The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is resuming its uptrend after completing the sideways consolidation, a symmetrical triangle. The upper boundary of a possible symmetrical triangle was breached at 95.9 levels. We can conclude that the uptrend is intact. Price objective stands at 102.7 levels. During any pullback 95.9 will act as support.
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 & EUROPE equities. These charts will also be included in the weekly update.
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is resuming its uptrend after completing the sideways consolidation, a symmetrical triangle. The upper boundary of a possible symmetrical triangle was breached at 95.9 levels. We can conclude that the uptrend is intact. Price objective stands at 102.7 levels. During any pullback 95.9 will act as support.
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is resuming its uptrend after completing the sideways consolidation, a symmetrical triangle. The upper boundary of a possible symmetrical triangle was breached at 95.9 levels. We can conclude that the uptrend is intact. Price objective stands at 102.7 levels. During any pullback 95.9 will act as support.
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 & EUROPE equities. These charts will also be included in the weekly update.
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is resuming its uptrend after completing the sideways consolidation, a symmetrical triangle. The upper boundary of a possible symmetrical triangle was breached at 95.9 levels. We can conclude that the uptrend is intact. Price objective stands at 102.7 levels. During any pullback 95.9 will act as support.
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 IShares MSCI Emerging Markets ETF (EEM) listed on the New York Stock Exchange.
The benchmark for the Emerging Markets performance, the iShares MSCI Emerging Markets Index ETF (EEM) rebounded strongly from support at 51.7. The uptrend is intact with the ETF trading above its 200-day average. Support at 51.7 held and EEM might be forming a medium-term low. I’m monitoring the possibility of a minor H&S bottom reversal with the neckline standing at 54.7 levels. Breakout above 54.7 levels can target 57.7.
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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is resuming its uptrend after completing the sideways consolidation, a symmetrical triangle. The upper boundary of a possible symmetrical triangle was breached at 95.9 levels. We can conclude that the uptrend is intact. Price objective stands at 102.7 levels.
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.
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) possibly completed the sideways consolidation. The upper boundary of a possible symmetrical triangle was breached at 95.9 levels. We can conclude that the uptrend is intact. Breakout from the symmetrical triangle pushed the ETF towards the possible price objective at 102.7 levels.
