A HEALTHY NEW YEAR
You don’t have access to view this content.
A HEALTHY NEW YEAR
We always include in our wishes “health” but sometimes we take it for granted. 2020 has been one of those years that we have realized that nothing should be taken for granted. I hope you and your families have been safe & healthy during these difficult times. I wish everyone a HEALTHY new year with great success and accomplishments. I’m thankful to all of you for your feedback and support that helps me to improve the service here at Tech Charts. I will continue to be of your assistance.
Kind regards,
Aksel Kibar, CMT
I’ve been covering several Global equity benchmarks in the Global Equity Markets report. One of those extremely bullish setups is taking place in China SSE Composite Index and also the other sub-indices in China. 2021 can start with a positive note for China equities and as a result for Emerging Markets.
The chart below shows the China SSE Composite Index (larger universe for China equities). The index possibly formed a well-defined rectangle chart pattern with the upper boundary acting as resistance at 3,460 levels. Breakout can push the index towards the price objective at 3,725 levels. This week’s price action once again tested the upper boundary of the well-defined rectangle. Strong price action can be analyzed as positive and possibly a preparation for a breakout higher.
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.
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.
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.
DASSAULT SYSTEMES – RECTANGLE
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 Dassault Systemes listed on the Paris Stock Exchange.
DASSAULT SYSTEMES SE (DAST.PA)
Dassault Systemes SE is a France-based software company, which provides different kind of three-dimensional (3D) solutions. The stock is listed on the Paris Stock Exchange. Price chart formed a 5 month-long rectangle with the horizontal boundary acting as strong resistance at 162.80 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 165.30 levels will confirm the breakout from the 5 month-long rectangle with the possible chart pattern price target of 181.0 levels. Breakout can push the stock to all-time highs. (Data as of 23/12/2020)
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.
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.
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.
ITB – ISHARES HOME CONSTRUCTION ETF
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 The ISHARES US HOME CONSTRUCTION ETF listed on the New York Stock Exchange. The ETF might be forming a H&S top failure. Below you will also find a short educational video on how H&S top failure can develop, trigger a fresh buy signal and how to measure price objective.
ISHARES US HOME CONSTRUCTION ETF (ITB)
The ISHARES US HOME CONSTRUCTION ETF seeks to track the investment results of the Dow Jones US Select Home Construction Index composed of US equities in the home construction sector. The Fund generally invests at least 90% of its assets in securities of the Underlying Index and in depositary receipts representing securities of the Index. The ETF is listed on the New York Stock Exchange. Price chart formed a 4 month-long head and shoulder top with the horizontal boundary acting as strong support at 51.80 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close below 50.25 levels will confirm the breakdown from the 4 month-long head and shoulder top with the possible chart pattern price target of 44.8 levels. I’m also monitoring this chart for a possible H&S top failure. A breach above the high of the right shoulder will negate the H&S top chart pattern. A daily close above 60 levels (3% above the high of right shoulder) can be used as a breakout confirmation to trade the chart pattern from the long side. Price objective for the H&S top failure stands at 67 levels. (Data as of 17/12/2020)
A short educational video on H&S top failures
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.
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.
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.
GLOBAL EQUITY MARKETS – December 12, 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. Breakout took place above 84.15, the upper boundary of the rectangle which is now a short-term support. Possible chart pattern price target stands at 91 levels. 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 79.2 levels. There is no reversal chart pattern on the daily price chart.
RECTANGLE – UNIVAR SOLUTIONS INC (UNVR.K)
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 Univar Solutions Inc. listed on the New York Stock Exchange.
UNIVAR SOLUTIONS INC (UNVR.K)
Univar Solutions Inc., formerly Univar Inc., is a global chemical and ingredient distributor and provider of value-added services. The Company operates through four segments: Univar USA, Univar Canada, Univar Europe and the Middle East and Africa and Latin America. The stock is listed on the New York Stock Exchange. Price chart formed a 6 month-long rectangle with the horizontal boundary acting as strong resistance at 19.00 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 19.60 levels will confirm the breakout from the 6 month-long rectangle with the possible chart pattern price target of 22.3 levels. With tight and lengthy consolidations like these price can reach 2x the price objective. I added the 2x price target which is standing at 25.7 levels. (Data as of 07/12/2020)
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.
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.
Chart Pattern Statistics, H&S continuation and H&S failures – December 2020 Tech Charts Webinar
Chart Pattern Statistics, H&S continuation and H&S failures – December 2020 Tech Charts Webinar
We are continuing our Member webinar series with several important and frequently asked topics. Given that the topics are different concepts in technical analysis/classical charting and trading, each section will have a +/- 10 min presentation followed by Q&A on that section.
Webinar Outline
- Review of chart pattern statistics and discussion on chart pattern reliability / Q&A
- Current market conditions and review of major benchmarks/important chart pattern developments / Q&A
- A frequently asked chart pattern, H&S continuation and review of H&S failures and how to trade them / Q&A
- A typical day for me, the daily routine, selection of markets, review and research tips / Q&A
- Additional Q&A
Live questions from Members
Concept One 2:30
- No Questions
Concept Two 16:45
- I wanted to know more about log scale and how to set targets using it. For instance, I have seen some chartist giving two targets for H&S, one for each scale. 28:44
- Where do you usually set your “stop loss” in the H&S bottom/continuation? Is it the negation level, or do you use other criteria? 30:35
- Do you use the 200 SMA or Exponential & why? Any other moving average you use? 32:11
- Could you provide another example or two for setting the H&S target? Do we measure from the neckline to the bottom of the lowest candle body in the head, or to a wick? 33:31
- Do you always get out of 100% of your trade when it gets to its objective? Or do you switch to a trailing stop? 33:47
Link of interest
Concept Three 34:15
- On the last chart, it didn’t look the H&S pattern had been completed by breaching the neckline, so why is it a H&S failure? (Possibly page 17 or 18.) 49:09
- How did you calculate the H&S failure price target on page 19? 50:21
- In the H&S bottom with NON-Horizontal neckline (neckline with slope), how do you measure the price target? 51:03
- If you wait for the closing price for the breakout signal, how do you decide the trigger price? 51:38
- Are you discounting the validity of vertical necklines against the horizontal ones? 52:35
- How do you handle spindles? By using Stop Close Only orders? 53:28
- If a stocks breaks down and then reverses and goes above the right shoulder, is that a H&S failure? 54:26
Concept Four 55:05
- In this BTC Monthly chart, in the log scale, do you see “Cup & Handle” with a neckline at $13,880? 1:05:00
- How do you look at Netflix now? 1:06:16
- How did you set the target about the sym triangle in slide 30? from the first point? 1:06:53
- Do you ever take any help from any indicator while identifying the chart patterns? 1:07:32
- Please check GH & KO in you have time 1:08:35
- With weekly patterns the chart validation points usually have much wider risk; what % of NAV risk for each position do you use for weekly and what for daily patterns breakouts? 1:08:44
Concept Five 1:11:33
- In the US Marker review, for example, I am assuming you are not going chart by chart and have a certain criteria “as starting point” to pick your charts. Do you mind sharing your criteria (if any)? 1:16:24
- Vacation? 1:17:49
- Can you explain a bit more about how you use volatility to identify possible patterns? I’m not sure how you review so many stocks! 1:18:05
- Do you scan charts by industry? 1:20:14
- Do you enter orders during 1 hour before the close? 1:20:41
- Would you elaborate a bit further about cases that you can open a position intraday, and do you keep stops during weekends? 1:21:20
Additional questions 1:23:44
- The filter I find useful is the MA 18 weekly rather EMA 200 . What do you think about it? 1:23:45
- Could you suggest about position size strategy? 1:24:27
- I know you previously mentioned about sending a report on Chinese stocks. Are you still planning to do so – thanks for all you do. 1:25:17
- Aren’t Keltner channels more useful than Bollinger bands? After all, Keltner is based on ATRs — actual price ranges, not just the moving average close which Bollinger uses? 1:25:42
- Do you think the volume of stocks is relevant for the pattern success ratio? 1:26:31
Link of interest
- Van Tharp’s Definitive Guide to Position Sizing – Van Tharp
Recorded live 12.03.2020
In Association with:
Latest Posts
GLOBAL EQUITY MARKETS – October 10, 2026October 10, 2026 - 8:46 am
GLOBAL EQUITY MARKETS – October 3, 2026October 3, 2026 - 10:08 am
CRYPTOCURRENCIES – September 29, 2026September 29, 2026 - 8:11 am
GLOBAL EQUITY MARKETS – September 26, 2026September 26, 2026 - 10:34 am
As Seen On:
