FORTIVE CORP (FTV.N)

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, select commodities, cryptocurrencies and global equity indices. Below chart is from the watchlist section of the weekly report. It is featuring a cup & handle continuation chart pattern on Fortive Corporation.

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GLOBAL EQUITY MARKETS – February 4, 2023

REVIEW


The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) cleared its short-term horizontal resistance (90.1) after holding above the 200-day average. 90.1 acted as the possible neckline of a H&S continuation. Breakout above the horizontal resistance can resume the uptrend above the long-term average. It is important for the equity benchmark to hold above its 200-day average and the neckline between 88.35 and 90.1 levels. H&S continuation price target stands at 96 levels.

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INTERIM UPDATE – February 1, 2023

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.

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GLOBAL EQUITY MARKETS – January 28, 2023

REVIEW


The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) cleared its short-term horizontal resistance (90.1) after holding above the 200-day average. 90.1 acted as the possible neckline of a H&S continuation. Breakout above the horizontal resistance can resume the uptrend above the long-term average. It is important for the equity benchmark to hold above its 200-day average at 88.2 levels. H&S continuation price target stands at 96 levels.

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CRYPTOCURRENCIES – January 22, 2023

Rectangles are acting as bottom reversals and helping many crypto pairs to rebound from oversold levels. There are more setups and developing chart patterns. I discuss those in this week’s special cryptocurrency report.

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GLOBAL EQUITY MARKETS – January 21, 2023

REVIEW


The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is trying to hold above its long-term 200-day average. 90.1 acted as short-term resistance. Breakout above the horizontal resistance can resume the uptrend above the long-term average. It is important for the equity benchmark to hold above its 200-day average at 88 levels.

 

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GLOBAL EQUITY MARKETS – January 14, 2023

REVIEW


The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is trying to reverse above its long-term 200-day average. 88-90.1 area will act as short-term resistance. Breakout above this area will possibly reverse the existing downtrend. Recovery above the long-term average will signal a new uptrend for Global Equities. I still want to see few more daily closes above the 200-day and a stability above the average.

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CRYPTOCURRENCIES – January 8, 2023

Several pairs resumed their downtrends in 2022. Steady downtrends came to a pause over the past 2 months. Question is: would these few months of sideways consolidations act as a bottom reversal or continuation of the existing downtrends? Below are some new chart pattern setups with their important technical levels.

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EUROPE INDICES

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, select commodities, cryptocurrencies and global equity indices. Below charts are from the review section of the weekly report. It is featuring two major bottom reversal chart patterns on European equity benchmarks. I’m seeing similar setups on several single equities as well.

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GLOBAL EQUITY MARKETS – January 7, 2023

REVIEW


The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) made an other attempt to challenge the long-term 200-day average. 87.97-90 area will act as strong resistance. Breakout above this area will possibly reverse the existing downtrend. Recovery above the long-term average will signal a new uptrend for Global Equities.

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