U.S. 10 YEAR T-NOTE & TNX

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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 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 review section U.S. 10 Year Government Bonds and the U.S. 10 Year Yield Index (TNX).

U.S. 10 YEAR T-NOTE

The U.S. 10 Year T-Note broke down the support at 137.2 levels. Last 8 month’s price action can be identified as a possible rectangle. Breakdown not only breached the horizontal support but also the 200-day average. Given the extreme low volatility conditions, I expect a strong directional move very soon. Possible chart pattern price target (rectangle reversal) stands at 134.25 levels. The 200-day average and the horizontal boundary at 137.2 levels is acting as resistance. (Data as of Feb 16, 2021)

U.S. 10 YEAR TREASURY YIELD INDEX (TNX)

The chart below is the 10 Year U.S. Treasury Yiled Index. The index after forming a short-term ascending triangle, broke out of both a long-term base and the bullish ascending triangle. Breakout took place at 9.8 levels which acted as the support level. If yields completed a multi-month long rectangle reversal, chart pattern price target will be 14. A minor resistance stands at 12.7 levels. Uptrend is intact. (Data as of Feb 16, 2021)

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GLOBAL EQUITY MARKETS – February 13, 2021

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) resumed its uptrend inside the past 2 months trend channel. It is important to note that price is at the upper boundary of the long-term trend channel, a possible resistance area. Breakout above the upper boundary can resume the uptrend with increased momentum. There is no clear reversal chart pattern on the daily scale price chart. Uptrend is intact. I will monitor the daily scale price chart for a possible reversal chart pattern.

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INTERIM UPDATE (OIL & GAS EQUIPMENTS) – February 12, 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. In the weekly report you will find few more Energy, Oil & Gas setups. This one is a great setup and I want to bring it to your attention before the market closes. This chart will also be included in the weekly update.

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ASCENDING TRIANGLE – NVIDIA CORP (NVDA.O)

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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 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 Nvidia Corporation on the Nasdaq Stock Exchange.

NVIDIA CORP (NVDA.O)

Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 4 month-long ascending triangle with the horizontal boundary acting as strong resistance at 582 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 600 levels will confirm the breakout from the 4 month-long ascending triangle with the possible chart pattern price target of 695 levels. (Data as of Feb 8, 2021)

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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.

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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.

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GLOBAL EQUITY MARKETS – February 6, 2021

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) had a short-term bear trap after breaching the lower boundary of the past 2 months uptrend at 92 levels. The ETF quickly recovered inside the trend channel and tested the minor high at 94.5 levels. The uptrend remains intact. It is important to note that price is at the upper boundary of the long-term trend channel, a possible resistance area. The 200-day moving average and the upper boundary of the previous short-term consolidation are forming support between 83.2 and 84.15 levels. Following week I will monitor how the ETF performs at the minor high. If it finds resistance at 94.5, it can retrace back to the minor low at 90 levels.

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SYMMETRICAL TRIANGLE – AMAZON.COM INC

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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 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 Amazon.com, Inc. on the Nasdaq Stock Exchange.

AMAZON.COM INC (AMZN.OQ) – new addition to watchlist

Amazon.com, Inc. offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. It also manufactures and sells electronic devices. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 5 month-long symmetrical triangle with the upper boundary acting as strong resistance at 3,350.00 levels. The upper boundary was tested several times over the course of the chart pattern. A daily close above 3,450.00 levels will confirm the breakout from the 5 month-long symmetrical triangle with the possible chart pattern price target of 4,000.00 levels. (Data as of Feb 1, 2021)

A SHORT VIDEO ON SYMMETRICAL TRIANGLES

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 – January 30, 2021

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) experienced its first short-term pullback breaking down the lower boundary of the past 2 months uptrend at 92 levels. While the long-term uptrend is intact, the Global benchmark might be entering into a reversion to the mean stage where we see price pulling back to the 200-day average. The long-term price chart found resistance at the upper boundary of the multi year-long trend channel. The 200-day moving average and the upper boundary of the previous short-term consolidation are forming support between 82.6 and 84.15 levels.

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ASCENDING TRIANGLE – MOTOROLA SOLUTIONS

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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 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 Motorola Solutions, Inc. on the New York Stock Exchange.

MOTOROLA SOLUTIONS INC (MSI)

Motorola Solutions, Inc. provides communications and analytics solutions. The Company offers communications, command center software and video security and analytics, supported by managed and support services. The stock is listed on the New York Stock Exchange. Price chart formed a 2 month-long ascending triangle with the horizontal boundary acting as strong resistance at 175.30 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 178.80 levels will confirm the breakout from the 2 month-long ascending triangle with the possible chart pattern price target of 191.40 levels. Data as of Jan 28, 2021, EST 10:15

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 – January 23, 2021

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) resumed its uptrend past the rectangle chart pattern price target at 91 levels.  On the weekly scale price chart of the ETF is also close to the upper boundary of the long-term uptrend channel. During any pullback 84.15 will act as support. The 200-day moving average, which I utilize as a trend filter, is rising as well, now at 82.1 levels. Uptrend is intact and there is no reversal chart pattern on daily scale price chart. The last 2 months uptrend formed a well-defined upward trend channel. The lower boundary can act as short-term support at 92 levels.

 

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RECTANGLE – VOLKSWAGEN

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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 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 Volkswagen AG listed on the Frankfurt Stock Exchange.

VOLKSWAGEN AG (VOWG_p.DE) – new addition to watchlist

Volkswagen AG is a Germany-based company that manufactures and sells vehicles. Its brand portfolio includes Volkswagen, Audi, SEAT, SKODA, Bentley, Bugatti, Lamborghini, Porsche, Ducati, Volkswagen Commercial Vehicles, Scania and MAN. The stock is listed on the Frankfurt Stock Exchange. Price chart formed a 7 month-long rectangle with the horizontal boundary acting as strong resistance at 155.60 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 160.30 levels will confirm the breakout from the 7 month-long rectangle with the possible chart pattern price target of 185.00 levels. Another short-term rectangle can be identified right below the upper boundary of the 7 month-long rectangle chart pattern. Breakout from both can take place at the same level. Data as of Jan 21, 2021, CET 14:45

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