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GLOBAL EQUITY MARKETS – July 22, 2023

July 22, 2023/2 Comments/in Premium/by Aksel Kibar

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) broke out of its multi-month long consolidation. Breakout above 93.3 levels is very positive for Global equities. The ETF is possibly completing two chart patterns at the same time, increasing conviction in the recent breakout. The ETF formed a month-long bullish pennant and with last week's strong move completed the bullish continuation chart pattern, targeting 101 levels possibly as the first objective. During any pullback strong support area remains between 93.3 and 96 levels.

INTERIM UPDATE – July 21, 2023

July 21, 2023/2 Comments/in Premium/by Aksel Kibar

I start my research on Mondays and finalize by end of day Thursday. Friday is dedicated to putting all ideas to the report format. During the week I come across good setups and those are featured in the weekly report. However, there are those that pop during the week and is worth bringing to your attention before the week finalizes. Below are the latest additions to Tech Charts watchlist. These charts will also be included in the weekly update.

GLOBAL EQUITY MARKETS – July 15, 2023

July 15, 2023/4 Comments/in Premium/by Aksel Kibar

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) broke out of its multi-month long consolidation. Breakout above 93.3 levels is very positive for Global equities. The ETF is possibly completing two chart patterns at the same time, increasing conviction in the recent breakout. The ETF formed a month-long bullish pennant and with this week's strong move completed the bullish continuation chart pattern, targeting 101 levels possibly as the first objective. During any pullback strong support area remains between 93.3 and 96 levels.

CRYPTOCURRENCIES – July 9, 2023

July 9, 2023/4 Comments/in Premium/by Aksel Kibar

BTC and ETH are holding to their earlier gains. Possible bull flag on BTCUSD can resume existing uptrend.

GLOBAL EQUITY MARKETS – July 8, 2023

July 8, 2023/4 Comments/in Premium/by Aksel Kibar

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) broke out of its multi-month long consolidation. Breakout above 93.3 levels is very positive for Global equities. The ETF is possibly completing two chart patterns at the same time, increasing conviction in the recent breakout. Previous resistance at 93.3 levels becomes the new support. So far price action from October lows can be identified as an uptrend with higher lows. Last one month's sideways consolidation can become part of a pullback towards the broken resistance levels.

GLOBAL EQUITY MARKETS – July 1, 2023

July 1, 2023/2 Comments/in Premium/by Aksel Kibar

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) broke out of its multi-month long consolidation. Breakout above 93.3 levels is very positive for Global equities. The ETF is possibly completing two chart patterns at the same time, increasing conviction in the recent breakout. This week's price action was a rebound after the ETF pullback to the broken resistance/support at 93.3 levels. Previous resistance at 93.3 levels becomes the new support. So far price action from October lows can be identified as an uptrend with higher lows.

CRYPTOCURRENCIES – June 25, 2023

June 25, 2023/0 Comments/in Premium/by Aksel Kibar

BTC and ETH rebound sharply from strong support levels. Altcoins are still weak though many pairs remained range-bound.

GLOBAL EQUITY MARKETS – June 24, 2023

June 24, 2023/0 Comments/in Premium/by Aksel Kibar

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) broke out of its multi-month long consolidation. Breakout above 93.3 levels is very positive for Global equities. The ETF is possibly completing two chart patterns at the same time, increasing conviction in the recent breakout. This week's price action was a pullback to the broken resistance at 93.3 levels. Previous resistance at 93.3 levels becomes the new support. It will be important for the ETF to stabilize above the support area to resume its uptrend. So far price action from October lows can be identified as an uptrend with higher lows.

GLOBAL EQUITY MARKETS – June 17, 2023

June 17, 2023/0 Comments/in Premium/by Aksel Kibar

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) broke out of its multi-month long consolidation. Breakout above 93.3 levels is very positive for Global equities. The ETF is possibly completing two chart patterns at the same time, increasing conviction in the recent breakout. The gap was filled during the recent pullback. The ETF started trending higher and quickly moving away from the support area. Cup with handle price target stands at 101 and the larger scale H&S bottom reversal price target is at 109 levels. Previous resistance at 93.3 levels becomes the new support.