Renesas – Synergies Outperform and Some Potentially Bad News for Arm

Renesas Placement Update - Doing Much Better than Its past Deals. Could Impact Post-Deal Performance

Renesas Equity Offering - Priced To Go With Index Demand Now and Later

Renesas – Quick Update from Company Call

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

<a href="https://www.smartkarma.com/entities/renesas-electronics-corp" target="_blank" data-smartkarma-citation="entities:15933:1" rel="noopener">Renesas Electronics (6723 JP)</a> has solid support to provide a rally platform at two key levels. The flat congestion range is expected to break higher. In the event we crack support at 1,100 there is secondary support that will hold up the longer term bull cycle.Flat/triangle range is viewed as a bullish set up as long as Renesas holds 1,100 support. RSI drifting lower with as price trades flat is typically a bullish set up (hidden bull divergence).Macro support rests at 800 and if seen would be the ideal buy zone. Macro rally target at 1,840.

Renesas Electronics (6723 JP) has solid support to provide a rally platform at two key levels. The flat congestion range is expected to break higher. In the event we crack support at 1,100 there is secondary support that will hold up the longer term bull cycle.Flat/triangle range is viewed as a bullish set up as long as Renesas holds 1,100 support. RSI drifting lower with as price trades flat is typically a bullish set up (hidden bull divergence).Macro support rests at 800 and if seen would be the ideal buy zone. Macro rally target at 1,840.

Renesas Electronics

Renesas Bull Support and Targets