Archive for category: Blog Post

APPLIED MATERIALS INC (AMAT.O)

September 26, 2021/0 Comments/in Blog Post/by Aksel Kibar

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 Applied Materials Inc. listed on the Nasdaq Stock Exchange.

APPLIED MATERIALS INC (AMAT.O)

Applied Materials, Inc. provides manufacturing equipment, services and software to the global semiconductor, display and related industries. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 6 month-long ascending triangle with the horizontal boundary acting as strong resistance at 145.40 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 149.50 levels will confirm the breakout from the 6 month-long ascending triangle with the possible chart pattern price target of 175.00 levels. Breakout can push the stock to all-time highs.

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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.

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

You will receive:

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.
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.

U.S. 10 YR YIELDS & BONDS

September 19, 2021/0 Comments/in Blog Post/by Aksel Kibar

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 discuss U.S. 10 Year Treasury Yields and Bonds from the review section of the weekly report.

The chart below is the 10 Year U.S. Treasury Yield Index. The index is looking for a direction after a strong run. Price pulled back to the 200-day average. A recovery above 13.2-13.6 area can put the yields back in an uptrend. Failure to recover above 13.2-13.6 area can result in a correction towards 10 levels. Volatility is at an extreme low and this suggests a trend period soon.

The U.S. 10 Year T-Note is trading around its 200-day average. Latest consolidation below the 200-day average at 134.4 levels and the minor high at 134 levels will be important levels to monitor for trend change. I will monitor this chart for stability above the 200-day average to conclude for a trend change. Failure to recover above the 200-day average can result in a re-test of the lows around 130.7 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.

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.

BULLISH CONTINUATIONS ON CRYPTOCURRENCIES

September 3, 2021/0 Comments/in Blog Post/by Aksel Kibar

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.

We have now added special cryptocurrency reports to our coverage as part of the premium membership. The below analysis is part of the special cryptocurrency updates.

As on many other crypto pairs a bullish flag can be identified on LTCUSD as well. Earlier the price chart completed a rectangle bottom reversal with a breakout above 150 levels where price breached the long-term (365 day EMA) as well. The trend change has taken place. Following the change in trend we are now seeing a possible bullish continuation chart pattern with the resistance at 190 and support at 160 levels. From a larger scale perspective a multi-month long H&S bottom can be in progress as well. For now I want to focus on the latest bullish flag development. A breakout above 190 levels can target 220 levels in a short period of time and confirm the existing uptrend.

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.

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.

RUSSELL 2000 INDEX

August 20, 2021/0 Comments/in Blog Post/by Aksel Kibar

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. The report starts with a review section that highlights the important chart developments on global equity benchmarks. This blog post features from the review section Russell 2000 Index.

If you have been struggling with stocks being choppy with frequent false breakouts, the chart below might explain the last several months lackluster performance. Russell 2000 Index has been range bound since February 2021. The index formed a well-defined consolidation range that can act as a bullish continuation as well as a top reversal. Rectangle chart pattern can act as a top reversal. The lower boundary of the well-defined consolidation is forming support at 2,100 levels with the 200-day moving average acting as another layer of support at 2,110 levels. When a well-defined, several times tested horizontal boundary overlaps with a long-term average (my preference is the 200-day EMA), I call these inflection points. Inflection points are important technical areas where we can expect a rebound or a breakdown that can result in a strong directional move. In other words those areas of “change”.

Russell 2000 Index is now very close to the lower boundary of its multi-month long consolidation. Breakdown can target 1,870 levels. A rebound from the strong support area can result in a re-test of the upper boundary at 2,360 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.

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.

ASCENDING TRIANGLE SETUP

July 27, 2021/0 Comments/in Blog Post/by Aksel Kibar

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. 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 COMCAST CORP (CMCSA.O) listed on the Nasdaq Stock Exchange.

COMCAST CORP (CMCSA.O)

Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 4 month-long ascending triangle with the horizontal boundary acting as strong resistance at 58.50 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 59.40 levels will confirm the breakout from the 4 month-long ascending triangle with the possible chart pattern price target of 64.00 levels. Breakout can push the stock to all-time highs. As is the case for several stocks, the stock is very close to an earning announcement on Jul 29th. It is important to factor possible volatility around that date to your decision making.

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.

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.

RECTANGLE SETUP

July 22, 2021/0 Comments/in Blog Post/by Aksel Kibar

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. 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 RBC BEARINGS INC (ROLL.O) listed on the Nasdaq Stock Exchange.

RBC BEARINGS INC (ROLL.O)

RBC Bearings Incorporated is an international manufacturer and marketer of engineered precision bearings and products, which are integral to the manufacture and operation of machines, aircraft and mechanical systems. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 4 month-long rectangle with the horizontal boundary acting as strong resistance at 207.00 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 213.00 levels will confirm the breakout from the 4 month-long rectangle with the possible chart pattern price target of 230.00 levels. Breakout can push the stock to all-time highs.

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.

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.

SPDR DJ WILSHIRE SMALL CAP GROWTH ETF (SLYG.K)

July 11, 2021/0 Comments/in Blog Post/by Aksel Kibar

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. 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 SPDR DJ WILSHIRE SMALL CAP GROWTH ETF (SLYG.K) listed on the New York Stock Exchange. If you think this ETF has low liquidity, the same outlook applies in general to small cap etfs.

SPDR DJ WILSHIRE SMALL CAP GROWTH ETF (SLYG.K)

The Fund seeks to approximate, before expenses, the investment results of the Dow Jones Small Cap Growth Index. The ETF is listed on the New York Stock Exchange. Price chart formed a 5 month-long symmetrical triangle with the upper boundary acting as strong resistance at 89.60 levels. The upper boundary was tested several times over the course of the chart pattern. A daily close above 91.00 levels will confirm the breakout from the 5 month-long symmetrical triangle with the possible chart pattern price target of 99.50 levels. Breakout can push the ETF to all-time highs.

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.

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.

HIGH CONVICTION SETUPS

June 28, 2021/0 Comments/in Blog Post/by Aksel Kibar

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. 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 Country Garden Services Holdings Company Limited listed on the Hong Kong Stock Exchange.

A high conviction setup for me needs to tick the boxes below. I look for few qualities with the perfect setups. These are:

A well defined chart pattern with horizontal boundaries

Preferably a rectangle chart pattern in duration 2 months – 24 months

A bullish setup (or breakout) taking place above the long-term (200 day) average

Preferably a breakout to all-time highs (path of least resistance)

The chart below is a candidate for a high conviction setup.

COUNTRY GARDEN SERVICES HOLDINGS CO LTD (6098.HK)

Country Garden Services Holdings Company Limited is a China-based provider of residential property management services. The Company mainly provides property management services, community value-added services and non-owner value-added services. The stock is listed on the Hong Kong Stock Exchange. Price chart formed a 3 month-long rectangle with the horizontal boundary acting as strong resistance at 83.00 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 85.50 levels will confirm the breakout from the 3 month-long rectangle with the possible chart pattern price target of 93.80 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.

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.

SILVER – RECTANGLE SETUP

May 30, 2021/0 Comments/in Blog Post/by Aksel Kibar

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

SILVER (XAG)

After breaking above 19 levels in July 2020, Silver is consolidating and reverting back to its 200-day average. A strong support area can be identified between 21.8 and 25. The boundaries of the consolidation are 21.8 and 29.3. Price remains above the 200-day average and the trend is up. Breakout above the upper boundary at 29.3 can add momentum to the uptrend. If the consolidation completes on the upside, possible price target will be 37 levels. Failure to hold above the 200-day average can result in a re-test of the lower boundary at 21.8 levels. A possible short-term H&S bottom reversal completed above the 200-day average.

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.

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.

BEST BUY CO INC (BBY)

May 12, 2021/1 Comment/in Blog Post/by Aksel Kibar

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 BEST BUY CO INC listed on the New York Stock Exchange.

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. It has operations in the United States, Canada and Mexico. The stock is listed on the New York Stock Exchange. Price chart formed a 8 month-long rectangle with the horizontal boundary acting as strong resistance at 124.00 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 127.70 levels will confirm the breakout from the 8 month-long rectangle with the possible chart pattern price target of 150.00 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.

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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