GLOBAL EQUITY MARKETS – December 26, 2020
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) continues to remain in an uptrend after completing a rectangle chart pattern. Possible chart pattern price target stands at 91 levels. On the weekly scale price chart the ETF is also close to the upper boundary of the long-term uptrend channel. During any pullback 84.15 will act as support. The 200-day moving average, which I utilize as a trend filter, is rising as well, now at 80.1 levels.
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GLOBAL EQUITY MARKETS – December 19, 2020
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) resumed its uptrend after completing a rectangle chart pattern. Possible chart pattern price target stands at 91 levels. This week's price action came close to the price objective. On the weekly scale price chart the ETF is also close to the upper boundary of the long-term uptrend channel. During any pullback 84.15 will act as support. The 200-day moving average, which I utilize as a trend filter, is rising as well, now at 79.7 levels.
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INTERIM UPDATE – December 16, 2020
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 latest additions to Tech Charts watchlist in case they experience breakouts during the week. These charts will also be included in the weekly update.
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