INTERIM UPDATE – December 20, 2019

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Dear Tech Charts members,

As mentioned in our previous communications I’ve been working on bringing more short-term chart pattern setups into your attention from the Global equity markets. In doing so I’m paying close attention to have liquid names. Tech Charts Global Equity markets report featured mostly chart pattern in duration between 4 months – 24 months. We are now focusing as well on chart patterns in duration between 2 months – 4 months featured on daily scale. I will continue to bring those opportunities either via Interim Updates or the weekly Global Equity Markets report. Below are 4 additions to Tech Charts watchlist that may experience breakouts in the last trading day of the week. These charts will also be included in the weekly update.

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Short-Term Chart Patterns – December 2019 Tech Charts Webinar

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Short-Term Chart Patterns – December 2019 Tech Charts Webinar

This webinar is a discussion on chart patterns that develop and complete on a short-term time frame, in the duration between 1 month to 3 months.

Webinar Outline

  • We will review some of those chart pattern breakouts that were featured in the Global Equity Markets report
  • We will review some of the conditions that are required for successful completion of different chart patterns both on daily and weekly time frame
  • We will look at some of the developing chart patterns
  • We will have a member Q&A at the end of the webinar

Live questions from Members  

  1. Do you use MA or EMA? 50:33
  2. I wanted to check if it is possible for you to include in your weekly report a performance of setup of your charts? 51:02 (Webinar mentioned A review of the most reliable chart patterns Tech Charts Global Equity Markets report featured over the past two years – September 2019 Tech Charts Webinar)
  3. Can the ascending or descending triangle be trend reversal patterns? 51:37
  4. Can you discuss success rates for weekly setups vs. daily? 52:37
  5. If the handle is a bit above the cup is the breakout level above the cup or above the handle? 53:48
  6. When you post a breakout alert on the website, is the red number dotted line a negation level or your initial stop loss? 54:17
  7. What’s the ATR setting you use and do you check and adjust stops on a daily basis? 54:45 (Helpful link ATR Trailing Stop-Loss – H&S Top)

Recorded live 12.12.2019   

 
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ISHARES MSCI EMERGING MARKETS ETF (EEM)

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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 the iShares MSCI Emerging Markets Index ETF (EEM), listed on the New York Stock Exchange.

The benchmark for the Emerging Markets performance, the iShares MSCI Emerging Markets Index ETF (EEM) rebounded from the 200-day moving average at 42 levels and reached the upper boundary of its year-long sideways consolidation at 44.4 levels. Without a breakout on China equity benchmarks the Emerging Markets ETF will not get out of the woods. Having said that this week’s price action was promising both on China equity benchmarks and EEM ETF. Price action is still showing sideways consolidation. Breakout above 44.4 levels will be very positive for Emerging Markets. The consolidation can act as a bottom reversal (double bottom) or (symmetrical triangle reversal). Data as of December 16, 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 – December 14, 2019

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) cleared the resistance at 77.5 levels. After a week of short-term volatility and pullback the ETF resumed higher towards its possible rectangle chart pattern price target at 79.6 levels. Both the daily and weekly price charts show a steady uptrend.

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Live Webinar and Q&A with Aksel – Thursday, December 12, 8:30 am mountain

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Dear Tech Charts Members,

Global Equity Markets report started focusing on shorter-term time frame chart pattern developments as well as long-term patterns. Short-term chart patterns are those that cover anything from 1 month to 3 months (according to Tech Charts Research), whereas longer-term patterns are from 4 months to 24 months. Short-term chart patterns are featured on daily scale price charts, and it is important to see and understand the price dynamics of those in comparison with weekly scale breakouts. We will dedicate this webinar to several short-term examples on different chart patterns such as cup & handle, ascending triangle, descending triangle, rectangle, H&S bottom, and compare those with similar developments on weekly scale price charts. I hope to touch on risk-reward, price target calculations, and breakout confirmation levels on all those chart pattern breakout examples.

Scheduled for: Thursday, December 12, 8:30 am mountain (register below)

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GLOBAL EQUITY MARKETS – December 7, 2019

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) found resistance at 77.5 levels. Last week’s bearish shooting star candlestick pattern proved to be a short-term correction signal. Following a quick sell-off (intra-week) the ETF recovered to test its previous high.

Is the short-term correction over? Read more

AUTOZONE INC (AZO)

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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 chart pattern opportunity, listed on the New York Stock Exchange.

AUTOZONE INC (AZO)

AutoZone, Inc. is a retailer and distributor of automotive replacement parts and accessories in the United States. The Company operates through the Auto Parts Locations segment. The Auto Parts Locations segment is a retailer and distributor of automotive parts and accessories. The stock is listed on the New York Stock Exchange. Price chart formed a 4 month-long rectangle with the horizontal boundary acting as strong resistance at 1,180.0 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 1,215.0 levels will confirm the breakout from the 4 month-long rectangle with the possible chart pattern price target of 1,320.00 levels. Breakout can push the stock to all-time highs. (Data as of December 2, 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 – November 30, 2019

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) found resistance at 77.5 levels. This week’s price action formed a shooting star candlestick around the resistance area. The shooting star is common candlestick that indicates the potential for a bearish reversal. This candlestick is characterized by a small body with a long upper wick and a short or nonexistent lower wick. In order to be classified as a shooting star, the upper wick of the candlestick should be at least twice as long as its body. The shooting star candlestick looks very similar to the inverted hammer candlestick. The defining difference is that shooting stars are bearish reversal signals at the top of of uptrends, while inverted hammers are bullish reversal signals at the bottom of downtrends.

The 5 month-long rectangle price target stands at 79.6 levels. Breakout above the minor resistance can push the ETF towards the price target at 79.6. Both the daily and weekly price charts show a steady uptrend. Unless we see a strong breakout above this week’s high, ACWI ETF can trade between 74.8 and 77.5 levels in the following weeks.

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INTERIM UPDATE – November 29, 2019

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Dear Tech Charts members,

As mentioned in our previous communications I’ve been working on bringing more short-term chart pattern setups into your attention from the Global equity markets. In doing so I’m paying close attention to have liquid names. Tech Charts Global Equity markets report featured mostly chart pattern in duration between 4 months – 24 months. We are now focusing as well on chart patterns in duration between 2 months – 4 months featured on daily scale. I will continue to bring those opportunities either via Interim Updates or the weekly Global Equity Markets report. Below are 3 additions to Tech Charts watchlist that may experience breakouts in the last trading day of the week even though it will be a short session. These charts will also be included in the weekly update.

Read more

GLOBAL EQUITY MARKETS – November 23, 2019

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) continued to trade close to the resistance level at 77.5 levels. The ETF found short-term resistance around 77.5 levels. The 5 month-long rectangle price target stands at 79.6 levels. Breakout above the minor resistance can push the ETF towards the price target at 79.6. Both the daily and weekly price charts show a steady uptrend. 74.8 levels will act as support during any pullback.

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