Equity Asia Weekly Research - 21 Mar 2018

Chart based progressive global trading strategies, Chart Partners

Thomas Schroeder

Chart based progressive global trading strategies

Chart Partners

Chart Partners objective is to discover medium-term cycle turns and profit opportunities before they unfold, within structural trends while preserving capital with clear degrees of risk. We have real return ideas. 

Markets are dynamic and trading systems must reflect this. It is crucial to determine underlying correlations and lead-lag relationships within global markets and the impact on linked instruments. Our weekly Chartonics product gives you short-term trading strategies that can be applied within the medium and longer term macro trends that are mapped out in our strategy updates. 

Our methodology fuses global market variables and isolates drivers in trends. We specialize in FX, index trade in NY and Asia with a focus on Asian stocks. 

Technical Analysis

<p>We liked CNOOC back at the 8.40-50 level but failed to reach our ideal 8.20 buy point. Oil bottomed in line with our call back in June but CNOOC lagged until recently, showing much better upside momentum as it pushes through pattern resistance to challenge the bigger barriers outlined in the daily chart.</p><p>Upside energy stems from the bullish breakout of the mature descending wedge that formed from late 2016. We just started to breakout of this contracting range in September. We did turn bullish on…</p>

We liked CNOOC back at the 8.40-50 level but failed to reach our ideal 8.20 buy point. Oil bottomed in line with our call back in June but CNOOC lagged until recently, showing much better upside momentum as it pushes through pattern resistance to challenge the bigger barriers outlined in the daily chart.Upside energy stems from the bullish breakout of the mature descending wedge that formed from late 2016. We just started to breakout of this contracting range in September. We did turn bullish on…

CNOOC Ltd

CNOOC Bull Breakout