Buy Chalco for a Trade on Stronger Aluminum Prices

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

Aluminum Corporation Of China / Technical Analysis

<p>Chalco is sliding into a better support zone for a fresh long re set. Our last long attempt to ride Chalco higher resulting in getting stopped out at 4.10. After gapping lower Chalco has drifted lower while reaching for the sub 4.0 area where we become interested on the long side again.</p><p>Aluminum has cracked minor wedge support and faded from backswing resistance that sets a weaker tone to slide back to the sub 150 area with 145 very interesting buy support. Risk likes with not reaching the ideal…</p>

Chalco is sliding into a better support zone for a fresh long re set. Our last long attempt to ride Chalco higher resulting in getting stopped out at 4.10. After gapping lower Chalco has drifted lower while reaching for the sub 4.0 area where we become interested on the long side again.Aluminum has cracked minor wedge support and faded from backswing resistance that sets a weaker tone to slide back to the sub 150 area with 145 very interesting buy support. Risk likes with not reaching the ideal…

Chalco Lower Wedge Support for a Fresh Try