Chart Pattern Reliability & Review of Current Market Opportunities – March 2022 Tech Charts Webinar

/0 Comments/in , /by

Chart Pattern Reliability & Review of Current Market Opportunities – March 2022 Tech Charts Webinar

We are continuing our Member webinar series with chart pattern reliability and how the latest market conditions have impacted success rates on different chart patterns.

Webinar Outline

  • Review of chart pattern statistics and discussion on chart pattern reliability covering the first quarter of 2022
  • Review of markets and latest opportunities
  • Open discussion on answering members’ questions on different markets and specific charts they want to discuss
  • Education/analysis of fine points on classical charting as we go through different charts/questions

Live questions from Members

  1. SLIDE 3 – Is it possible to publish this data only for the US market? 01:07:37
  2. SLIDE 14 – When drawing the channel’s lower boundary, I would have used the lows in 2014 and 2018 to connect the trendline. What made you confident ignoring those lows? 01:08:38
  3. Can you look at praj.ns. listed on the NSE in India? A rectangle with a premature breakout and now trying again? 01:10:46
  4. Do you use a minimum volume threshold to determine which ETFs make it into your asset universe? 01:12:17
  5. Do you believe AKAM is a valid rectangle? 01:13:21
  6. Do you have plans to add commodities to your reports? 01:14:35
  7. ARES chart, please. 01:14:54
  8. Do you adjust stock data for dividends? 01:16:12
  9. Is there technically a proper H&S top on ADBE? 01:17:42
  10. Another stock you’ve covered in the past is Indian hotel listed on NSE…another breakout rectangle breaking? 01:18:57
  11. When you wait for the 3% breakout threshold, do you only buy on the next day or at the close? 01:20:19

Educational Videos mentioned in this webinar 

Recorded live 03.31.2022 

Read more

JB HI-FI LTD (JBH.AX)

/0 Comments/in /by

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 the text-book rectangle on JB Hi-Fi Ltd listed on Australia Stock Exchange.

JB HI-FI LTD (JBH.AX)

JB Hi-Fi Ltd is an Australia-based company engaged in the retailing of home consumer products. The stock is listed on the Australia Stock Exchange. Price chart formed an 18 month-long rectangle with the horizontal boundary acting as strong resistance at 53.90 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 55.50 levels will confirm the breakout from the 18 month-long rectangle with the possible chart pattern price target of 64.00 levels. Until there is a breakout, the stock offers trading opportunity between boundaries.

 

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

GLOBAL EQUITY MARKETS – March 26, 2022

/0 Comments/in /by

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) continues to remain below the 200-day average. Past few days rebound has been strong and pushed the ETF towards the strong resistance area between 99 and 100.1. To get bullish on Global Equities, I want to see the ETF clearing the 200-day average and settling above it. Until that happens I will view this as a counter trend rebound. Last 3 months trend has been downwards with clear lower lows and lower highs.

 

Read more

CRYPTOCURRENCIES – March 20, 2022

/0 Comments/in /by

Cryptocurrency markets have been muted for the past few months. Clearly volatility dropped to low levels which suggests an increase in volatility on the coming weeks. Increase in volatility usually results in a trend period. Many charts I’m reviewing are lacking any breakout setup. However, there is a common theme between charts that suggest a possible rebound from strong support areas which can offer trading opportunity between boundaries. Below I feature these opportunities.

Read more

DYCOM INDUSTRIES INC (DY)

/0 Comments/in /by

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 the text-book head and shoulder continuation on Dycom Industries, Inc. listed on NYSE.

DYCOM INDUSTRIES INC (DY) – new addition to watchlist

Dycom Industries, Inc. is a provider of specialty contracting services throughout the United States. The Company includes engineering services, and construction, maintenance and installation services. It provides engineering services to telecommunications providers, including the planning and design of aerial, underground, buried fiber optic, copper and coaxial cable systems for its consumers. The stock is listed on the New York Stock Exchange. Price chart formed an 11 month-long head and shoulder continuation with the horizontal boundary acting as strong resistance at 100.60 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 103.60 levels will confirm the breakout from the 11 month-long head and shoulder continuation with the possible chart pattern price target of 136.00 levels. (Learn more: Video Tutorial)

 

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

GLOBAL EQUITY MARKETS – March 19, 2022

/1 Comment/in /by

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) continues to remain below the 200-day average. Past few days rebound has been strong and pushed the ETF towards the strong resistance area between 99 and 100.1. To get bullish on Global Equities, I want to see the ETF clearing the 200-day average and settling above it. Until that happens I will view this as a counter trend rebound. Last 3 months trend has been downwards with clear lower lows and lower highs.

Read more

GLOBAL EQUITY MARKETS – March 12, 2022

/5 Comments/in /by

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) continues to remain below the 200-day average and exposed for further weakness. Previous rebound got rejected at the 200-day average. 99-100.4 area is the new resistance. The ETF started forming lower lows and lower highs. If rebounds can’t push prices above the 99-100.4 area, downtrend can accelerate.

Read more

DEERE & CO (DE)

/0 Comments/in /by

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 the text-book rectangle on Deere & Company listed on NYSE.

DEERE & CO (DE)

Deere & Company is engaged in equipment operations. The Company is engaged in providing financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The stock is listed on the New York Stock Exchange. Price chart formed a 9 month-long rectangle with the horizontal boundary acting as strong resistance at 395.60 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 407.50 levels will confirm the breakout from the 9 month-long rectangle with the possible chart pattern price target of 471.00 levels.

 

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

GLOBAL EQUITY MARKETS – March 5, 2022

/4 Comments/in /by

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) continues to remain below the 200-day average and exposed for further weakness. Previous rebound got rejected at the 200-day average. 99-100.7 area is the new resistance. The ETF started forming lower lows and lower highs. If rebounds can’t push prices above the 99-100.7 area, downtrend can accelerate.

Read more

GLOBAL EQUITY MARKETS – February 26, 2022

/5 Comments/in /by

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) experienced another sell-off below the 200-day average. Previous rebound got rejected at the 200-day average. 99-101 area is the new resistance. The ETF started forming lower lows and lower highs. If rebounds can’t push prices above the 99-101 area, downtrend can accelerate. On the long-term chart price is trying to hold above the upper boundary of the rising trend channel. Failure to do so can result in a sell-off towards the next support around 82 levels.

Read more