Crown Resorts (CWN AU): And Blackstone (Almost) Has It; Index Implications

Asia-Pac Weekly Risk Arb Summary: Crown Resorts, GJ Steel, Western Areas, Aussie Pharma, DTAC/True

Crown Resorts Enters a SID with Blackstone

Gravity Works As WeWork Doesn't; Now Plan B

Bifurcated Chinese Express Market Developing

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

<ul>
<li>Crown resorts displays a clear sell top zone near 13.00-50 that will induce a tactical rejection to short. On pullback we see a buying opportunity.</li>
<li>Rising price wedge is ultimately bearish. RSI bear divergence warns of a weakening rise (not confirming new price highs on weaker bull momentum).</li>
<li>Initial pullback support at 11. Higher conviction buy level at the 10 support where price and trend meet.</li>
</ul>


Crown resorts displays a clear sell top zone near 13.00-50 that will induce a tactical rejection to short. On pullback we see a buying opportunity.
Rising price wedge is ultimately bearish. RSI bear divergence warns of a weakening rise (not confirming new price highs on weaker bull momentum).
Initial pullback support at 11. Higher conviction buy level at the 10 support where price and trend meet.


Crown Resorts

Crown Resorts 13.50 Top Barrier