INTERIM UPDATE (AMERICAS) – July 23, 2021

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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.

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RECTANGLE SETUP

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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. The report starts with a review section that highlights the important chart developments on global equity benchmarks. This blog post features from the watchlist section RBC BEARINGS INC (ROLL.O) listed on the Nasdaq Stock Exchange.

RBC BEARINGS INC (ROLL.O)

RBC Bearings Incorporated is an international manufacturer and marketer of engineered precision bearings and products, which are integral to the manufacture and operation of machines, aircraft and mechanical systems. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 4 month-long rectangle with the horizontal boundary acting as strong resistance at 207.00 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 213.00 levels will confirm the breakout from the 4 month-long rectangle with the possible chart pattern price target of 230.00 levels. Breakout can push the stock to all-time highs.

 

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 – July 17, 2021

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) reached its price target measured by the symmetrical triangle. Last 3 month’s price action was a choppy uptrend that possibly formed a rising wedge. It is one the least reliable chart pattern for me. Though the appearance of the rising wedge could be signaling weakness and loss of upward momentum and can result in a correction towards the 200-day average. A pullback towards the long-term average will still not challenge the uptrend and positive outlook. Support area remains between 93.7 and 96 levels.

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SPDR DJ WILSHIRE SMALL CAP GROWTH ETF (SLYG.K)

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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. The report starts with a review section that highlights the important chart developments on global equity benchmarks. This blog post features from the watchlist section SPDR DJ WILSHIRE SMALL CAP GROWTH ETF (SLYG.K) listed on the New York Stock Exchange. If you think this ETF has low liquidity, the same outlook applies in general to small cap etfs.

SPDR DJ WILSHIRE SMALL CAP GROWTH ETF (SLYG.K)

The Fund seeks to approximate, before expenses, the investment results of the Dow Jones Small Cap Growth Index. The ETF is listed on the New York Stock Exchange. Price chart formed a 5 month-long symmetrical triangle with the upper boundary acting as strong resistance at 89.60 levels. The upper boundary was tested several times over the course of the chart pattern. A daily close above 91.00 levels will confirm the breakout from the 5 month-long symmetrical triangle with the possible chart pattern price target of 99.50 levels. Breakout can push the ETF to all-time highs.

 

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 – July 10, 2021

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) resumed its uptrend with higher highs and higher lows and this can be seen in steady uptrends. Symmetrical triangle price target stands at 102.7 levels. Price remains above the long-term average, confirming the uptrend. During any sharp pullback, the 200-day average at 93.3 and the previous minor low at 96.5 can form an area of support. Price is now very close to the symmetrical triangle chart pattern price target. Intra-week sell-off was quickly reversed by the end of the week. Positive outlook is intact.

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GLOBAL EQUITY MARKETS – July 3, 2021

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) resumed its uptrend with higher highs and higher lows and this can be seen in steady uptrends. Symmetrical triangle price target stands at 102.7 levels. Price remains above the long-term average, confirming the uptrend. During any sharp pullback, the 200-day average at 92.6 and the previous minor low at 96.5 can form an area of support. Price is now very close to the symmetrical triangle chart pattern price target.

 

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HIGH CONVICTION SETUPS

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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. The report starts with a review section that highlights the important chart developments on global equity benchmarks. This blog post features from the watchlist section Country Garden Services Holdings Company Limited listed on the Hong Kong Stock Exchange.

A high conviction setup for me needs to tick the boxes below. I look for few qualities with the perfect setups. These are:

A well defined chart pattern with horizontal boundaries

Preferably a rectangle chart pattern in duration 2 months – 24 months

A bullish setup (or breakout) taking place above the long-term (200 day) average

Preferably a breakout to all-time highs (path of least resistance)

The chart below is a candidate for a high conviction setup.

COUNTRY GARDEN SERVICES HOLDINGS CO LTD (6098.HK)

Country Garden Services Holdings Company Limited is a China-based provider of residential property management services. The Company mainly provides property management services, community value-added services and non-owner value-added services. The stock is listed on the Hong Kong Stock Exchange. Price chart formed a 3 month-long rectangle with the horizontal boundary acting as strong resistance at 83.00 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 85.50 levels will confirm the breakout from the 3 month-long rectangle with the possible chart pattern price target of 93.80 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 – June 26, 2021

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) resumed its uptrend with higher highs and higher lows and this can be seen in steady uptrends. Symmetrical triangle price target stands at 102.7 levels. Price remains above the long-term average, confirming the uptrend. During any sharp pullback, the 200-day average at 92.6 and the previous minor low at 96.5 can form an area of support.

 

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INTERIM UPDATE (AMERICAS) – June 25, 2021

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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. One of them is an ETF that has a larger influence on a theme, possible strength in small cap growth stocks. The other is a stand alone breakout opportunity that might be too late to report in the weekly update if a breakout materializes. These charts will also be included in the weekly update.

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GLOBAL EQUITY MARKETS – June 19, 2021

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) experienced a setback without reaching the symmetrical triangle price target. The ETF continued to form higher highs and higher lows and this can be seen in steady uptrends. Symmetrical triangle price target stands at 102.7 levels. Price remains above the long-term average, confirming the uptrend. During any sharp pullback, the 200-day average at 92.1 and the previous minor low at 96.5 can form an area of support.

 

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