GLOBAL EQUITY MARKETS – April 3, 2021

/0 Comments/in /by

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is forming a sideways consolidation. Thursday’s close challenged the upper boundary of a possible symmetrical triangle. We can conclude that the uptrend is intact. Breakout from the symmetrical triangle can push the ETF towards the possible price objective at 102.7 levels. As always the case with symmetrical triangles, the minor high will be a short-term hurdle.

Read more

GLOBAL EQUITY MARKETS – March 27, 2021

/6 Comments/in /by

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is forming a sideways consolidation. The rebound on Friday was strong. I’m thinking that the current consolidation can morph into a symmetrical triangle. We can conclude that the uptrend is intact. It is important to note that price is testing the upper boundary of a long-term trend channel, a possible resistance area.

Read more

2 BULLISH CHART PATTERNS – MMC

/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 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 Marsh & McLennan Companies, Inc.

MARSH & MCLENNAN COMPANIES INC (MMC)

Marsh & McLennan Companies, Inc. is a professional services firm offering clients advice and solutions in risk, strategy and people. The Company is the parent company of various risk advisors and specialty consultants, including Marsh, the insurance broker; Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of human resource and investment related financial advice and services, and Oliver Wyman Group, the management and economic consultancy. The stock is listed on the New York Stock Exchange. Price chart formed a 3 month-long cup & handle continuation with the horizontal boundary acting as strong resistance at 120.00 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 122.50 levels will confirm the breakout from the 3 month-long cup & handle continuation with the possible chart pattern price target of 133.00 levels. The cup & handle continuation is part of a larger scale ascending triangle that can complete at the same price level. (Data as of 26/03/2021, EST 9:30)

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 20, 2021

/0 Comments/in /by

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) rebounded from the minor low around 90.1 levels. There is a possibility of a H&S top forming at current levels that can be utilized in both directions. The possible right shoulder hasn’t formed yet so it is early to call this a H&S top. Right now we can conclude that the uptrend is intact. If price stalls at current levels and rolls over in the following weeks, then we will consider the possibility of a H&S top. It is important to note that price is testing the upper boundary of a long-term trend channel, a possible resistance area.

Read more

4 Types of Breakouts and How To Trade Them – March 2021 Tech Charts Webinar

/0 Comments/in , /by

4 Types of Breakouts and How To Trade Them – March 2021 Tech Charts Webinar

We are continuing our Member webinar series with the types of breakouts a chart pattern can experience. In the following webinar, we will review the 4 types of breakouts that chart patterns experience and how to manage each one.

Webinar Outline

  • Review of chart pattern statistics and discussion on chart pattern reliability
  • 4 types of breakouts and examples on each breakout situation
  • How to manage open trades with each type of breakout
  • 4 types of breakouts (hard re-test, re-test, failed breakouts, breakouts without any pullback)
  • Review of latest chart pattern setups
  • Member Q&A

Live questions from Members

Question 1: When you post ideas on Twitter, where can I find them on the member’s site? 56:21

Question 2: Do you use stops and how do you set them? Also, would you look at trailing stops to exit a position? 57:12 (LINK: ATR Trailing Stop-Loss – H&S Top)

Question 3: Do you invest in any volatility futures, Aksel? If so, what is your strategy in terms of technical analysis since even the futures themselves could be extremely volatile? Can this be covered in the Tech Charts report? 57:44 

Question 4: Is the Rectangle pattern similar to a Flag pattern? 58:35

Question 5: Which broker do you use that provides you to trade HK, Canada, South Africa, and Turkey stocks? 59:04

Question 6: You showed in a weekly chart that for H&S top failed breakdown, exceeding the negation level is enough, or don’t you prefer to see the weeks closing in order to be sure it’s a failed breakdown as you prefer for daily charts? 59:59

Question 7: How do you decide on the price level of horizontal lines? To be more specific, in the daily scale of a chart, let’s say if 5 bars are reaching the bottom horizontal line of a rectangle pattern, and all their close and low price levels are different even though the prices so close to each other, how do you decide on the bottom horizontal lines price level? Do you consider the lowest closing price level or average or median of lows, etc? 01:01:06

Question 8: Do you use the gap strategy in your trades? If so, do you have success percentage of those (for the price coming back to the level of the gap)? 01:01:53

Question 9: Could you give your opinion on Silver futures or SLV at this time? 01:02:38

Question 10: Does using a trailing stoploss create problems during pullback? How do you deal with that? 01:03:04

Question 11: The double bottoms that keep forming in various charts do they qualify as eve & eve or eve & adam? Would they qualify for bottom reversals or continuations? Can you explain them in comparison to cup & handle? 01:04:05

Question 12: Do you use cycle analyses in selecting stocks? 01:05:22

Recorded live 03.11.2021  

 
Read more

GLOBAL EQUITY MARKETS – March 13, 2021

/4 Comments/in /by

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) failed to hold above the existing uptrend line. The last time the ETF tried to reverse the ongoing trend was in January. The recent pullback came close to January minor low at 90.1. For the time being we can say that the ETF found support at the minor low and rebounded. There is a possibility of a H&S top forming at current levels that can be utilized in both directions. The possible right shoulder hasn’t formed yet so it is early to call this a H&S top. Right now we can conclude that the uptrend is intact. If price stalls at current levels and rolls over in the following week, then we will consider the possibility of a H&S top.

 

Read more

CUP WITH HANDLE (BULLISH CONTINUATION)

/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 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 Teleflex Incorporated.

TELEFLEX INC (TFX) – new addition to watchlist

Teleflex Incorporated is a provider of medical technology products. The Company designs, develops, manufactures and supplies single-use medical devices used by hospitals and healthcare providers for diagnostic and therapeutic procedures in critical care and surgical applications. The stock is listed on the New York Stock Exchange. Price chart formed a 6 month-long cup & handle continuation with the horizontal boundary acting as strong resistance at 410.00 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 422.00 levels will confirm the breakout from the 6 month-long cup & handle continuation with the possible chart pattern price target of 490.00 levels. The handle part of the cup & handle continuation can be identified as a possible ascending triangle that can act as a bullish continuation chart pattern. Breakout can push the stock to all-time highs. (Data as of Mar 9, 2021)

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

INTERIM UPDATE (EUROPE & US) – March 10, 2021

/0 Comments/in /by

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  EUROPE & AMERICAS equities. These charts will also be included in the weekly update.

Read more

GLOBAL EQUITY MARKETS – March 6, 2021

/2 Comments/in /by

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) failed to hold above the existing uptrend line. The last time the ETF tried to reverse the ongoing trend was in January. The recent pullback came close to January minor low at 90.1. We are possibly in a reversion to the mean stage where the ETF can pullback towards the 200-day average similar to Sep-Oct period. For the time being we can say that the ETF found support at the minor low for a possible rebound. It could be still early to bring this possibility to your attention but I will monitor the ACWI ETF for a possible H&S top. The ETF might rebound to form the right shoulder of a possible H&S top.

Read more

Live Webinar and Q&A with Aksel – Thursday, March 11th, 8:30 am mountain

/0 Comments/in /by

Dear Tech Charts Members,

We are continuing our Member webinar series with the types of breakouts a chart pattern can experience. In the following webinar, we will review the 4 types of breakouts that chart patterns experience and how to manage each one.

Scheduled for: Thursday, March 11th, 8:30 am mountain (register below)

Read more