GLOBAL EQUITY MARKETS – April 10, 2021
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) possibly completed the sideways consolidation. The upper boundary of a possible symmetrical triangle was breached at 95.9 levels. We can conclude that the uptrend is intact. Breakout from the symmetrical triangle pushed the ETF towards the possible price objective at 102.7 levels.
INTERIM UPDATE (ASIA & EUROPE) – April 8, 2021
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 & ASIA equities. These charts will also be included in the weekly update.
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GLOBAL EQUITY MARKETS – April 3, 2021
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.
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