KINDEN CORP (1944.T)

/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 KINDEN CORP., listed on the Nikkei Stock Exchange.

KINDEN CORP (1944.T)

KINDEN CORPORATION is a Japan-based construction company. The stock is listed on the Tokyo Stock Exchange. Price chart formed a 19 month-long rectangle with the lower boundary acting as strong support at 1,670 levels and the upper boundary as resistance at 1,940 levels. KINDEN CORPORATION is trading between well-defined chart pattern boundaries. Multi-month long rectangle chart pattern with well-defined horizontal boundaries is offering good trading opportunity. A daily close below 1,620 levels can confirm the rectangle chart pattern as a top reversal with the possible chart pattern price target of 1,435 levels. Breakdown after several tests of chart pattern boundary can be followed by a strong directional move. Data as of 28/05/2019

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 – May 25, 2019

/0 Comments/in /by

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) finsihed the week at a very critical support. The neckline of the possible 3 month-long H&S top and the 200-day moving average are overlapping at 71 levels and forming short-term support. Read more

INTERIM UPDATE – May 23, 2019

/0 Comments/in /by

From the three global equity benchmarks we follow, the iShares MSCI All Country World Index ETF (ACWI.O), the iShares MSCI Emerging Markets Index ETF (EEM) and the iShares MSCI Frontier 100 ETF (FM), only ACWI ETF managed to hold above its 200-day average. Read more

SYSTEMAX INC (SYX)

/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 SYSTEMAX INC., listed on the New York Stock Exchange.

Read more

GLOBAL EQUITY MARKETS – May 18, 2019

/3 Comments/in /by

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O), pulled back from the strong resistance at 74.8 levels. During the week price tested the long-term 200-day average at 71 levels and rebounded. For now we can conclude that the 200-day average acted as support. In the following weeks I will monitor the price action around the average. Failure to hold above 71 levels can result in a larger scale correction. The daily scale price chart can form a short-term H&S top. Both the neckline of the possible H&S top and the 200-day moving average are overlapping at the same level (71). In the short-term, as long as the price remains above 71 support, ACWI ETF is expected to trade between 71 and 74.8 levels.

Read more

CITRIX SYSTEMS INC (CTXS.O)

/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 CITRIX SYSTEMS INC., listed on the Nasdaq Stock Exchange.

Read more

GLOBAL EQUITY MARKETS – May 11, 2019

/4 Comments/in /by

REVIEW

The benchmark for Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) experienced a sharp pullback from the strong resistance at 74.8 levels. Pullback found support around the 200-day moving average at 71 levels. What could be next for the Global equity benchmark? One option is a new trading range between 71 and 74.8, similar to what the benchmark experienced in the first half of 2018. A consolidation between the long-term average and the horizontal resistance at 74.8. The other option is the continuation of the correction with a breach below the long-term average. As long as the index manages to hold above the long-term average, I will continue to view the price action as positive. Short-term support is at 71 and the resistance is at 74.8 levels.

Read more

RECTANGLE CHART PATTERNS – DUBAI SEMINAR

/0 Comments/in /by

Around this time last year, I was one of the presenters at the Dubai Trader’s Summit organized by MetaStock. I discussed several classical chart patterns. The even was not recorded. I created several educational videos to share with Tech Charts members and followers who didn’t have the chance to attend the event. Below is one of those parts on my favorite classical chart pattern setup. It is hosted on Tech Charts You Tube page. If you haven’t subscribed to our free You Tube page, I suggest you do so, as we will be uploading more free resources.

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 – May 4, 2019

/0 Comments/in /by

REVIEW

The benchmark for the Global equity markets, the iShares MSCI All Country World Index ETF (ACWI.O), continues to remain around the strong resistance at 74.8 levels. The long-term 200-day moving average stands at 71 levels. There is no clear short-term chart pattern that would indicate a continuation of the existing uptrend. Price remains above the long-term average and such technical condition suggests the ETF is in an uptrend. If there is a pullback from the short-term resistance at 74.8 levels, the 200-day moving average is likely to act as support.

Read more

HSBC HOLDINGS PLC (0005.HK)

/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 HSBC HOLDINGS PLC, listed on the Hong Kong Stock Exchange.

Read more