Posts

GLOBAL EQUITY MARKETS – December 22, 2018

/2 Comments/in /by

REVIEW

Global equity markets performance as measured by the iShares MSCI All Country World Index ETF (ACWI.O) broke down the 3 month-long sideways consolidation by breaching the support at 66.3 levels. Breakdown was followed by a sharp drop towards the next support level at 63 levels. Nothing good happens below the 200-day moving average. Back in October the long-term trend following indicator alerted us to the change in trend. Previous support becomes the new resistance. 66.3 levels will act as short-term resistance if markets experience any rebound. In the short-term, there is no chart pattern that would signal a trend reversal.

Read More

GLOBAL EQUITY MARKETS – December 15, 2018

/0 Comments/in /by

Announcement:

Dear Tech Charts members,

We have included a new feature to Tech Charts website. At the bottom of each report we have incorporated comment platform DISQUS. Previous comment platform was not allowing members to post charts and have discussions. With this improvement, I hope to have detailed discussions with our members and possibly post breakout alerts related to each week's report. I also hope that Tech Charts members will be able to interact with each other through the DISQUS platform (at the bottom of each weekly report) to share their knowledge on different instruments available to take advantage of breakout opportunities. I hope we will all benefit from this new feature.

REVIEW

Global equity markets performance as measured by the iShares MSCI All Country World Index ETF (ACWI.O), formed a new trading range between 66.3 and 71.3 levels. Over the past 3 months the ETF has been consolidating in a wide range below its long-term (200-day) average. Breakdown of the wide 3 month-long consolidation can send the ETF towards the next support level at 63. If the ETF manages to hold above the support at 66.3 levels, we can expect further consolidation between 66.3 and 71.2.

Read More

GLOBAL EQUITY MARKETS – December 8, 2018

/8 Comments/in /by

Announcement: Dear Tech Charts members, We have included a new feature to Tech Charts website. At the bottom of each report we have incorporated comment platform DISQUS. Previous comment platform was not allowing members to post charts and have discussions. With this improvement, I hope to have detailed discussions with our members and possibly post breakout alerts related to each week's report. I also hope that Tech Charts members will be able to interact with each other through the DISQUS platform (at the bottom of each weekly report) to share their knowledge on different instruments available to take advantage of breakout opportunities. I hope we will all benefit from this new feature.

REVIEW

Global equity markets performance as measured by the iShares MSCI All Country World Index ETF (ACWI.O) reversed from its long-term moving average resistance at 71.3 levels. In the beginning of October the index broke down its 7 month-long consolidation and the 200-day moving average. Since then the ETF has challenged the strong resistance area between 71 and 71.5 levels but failed to breach higher. This week's sell-off pulled the ACWI ETF towards the minor support at 66.5 levels. Failure to hold above the short-term support can send the index to the next level at 63 levels. The iShares MSCI All Country World Index ETF is trading below its long-term average and is in a downtrend.

Read More

GLOBAL EQUITY MARKETS – November 17, 2018

/0 Comments/in /by

REVIEW

The benchmark for the Global Equity Markets performance, iShares MSCI All Country World Index ETF (ACWI.O) is trading below its long-term (200-day) average. Last one month's price action formed choppy and sideways consolidation. Earlier the ACWI ETF broke down its multi-month-long consolidation and ended a low volatility period. Volatility is cyclical. Low volatility begets high volatility and vice versa. Currently the ETF is consolidating its earlier sharp price decline from 75 to 66 levels. Strong resistance area is between 71 and 71.6 levels. Long-term support stands at 63 levels.

Read More

GLOBAL EQUITY MARKETS – November 10, 2018

/0 Comments/in /by

REVIEW

The iShares MSCI All Country World Index ETF (ACWI.O) found resistance at the long-term 200-day (40-week) moving average. Last two week's price action can be a pullback to the broken support levels between 71 and 71.8. Until I see a recovery above the 200-day average, I will expect the choppy downward price action to resume. Global equities are likely to move in a wide trading range in the following weeks. Strong resistance area stands between 71 and 71.8 levels.

Read More

GLOBAL EQUITY MARKETS – November 3, 2018

/0 Comments/in /by

REVIEW

Strong rebound on the iShares MSCI All Country World Index ETF pulled the price back to February lows. Strong resistance area stands between 70 and 71.8 levels. After a sharp drop and increase in volatility, we should expect more choppy price action resulting in a short-term consolidation. There is no chart pattern development that would suggest a short-term bottom at this stage. The ACWI ETF is trading below its long-term average.

Read More

FIAT CHRYSLER AUTOMOBILES NV (FCHA.MI)

/0 Comments/in /by

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 a year-long Head and Shoulder top on Fiat Chrysler Automobiles N.V. listed on the Milan Stock Exchange.

FIAT CHRYSLER AUTOMOBILES NV (FCHA.MI)

Fiat Chrysler Automobiles N.V. is engaged in designing, engineering, manufacturing, distributing and selling vehicles. The stock is listed on the Milan Stock Exchange. Price chart formed a year-long head and shoulder top with the horizontal boundary (neckline) acting as strong support at 13.8 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close below 13.4 levels will confirm the breakdown from the year-long head and shoulder top with the possible chart pattern price target of 9.75 levels.

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 20, 2018

/4 Comments/in /by

REVIEW

The iShares MSCI All Country World Index ETF (ACWI.O) is trying to hold above February 2018 lows. After reversing from the horizontal resistance at 74.8, the ETF fell below its long-term average and currently is trading below the 200-day average. This week's candlestick was a "doji". It shows that price found short-term support. Failure to hold above February lows can send the ETF towards the next strong support area at 63 levels.

Read More