GLOBAL EQUITY MARKETS – December 18, 2021
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BERKSHIRE HATHAWAY INC (BRKb)
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 Berkshire Hathaway Inc. listed on the New York Stock Exchange.
BERKSHIRE HATHAWAY INC (BRKb)
Berkshire Hathaway Inc. is a holding company owning subsidiaries engaged in various business activities, including insurance and reinsurance, utilities and energy, freight rail transportation, manufacturing and retailing. The stock is listed on the New York Stock Exchange. Price chart formed a 5 month-long rectangle with the horizontal boundary acting as strong resistance at 293.00 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 296.00 levels will confirm the breakout from the 5 month-long rectangle with the possible chart pattern price target of 314.00 levels. Until there is a breakout or a breakdown from the lengthy sideways consolidation, the stock offers trading opportunity between boundaries.
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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.
As a Premium Member of Aksel Kibar’s Tech Charts,
You will receive:
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Global Equities Report. Delivered weekly.
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Classical charting principles. Learn patterns and setups.
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Actionable information. Worldwide indices and stocks of interest.
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Risk management advice. The important trading points of each chart.
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Information on breakout opportunities. Identify the ones you want to take action on.
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Video tutorials. How patterns form and why they succeed or fail.
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Watch list alerts. As they become available so you can act quickly.
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Breakout alerts. Usually once a week.
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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.
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Webinars. Actionable and timely advice on breaking out chart patterns.
For your convenience your membership auto renews each year.
GLOBAL EQUITY MARKETS – December 11, 2021
Announcement:
Dear Tech Charts Members,
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.
Scheduled for: Thursday, December 16, 8:30 am mountain (register below)
Live Webinar and Q&A with Aksel – Thursday, December 16, 8:30 am mountain
Dear Tech Charts Members,
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.
Scheduled for: Thursday, December 16, 8:30 am mountain (register below)
EUROPE ETFs
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 IEV and EFA ETFs listed on the New York Stock Exchange. If you are trading range bound price action between well-defined boundaries, these opportunities might be valuable. I see both charts at inflection points. A rebound from the lower boundaries can put these ETFs back into positive territory. A breakdown will act as bearish reversal.
EUROPEAN EQUITY BENCHMARKS
ISHARE EUROPE ETF (IEV) formed 6 month-long rectangle with the lower boundary acting as support at 51.5 and the upper boundary as resistance at 55.7 levels. Breakdown below the lower boundary can confirm the rectangle as a top reversal with the possible price target of 48 levels.
ISHARE MSCI EAFE ETF (EFA) formed a 6 month-long rectangle with the upper boundary acting as resistance at 82 and the lower boundary as support at 76.4 levels. Price is consolidating right below the 200-day average. Breakdown below the horizontal support can result in a top reversal with the price target at 71 levels.
Here is a breakdown of the ISHARES MSCI EAFE ETF for those of you who are not familiar with MSCI benchmarked funds.
Data as of Oct 29, 2021. Source: msci.com
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.
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.
CRYPTOCURRENCIES – December 5, 2021
The sharp correction in cryptocurrencies put more pressure on BTC than many other pairs. After a sell-off like this our attention should be on the price charts that managed to remain strong and close to their resistance levels. Usually those that hold well will be the ones to recover to new highs when momentum returns.
GLOBAL EQUITY MARKETS – December 4, 2021
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is in an uptrend. Failure to hold above 105.5 levels resulted in a failed breakout and is now pulling the price towards the long-term average at 100 levels. Another horizontal support is standing at 99 levels, making the range 99-100; the next possible strong support area. 105.5 becomes resistance again. So far, price action looks like a reversion to the mean.
GLOBAL EQUITY MARKETS – November 27, 2021
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is in an uptrend. Failure to hold above 105.5 levels resulted in a failed breakout and is now pull the price towards the long-term average at 100 levels. Another horizontal support is standing at 99 levels, making the range 99-100 the next possible strong support area. 105.5 becomes resistance again.
CRYPTOCURRENCIES – November 21, 2021
Some of the exciting chart patterns that have completed are cup & handle continuation on ETHUSD, H&S continuation on EGLDUSD and CHRUSD. I’ve added more exciting setups and also pairs that can outperform BTC in the following months.
GLOBAL EQUITY MARKETS – November 20, 2021
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is in an uptrend. There is no reversal chart pattern on the daily scale price chart. This week’s price consolidated and remained above the short-term support level at 105.5. Breakout above 105.5 levels resumed the existing uptrend. Previous resistance becomes the new support at 105.5 levels. Long-term average is also acting as support at 99.7 levels. Failure to hold above 105.5 levels can result in a failed breakout and pull the price towards the long-term average.
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