, the special cryptocurrency report where I continue to find classical chart pattern opportunities on different cryptocurrency pairs. Below is a chart on THETAUSD from the latest special cryptocurrency report.

THETAUSD

Descending triangle is a bearish chart pattern. Its downward sloping upper boundary gives the pattern the bearish bias. It shows sellers impatience to sell at lower levels every time price rebounds from the horizontal support. Breakdown below the horizontal support after several tests can complete the chart pattern.

THETAUSD is another pair that has possibly formed a descending triangle chart pattern. The lower boundary is well defined with several tests. The upper boundary is clearly downward sloping showing lower highs. Breakdown below 3.61 levels can target 0.92 levels. This is another pair I will play the short side if cryptocurrencies in general come under selling pressure.

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  • Video tutorials. How patterns form and why they succeed or fail.
  • Watch list alerts. As they become available so you can act quickly.
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DOMINO’S PIZZA INC (DPZ)

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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, select commodities, cryptocurrencies and global equity indices. Below chart is from the watchlist section of the weekly report. It is featuring Domino’s Pizza, Inc. listed on the New York Stock Exchange.

DOMINO’S PIZZA INC (DPZ)

Domino’s Pizza, Inc. is a pizza restaurant chain company. As of January 1, 2017, the Company operated in over 13,800 locations in over 85 markets around the world. The stock is listed on the New York Stock Exchange. Price chart formed a 5 month-long cup & handle continuation with the horizontal boundary acting as strong resistance at 548.00 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 564.00 levels will confirm the breakout from the 5 month-long cup & handle continuation with the possible chart pattern price target of 633.00 levels. The handle can be identified as a rectangle.

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  • 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.
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BERKSHIRE HATHAWAY INC (BRKb)

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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, select commodities, cryptocurrencies and global equity indices. Below chart is from the watchlist section of the weekly report. It is featuring Berkshire Hathaway Inc. listed on the New York Stock Exchange.

BERKSHIRE HATHAWAY INC (BRKb)

Berkshire Hathaway Inc. is a holding company owning subsidiaries engaged in various business activities, including insurance and reinsurance, utilities and energy, freight rail transportation, manufacturing and retailing. 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 293.00 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 296.00 levels will confirm the breakout from the 5 month-long rectangle with the possible chart pattern price target of 314.00 levels. Until there is a breakout or a breakdown from the lengthy sideways consolidation, the stock offers trading opportunity between boundaries.

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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.
  • 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.
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EUROPE ETFs

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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, select commodities, cryptocurrencies and global equity indices. Below charts are from the review section of the weekly report. It is featuring IEV and EFA ETFs listed on the New York Stock Exchange. If you are trading range bound price action between well-defined boundaries, these opportunities might be valuable. I see both charts at inflection points. A rebound from the lower boundaries can put these ETFs back into positive territory. A breakdown will act as bearish reversal.

EUROPEAN EQUITY BENCHMARKS

ISHARE EUROPE ETF (IEV) formed 6 month-long rectangle with the lower boundary acting as support at 51.5 and the upper boundary as resistance at 55.7 levels. Breakdown below the lower boundary can confirm the rectangle as a top reversal with the possible price target of 48 levels.

ISHARE MSCI EAFE ETF (EFA) formed a 6 month-long rectangle with the upper boundary acting as resistance at 82 and the lower boundary as support at 76.4 levels. Price is consolidating right below the 200-day average. Breakdown below the horizontal support can result in a top reversal with the price target at 71 levels.

Here is a breakdown of the ISHARES MSCI EAFE ETF for those of you who are not familiar with MSCI benchmarked funds.

Data as of Oct 29, 2021. Source: msci.com

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  • Global Equities Report. Delivered weekly.
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  • Video tutorials. How patterns form and why they succeed or fail.
  • Watch list alerts. As they become available so you can act quickly.
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SILVER

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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, select commodities, cryptocurrencies and global equity indices. Below chart is from the review section of the weekly report. It is featuring SILVER prices on different time frames.

SILVER (CASH PRICE)

Silver remains range bound between 21.8 and 30 levels. A great text-book opportunity might be developing as price pulled back for couple of weeks to form the right shoulder of a possible H&S bottom. Breakout above the 200-day average changed the outlook to positive. A possible H&S bottom reversal might be completing (as can be seen on daily scale) with the neckline at 24.7 levels. Price target for the H&S bottom reversal stands at 27.7 levels.

The daily scale price chart of Silver shows much better the developing possible H&S bottom with the neckline that was acting as resistance at 24.7 levels. This was also the 200-day average. Breakout cleared both technical hurdles and now suggests higher prices. Price objective for the H&S bottom stands at 27.7 levels. The low of the right shoulder at 23 levels will act as the chart pattern negation level for the H&S bottom reversal.

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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.
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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.
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INDUSTRIA DE DISENO TEXTIL SA (ITX.MC) 

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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, select commodities, cryptocurrencies and global equity indices. Below chart is from the watchlist section of the weekly report. It is featuring INDUSTRIA DE DISENO TEXTIL SA (ITX.MC) listed on the Spanish Stock Exchange.

INDUSTRIA DE DISENO TEXTIL SA (ITX.MC)

Industria de Diseno Textil SA, known as Inditex SA, is a Spain-based company primarily engaged in the textile industry. The Company’s activities include the design, confection, manufacturing, distribution and retail of men, women and children apparel, footwear and fashion accessories, as well as home furnishings and household textile products. The stock is listed on the Spain Stock Exchange. Price chart formed a 6 month-long cup & handle continuation with the horizontal boundary acting as strong resistance at 32.60 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 33.10 levels will confirm the breakout from the 6 month-long cup & handle continuation with the possible chart pattern price target of 37.00 levels.

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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)
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TRAVELERS COMPANIES INC (TRV)

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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, select commodities, cryptocurrencies and global equity indices. Below chart is from the watchlist section of the weekly report. It is featuring TRAVELERS COMPANIES INC (TRV) listed on the New York Stock Exchange.

TRAVELERS COMPANIES INC (TRV)

The Travelers Companies, Inc. is a holding company principally engaged, through its subsidiaries, in providing a range of commercial and personal property and casualty insurance products and services to businesses, government units, associations and individuals. 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 162.00 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 164.40 levels will confirm the breakout from the 5 month-long rectangle with the possible chart pattern price target of 177.60 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)
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H&S CONTINUATION

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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, select commodities, cryptocurrencies and global equity indices. Below chart is from the watchlist section of the weekly report. It is featuring Darling Ingredients Inc. listed on the New York Stock Exchange.

DARLING INGREDIENTS INC (DAR) – new addition to watchlist

Darling Ingredients Inc. is a developer & producer of sustainable natural ingredients from edible and inedible bio-nutrients, creating ingredients and customized specialty solutions for customers in the food, pet food, feed, fuel, bioenergy, and fertilizer industries. The stock is listed on the New York Stock Exchange. Price chart formed a 7 month-long head and shoulder continuation with the horizontal boundary acting as strong resistance at 79.50 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 81.80 levels will confirm the breakout from the 7 month-long head and shoulder continuation with the possible chart pattern price target of 95.00 levels.

A common discussion is on the validity of H&S acting as a continuation chart pattern. It is widely believed that H&S can only form as a reversal chart pattern. Edwards & Magee in their book Technical Analysis of Stock Trends, discussed the continuation type with the below chart example from 1930s. I’ve come across and featured several examples of H&S continuation in the past reports. In fact the statistics on H&S continuation is solid.

Below is the table showing chart pattern statistics for H&S continuation. These numbers cover the period of May 2017 till July 2021. H&S types with my favorite chart pattern rectangle are in the top 4 reliable 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.

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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