Archive for category: Premium

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) reached its price target measured by the symmetrical triangle. Last 3 month's price action was a choppy uptrend. The ETF is in an upward sloping channel. The lower boundary of the channel is forming support at 99.5 levels. Support area remains between 95 and 99.5 levels. There is no clear top reversal chart pattern on daily and weekly scale price charts. The ETF is close to the upper boundary of the trend channel on daily scale price chart.

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 is the latest addition to Tech Charts watchlist from AMERICAS equities. These 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) reached its price target measured by the symmetrical triangle. Last 3 month's price action was a choppy uptrend. A pullback towards the long-term average will still not challenge the uptrend and positive outlook. Support area remains between 94.1 and 96 levels. There is no clear top reversal chart pattern on daily and weekly scale price charts.

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) reached its price target measured by the symmetrical triangle. Last 3 month's price action was a choppy uptrend that possibly formed a rising wedge. It is one the least reliable chart pattern for me. Though the appearance of the rising wedge could be signaling weakness and loss of upward momentum and can result in a correction towards the 200-day average. A pullback towards the long-term average will still not challenge the uptrend and positive outlook. Support area remains between 93.7 and 96 levels.

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) resumed its uptrend with higher highs and higher lows and this can be seen in steady uptrends. Symmetrical triangle price target stands at 102.7 levels. Price remains above the long-term average, confirming the uptrend. During any sharp pullback, the 200-day average at 92.6 and the previous minor low at 96.5 can form an area of support. Price is now very close to the symmetrical triangle chart pattern price target.