Posts

ERSTE GROUP BANK AG (ERST.VI)

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 14 month-long Head and Shoulder top reversal on the Eastern European financial services company ERSTE GROUP, featured under the watchlist. In the second part of the blog post I discuss what I regard as text book H&S top chart pattern and their qualities.

Read More

GLOBAL EQUITY MARKETS – September 15, 2018

REVIEW


The iShares MSCI All Country World Index ETF (ACWI.O) rebounded from its long-term 200-day average and made another attempt to breakout above the upper boundary of its 6 month-long symmetrical triangle. Friday's close was around the upper boundary of the multi-month long sideways consolidation. In the last week of August the ACWI ETF breached the upper boundary but failed to trend higher. Renewed strength can help the iShares MSCI All Country World Index ETF breakout from the 6 month-long symmetrical triangle.

Read More

GLOBAL EQUITY MARKETS – September 8, 2018

REVIEW


Strength in U.S. equities alone was not enough to push the iShares MSCI All Country World Index ETF (ACWI.O) out of its 6 month-long consolidation range. Few days of price action above the chart pattern boundary at 73.9 levels failed to materialize into a strong directional movement. The ETF continues to remain in a range between 70.6 and 73.9 levels. Strong support stands at 70.6 levels.

Read More

GLOBAL EQUITY MARKETS – August 18, 2018

REVIEW


Global Equity Markets continue to remain in a range. The iShares MSCI All Country World Index ETF (ACWI.O) is possibly forming a 6 month-long symmetrical triangle with the upper boundary acting as resistance at 74 and the lower boundary as support at 70.5 levels. Breakout from this lengthy consolidation range will result in a directional move.

Read More

GLOBAL EQUITY MARKETS – August 11, 2018

REVIEW


A well-defined consolidation range can offer trading opportunity between the boundaries. Since the beginning of the year Global Equity Markets performance has been muted. The iShares MSCI All Country World Index ETF (ACWI.O) formed a possible symmetrical triangle with the upper boundary acting as resistance at 74 levels and the lower boundary as support at 70.5 levels. This week the ACWI ETF reversed from the strong resistance at 74 levels. Price chart suggests further consolidation in a range. A decisive breakout above 74 or below 70.5 levels will possibly complete the multi-month long consolidation and result in a directional move.

Read More