WH Group Post-Tender Outlook - Index Selldown and Back-End Trading/Valuations

Last Week in Event SPACE: BHP, WH Group, Beijing Capital Land, China Life, Macau Gaming Concessions

WH Group - Stock Plummets as Ousted Son Drags Pigs Into The Mud

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/wh-group-ltd" target="_blank" data-smartkarma-citation="entities:13200:1" rel="noopener">WH Group (288 HK)  </a>shows some downside pressure to re test key support lows that will set up a value long play but needs to hold 5.28. Overhead resistance will provide headwinds at 6.70-90.Big flat bottomed range formation from 2019 shows increasing pressure to the downside.6.70/90 is near term resistance that will cap a recovery attempt. Short sellers should focus on this area.5.93 is pivot support to crack.MACD bull wedge is constructive but needs more time to full mature with buy support outlined.Buying a washout low tied to the 2018 low holding.

WH Group (288 HK)  shows some downside pressure to re test key support lows that will set up a value long play but needs to hold 5.28. Overhead resistance will provide headwinds at 6.70-90.Big flat bottomed range formation from 2019 shows increasing pressure to the downside.6.70/90 is near term resistance that will cap a recovery attempt. Short sellers should focus on this area.5.93 is pivot support to crack.MACD bull wedge is constructive but needs more time to full mature with buy support outlined.Buying a washout low tied to the 2018 low holding.

WH Group

WH Group Low Re Test