Archive for category: Premium

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) rebounded from strong support area formed by the minor low and the 200-day average. The ETF is now testing previous highs at 84.15 levels that is acting as resistance. I'm weighing the possibility of the last 2 month's consolidation acting as  a bullish continuation chart pattern. While a breakout might not take place immediately, a breach and a daily close above 84.15 will suggest higher levels, possibly a chart pattern price objective at 91 levels. Until a breakout takes place, the ETF can remain range-bound between 77 and 84.15 levels.

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) resumed its correction after finding resistance at 84.15 levels, the minor high. The uptrend on Global equities is intact and ACWI ETF continues to trend higher above its 200-day average which is acting as support at 76.7 levels. Global equities are searching for direction in the short-term. Price is at an important inflection point. Last 2 month's consolidation between 84.15 and 76.7 levels can act as Read More

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 latest additions to Tech Charts watchlist in case they experience breakouts in the last day of the week. 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) broke out f a consolidation that could possibly be a bullish flag. The ETF closed the week above 82 levels and slightly below the all-time high at 84 levels. The uptrend on Global equities is intact and ACWI ETF continues to trend higher above its 200-day average which is acting as support at 76 levels.