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 H&S bottom reversal chart pattern on Aon PLC listed on the New York Stock Exchange.

AON PLC (AON) – new addition to watchlist

Aon PLC is a global professional services company. The Company provides advice and solutions to clients focused on risk, retirement and health, delivering distinctive client value via risk management and workforce productivity solutions. The stock is listed on the New York Stock Exchange. Price chart formed a 3 month-long head and shoulder bottom with the horizontal boundary acting as strong resistance at 281.00 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 286.60 levels will confirm the breakout from the 3 month-long head and shoulder bottom with the possible chart pattern price target of 313.00 levels.

H&S top and bottom reversals have been reliable chart patterns over the past 5 years. While there hasn’t been many H&S reversals (as they only form at market turning points) those that have completed had good success rates. I’m monitoring the H&S bottom reversal on AON PLC closely as breakout can also clear the 200-day average at the same time as the neckline. Those are usually high conviction setups as they signal not only a reversal but a change in trend.

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You will receive:

• Global Equities Report. Delivered weekly.
• Classical charting principles. Learn patterns and setups.
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• Information on breakout opportunities. Identify the ones you want to take action on.
• Video tutorials. How patterns form and why they succeed or fail.
• Watch list alerts. As they become available so you can act quickly.
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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 rectangle chart pattern on Humana Inc. listed on the New York Stock Exchange.

HUMANA INC (HUM)

Humana Inc. is a health and well-being company. The Company operates through three reportable segments: Retail, Group and Specialty, and Healthcare Services. The stock is listed on the New York Stock Exchange. Price chart formed a 19 month-long rectangle with the horizontal boundary acting as strong resistance at 475.00 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 489.00 levels will confirm the breakout from the 19 month-long rectangle with the possible chart pattern price target of 575.00 levels.

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Tech Charts Membership

By becoming a Premium Member, you’ll be able to improve your knowledge of the principles of classical charting.

With this knowledge, you can merge them with your investing system. In fact, some investors use my analyses to modify their existing style to invest more efficiently and successfully.

Get Access Now

As a Premium Member of Aksel Kibar’s Tech Charts,

You will receive:

• Global Equities Report. Delivered weekly.
• Classical charting principles. Learn patterns and setups.
• Actionable information. Worldwide indices and stocks of interest.
• Risk management advice. The important trading points of each chart.
• Information on breakout opportunities. Identify the ones you want to take action on.
• Video tutorials. How patterns form and why they succeed or fail.
• Watch list alerts. As they become available so you can act quickly.
• Breakout alerts. Usually once a week.
• Access to everything (now and as it becomes available)
  o Reports
  o Videos and video series
• Multi-part webinar course. You learn the 8 most common charting principles.
• Webinars. Actionable and timely advice on breaking out chart patterns.

For your convenience your membership auto renews each year.

Get Access Now