GLOBAL EQUITY MARKETS – February 22, 2020

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) found resistance at the minor high at 81.4 levels. The high at 81.4 is not yet broken on the upside and we can still see further sideways consolidation between 77.5 and 81.4.  The 200-day moving average is still far from the price at 76.45 levels. Without much interpretation, we can conclude that the chart of of ACWI ETF is showing a clear uptrend. During pullbacks 76.45-77.5 area will act as support.

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INTERIM UPDATE – February 19, 2020

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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 are 5 additions to Tech Charts watchlist that may experience breakouts. These charts will also be included in the weekly update.

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RECTANGLE – BREAKOUT ALERTS

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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 breakout section two rectangle breakout opportunities that are listed on U.S. Exchanges. The first chart is a breakout on a weekly scale and the second is a shorter-term duration chart pattern breakout taking place on a daily scale.

TANDEM DIABETES CARE INC (TNDM.O)

Tandem Diabetes Care, Inc. is a medical device company. The Company is engaged in designing, developing and commercializing products for people with insulin-dependent diabetes. The stock is listed on the Nasdaq Stock Exchange. Price chart formed an 8 month-long rectangle with the horizontal boundary acting as strong resistance at 74.0 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 77.0 levels confirmed the breakout from the 8 month-long rectangle with the possible chart pattern price target of 96.00 levels. Tight and lengthy consolidations like these can have 2x or even 3x price targets. 2x price target stands at 118 levels (not shown on the chart)

NEW SENIOR INVESTMENT GROUP INC (SNR)

New Senior Investment Group Inc. is a real estate investment trust with a diversified portfolio of primarily private pay senior housing properties located across the United States. The stock is listed on the New York Stock Exchange. Price chart formed a 3 month-long rectangle with the horizontal boundary acting as strong resistance at 8.10 levels. The daily close above 8.20 levels confirmed the breakout from the 3 month-long rectangle with the possible chart pattern price target of 8.70 levels.

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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 15, 2020

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) tested the minor high at 81.4 levels. On the price chart last one month’s price action seems like a pullback to the high seen in 2018 (77.5) and a continuation higher. ACWI ETF is still in a steady uptrend. The high at 81.4 is not yet broken on the upside and we can still see further sideways consolidation between 77.5 and 81.4.  The 200-day moving average is still far from the price at 76 levels. Without much interpretation, we can conclude that the chart of of ACWI ETF is showing a clear uptrend.

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INTERIM UPDATE – February 13, 2020

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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 are 3 additions to Tech Charts watchlist that may experience breakouts. These charts will also be included in the weekly update.

Read more

RECTANGLE – HORIZONTAL CHART PATTERN

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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 a rectangle breakout opportunity that is listed on Australia Stock Exchange.

ATLAS ARTERIA GROUP (ALX.AX)

Atlas Arteria Group, formerly Macquarie Atlas Roads Group, is an Australia-based global infrastructure developer, operator and investor. The stock is listed on the Australia Stock Exchange. Price chart formed a 6 month-long rectangle with the horizontal boundary acting as strong resistance at 8.35 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 8.5 levels will confirm the breakout from the 6 month-long rectangle with the possible chart pattern price target of 9.3 levels. Data as of Feb 11, 2020. Please note that the last weekly candlestick includes only two days of trading. Below you can also find the daily scale price chart.

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 – February 8, 2020

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) rebounded from support at 77.5 levels. On the price chart last one month’s price action seems like a pullback to the high seen in 2018 (77.5).  ACWI ETF is still in a steady uptrend. While this week’s price was a strong rebound, unless the high at 81.4 is broken on the upside we can see further sideways consolidation between 77.5 and 81.4.  The 200-day moving average is still far from the price at 76 levels.

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SYMMETRICAL TRIANGLE – DIAGONAL CHART PATTERN

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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 breakout section a symmetrical triangle. Breakout signal was confirmed few weeks back and since then the stock has possibly completed a pullback. This chart is a good example to discuss the dynamics of breakouts from diagonal chart patterns. Below you will also find a short educational video on how breakouts can develop after completing symmetrical triangle chart patterns.

LABORATORY CORPORATION OF AMERICA HOLDINGS (LH)

Laboratory Corporation of America Holdings is a life sciences company that is integrated in guiding patient care, providing clinical laboratory and end-to-end drug development services. The Company operates as a healthcare diagnostics company. The stock 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 174.00 levels. Both boundaries were tested several times over the course of the chart pattern. The daily close above 179.00 levels confirmed the breakout from the 5 month-long symmetrical triangle with the possible chart pattern price target of 194.00 levels. The chart below is an update with the latest data from 03/02/2020.

A SHORT EDUCATIONAL 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 – February 1, 2020

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) resumed lower towards strong support area between 75.5 and 77.5. The weekly chart opened with a gap. The gap was filled during the week. The week closed very close to its lowest level. ACWI ETF is still in a steady uptrend. During the recent pullback, the high of 2018 (77.5) can act as support. The 200-day moving average is still far from the price at 75.5 levels.

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DESCENDING TRIANGLE – SHORT 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 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 a bearish descending triangle that is completing on the downside. Descending triangle is a bearish chart pattern with a downward sloping upper boundary. Trading in the first two days of the week confirmed the breakdown from the 14 month-long bearish continuation chart pattern.

ANA HOLDINGS INC (9202.T)

ANA HOLDINGS INC. is a Japan-based holding company principally engaged in the aviation business. The stock is listed on the Tokyo Stock Exchange. Price chart formed a 14 month-long descending triangle with the horizontal boundary acting as strong support at 3,525.0 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close below 3,455.0 levels confirmed the breakdown from the 14 month-long descending triangle with the possible chart pattern price target of 3,025.0 levels. Data as of 28/01/2020. Please note that the last bar on the weekly scale price chart includes two days of trading.

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