GLOBAL EQUITY MARKETS – October 19, 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 the famous horizontal 74.8 resistance. It is now almost 2 year that the ETF has been trading below the strong resistance with several tests. The rebound from the 200-day average at 72.5 took place with a gap opening. If we see further consolidation and pullback the ETF can fill the gap between 73 and 73.6 levels. The ACWI ETF is still trading in a wide range and the strong resistance continues to remain at 74.8 levels. Only after a breakout above the strong horizontal resistance we will conclude the completion of a multi-month long bullish chart pattern. The right shoulder of a possible H&S continuation is now well-defined and can be labelled as a rectangle.

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ASCENDING TRIANGLE (CONTINUATION)

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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 bullish ascending triangle chart pattern opportunity, listed on the Nasdaq Stock Exchange.

PROOFPOINT INC (PFPT.O)

Proofpoint, Inc. is a security-as-a-service provider that enables large and mid-sized organizations to defend, protect, archive and govern their sensitive data. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 5 month-long ascending triangle with the horizontal boundary acting as strong resistance at 132.00 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 136.00 levels will confirm the breakout from the 5 month-long ascending triangle with the possible chart pattern price target of 160.00 levels. Data as of  October 15, 2019

 

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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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INTERIM UPDATE – October 16, 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.

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GLOBAL EQUITY MARKETS – October 12, 2019

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) rebounded strong from the support area formed by the horizontal minor support and the 200-day moving average between 72.25 and 72.5 levels. The weekly close was close to the multi-month long resistance at 74.8 levels. The ETF is still trading in a wide range and the strong resistance continues to remain at 74.8 levels. Only after a breakout above the strong horizontal resistance we will conclude the completion of a multi-month long bullish chart pattern. The right shoulder of a possible H&S continuation is now well-defined and can be labelled as a rectangle.

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CUP & HANDLE (CONTINUATION)

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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 bullish continuation cup & handle chart pattern opportunity, listed on the Nasdaq Stock Exchange.

GCI LIBERTY INC (GLIBA.O)

GCI Liberty, Inc., formerly General Communication, Inc., is a holding company. The Company, together with its subsidiaries, is a communications provider with operations primarily in the State of Alaska. The Company provides a range of wireless, data, video, voice and managed services to residential customers, businesses, governmental entities, and educational and medical institutions primarily in Alaska under its GCI brand. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 3 month-long cup & handle continuation with the horizontal boundary acting as strong resistance at 65.00 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 66.00 levels will confirm the breakout from the 3 month-long cup & handle continuation with the possible chart pattern price target of 72.75 levels. Breakout can push the stock to all-time highs. Data as of 10:30 am October 9, 2019

A recent breakout alert was issued in the Global Equity Markets report covering a similar cup & handle breakout opportunity on Novocure. The weekly scale price chart featured a 7 month-long cup & handle that broke out to all-time highs. Breakout to all-time highs from bullish continuation chart patterns is the path of least resistance. Similar chart patterns can form on daily, weekly and monthly scale price charts. The underlying dynamics are the same. Though it is important to note that the shorter the time frame the higher the probability of failure. My default time frame for research is weekly scale. I also look at chart patterns on daily scale.

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 – October 5, 2019

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) filled the gap between 72.5 and 73.5 area. Both the 200-day moving average and the minor high are formed support around 72.25 and 72.5 levels. The weekly close was off the lows suggesting buyers stepped in around the 200-day moving average. The ETF is still trading in a wide range and the strong resistance continues to remain at 74.8 levels. Only after a breakout above the strong horizontal resistance we will conclude the completion of a multi-month long bullish chart pattern.

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UBISOFT ENTERTAINMENT SA (UBIP.PA)

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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 continuation symmetrical triangle chart pattern opportunity, listed on the Paris Stock Exchange.

UBISOFT ENTERTAINMENT SA (UBIP.PA)

Ubisoft Entertainment SA is a France-based company that is engaged in the development, publishing and distribution of video games. The stock is listed on the Paris Stock Exchange. Price chart formed a 7 month-long symmetrical triangle with the lower boundary acting as strong support at 67 levels. The lower boundary was tested several times over the course of the chart pattern. The daily close below 65 levels confirmed the breakdown from the 7 month-long symmetrical triangle with the possible chart pattern price target of 50 levels. The long-term price chart below shows the critical support level the stock is breaching. The breakdown from the symmetrical triangle breached the long-term uptrend line. (Learn more: Video Tutorial) (Data as of Oct 1, 2019) Important note: The weekly scale price chart shows the first 2 days of trading (Monday & Tuesday) on the last candlestick)

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 – September 28, 2019

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) reversed from the strong horizontal resistance at 74.8 levels. The pullback is possibly filling the gap between 72.5 and 73.5 area. Both the 200-day moving average and the minor high are forming support around 72.25 and 72.5 levels. A long-term breakout will take place only if the ETF clears the horizontal resistance at 74.8 levels. Larger scale chart pattern can be identified as a H&S continuation. Since April 2019, the ETF is trading between 70 and 74.8 levels.

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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

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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

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 
  • We will look at some of the developing bullish continuation chart patterns 
  • We will continue to highlight Tech Charts members favorite chart pattern setups in different equity markets
  • We will have a member Q&A at the end of the webinar

Live questions from Members  

  1. On triangle breakouts, how important do you feel it is to clear the last pivot point (as opposed to buying the breakout immediately) before entering a trade? 1:07:49
  2. Could you please comment the HUI or GDX graph? 1:08:30
  3. You have been using SSE50 to analyze China. May I suggest including or start using A50? The reason is apparently the futures contracts trading on SGX. Or, is there a leveraged way to trade SSE50 other than CFD? 1:09:15
  4. Slide 2 – Is the moving average simple, exponential, or something else? 1:09:52
  5. Can you start posting the slides with the member webinar on the member site? It would be very helpful. 1:10:52
  6. H&S bottom reversal: it looks like from the examples that the downtrend line would be breached, retested and form the right shoulder and then breakout. The question, would it be advisable to take position after right shoulder(retest of the down trend line)? 1:11:09
  7. When a H&S has a neckline that is slanted left or right, to which point do you trade? 1:12:08
  8. Why three times 10-period ATR? Is it from experience, is this the best setting for Aksel’s time frame? 1:13:02
  9. Broadening triangle – It’s probably not worth taking a position but when a flat top broadening triangle forms in the downtrend, is there a bias? Example Canada government bond 2-year rate. Flat top broadening triangle formed from March, in the middle of the downtrend. 1:14:30
  10. How do you answer something like this: “I never thought buying breakouts was a good way to trade. Takes so many buyer s to get a stock through resistance. You don’t wanna be buying AFTER that…Pullbacks after the breakout or ahead of a breakout only for me.” 1:15:32
  11. When a premature breakout happens, and the stop is hit, if the breakout happens again, would you take the signal again? If yes, do you change the position size if the risk is lower this time (pivot closer to breakout level)? 1:16:47
  12. Have you calculated which patterns tend to assume which roles: continuation vs. reversal? 1:17:37
  13. Is there any suggestion, other than using the correlation table, which breakout signals to select from because you highlight many and they all look pretty good. 1:18:32
  14. What does on a daily closing basis mean – example when saying, “That the 3%-breakout-confirmation has to happen on a daily closing basis?” 1:19:14

Recorded live 9.15.2019 

 

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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

/0 Comments/in , /by

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

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 
  • We will look at some of the developing bullish continuation chart patterns 
  • We will continue to highlight Tech Charts members favorite chart pattern setups in different equity markets
  • We will have a member Q&A at the end of the webinar

Live questions from Members  

  1. On triangle breakouts, how important do you feel it is to clear the last pivot point (as opposed to buying the breakout immediately) before enter ing a trade? 1:07:49
  2. Could you please comment the HUI or GDX graph? 1:08:30
  3. You have been using SSE50 to analyze China. May I suggest including or start using A50? The reason is apparently the futures contracts trading on SGX. Or, is there a leveraged way to trade SSE50 other than CFD? 1:09:15
  4. Slide 2 – Is the moving average simple, exponential, or something else? 1:09:52
  5. Can you start posting the slides with the member webinar on the member site? It would be very helpful. 1:10:52
  6. H&S bottom reversal: it looks like from the examples that the downtrend line would be breached, retested and form the right shoulder and then breakout. The question, would it be advisable to take position after right shoulder(retest of the down trend line)? 1:11:09
  7. When a H&S has a neckline that is slanted left or right, to which point do you trade? 1:12:08
  8. Why three times 10-period ATR? Is it from experience, is this the best setting for Aksel’s time frame? 1:13:02
  9. Broadening triangle – It’s probably not worth taking a position but when a flat top broadening triangle forms in the downtrend, is there a bias? Example Canada government bond 2-year rate. Flat top broadening triangle formed from March, in the middle of the downtrend. 1:14:30
  10. How do you answer something like this: “I never thought buying breakouts was a good way to trade. Takes so many buyer s to get a stock through resistance. You don’t wanna be buying AFTER that…Pullbacks after the breakout or ahead of a breakout only for me.” 1:15:32
  11. When a premature breakout happens, and the stop is hit, if the breakout happens again, would you take the signal again? If yes, do you change the position size if the risk is lower this time (pivot closer to breakout level)? 1:16:47
  12. Have you calculated which patterns tend to assume which roles: continuation vs. reversal? 1:17:37
  13. Is there any suggestion, other than using the correlation table, which breakout signals to select from because you highlight many and they all look pretty good. 1:18:32
  14. What does on a daily closing basis mean – example when saying, “That the 3%-breakout-confirmation has to happen on a daily closing basis?” 1:19:14

Recorded live 9.15.2019 

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