Archive for category: Premium

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. This charts will also be included in the weekly update.

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is looking for direction around the 200-day average. The ETF recovered above 99 levels but still hasn't settled above the 200-day average. Latest price action changed my positive view on this ETF. 99-101.2 is the new resistance. Unless we see a quick recovery above this resistance area, I will expect lower prices in the coming weeks.

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is in an uptrend. The ETF found resistance at the minor high at 107.5. Friday's price action breached the 200-day average but still remains above the horizontal support at 99 levels. Breakdown below 99 will change my positive view on this ETF. I will monitor ACWI ETF in the following week to see if price will quickly recover above the 200-day average and remain in trading range between 99 and 107.5. Note; price is resting above the upper boundary of the trend channel on weekly scale price chart. Breakdown can result in a lager scale correction.

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is in an uptrend. The ETF found resistance at the minor high at 107.5. Price is consolidating between the 200-day average at 101.2 and the resistance at 107.5 levels. There is no top reversal chart pattern on both daily and weekly scale price charts.