Technical Analysis / Chartered Market Technician, The Markets Academy

David Coloretti, CMT

David Coloretti is a Chartered Market Technician (CMT) and a full member of the Market Technicians Association of New York. David is the Managing Director of The Markets Academy Pty Ltd (TMA), an independent research firm based in Australia.

TMA delivers a technical analysis / strategy subscription service in G10 and Asian financial markets, primarily to Asia's leading hedge funds and banks. Technical analysis of individual stocks and Cryptocurrency markets is delivered exclusively via SmartKarma. 

TMA implements 2 strategies. 1) Tactical ... Trend Sustainability Score (TSS) allows TMA to identify exhaustion / reversal points in interim trends by utilising our proprietary analysis of ST momentum indicators. 2) Medium Term ... our 3 Pillars approach to technical analysis allows TMA to determine high probability medium term outcomes in markets.

David's career spans 30+ years as a technical analyst across senior trading, sales and strategy roles. Prior to establishing TMA in 2013, David worked for BP, Credit Suisse, Citi, Barcap and RBS in Australia and Singapore.

The Markets Academy Pty Ltd is regulated by the Australian Securities and Investments Commission and holds an Australian Financial Services License (AFSL 431904).

Technical Analysis / Chartered Market Technician

The Markets Academy

TMA implements 2 strategies. 1) Tactical ... Trend Sustainability Score (TSS) allows TMA to identify exhaustion / reversal points in interim trends by utilising our proprietary analysis of ST momentum indicators. 2) Medium Term ... our 3 Pillars approach to technical analysis allows TMA to determine high probability medium term outcomes in markets.

Technical Analysis

China Coal Energy Co H / Technical Analysis

Following on from our bullish outlook for China Shenhua Energy Co Ltd (1088) on 11 July 2016 we have seen 5.7% gains in this security. <a href="https://www.smartkarma.com/profiles/342" target="_blank" data-smartkarma-citation="accounts:342">Douglas Kim</a> suggest we look at some competitors in this sector to confirm whether this bullish outlook is sector wide. Our conclusion is that this bullish outlook is not only limited to China Shenhua Energy Co Ltd. In this note we analyse the outlook for China Coal Energy Co Ltd (1898).Technical Analysis View on China Coal Energy Co Ltd: 2016 has produced a material uptrend that holds solid structure, typical of a sustainable multi-month uptrend. A historically significant LT momentum upswing implies that this uptrend is in its early stages. Initially we target a test of the upper monthly Bollinger band at 5.25 (+17%) in the next 3 to 6 months.Price Action: The interim uptrend of 2016 is the most material upswing since 2012/13. Consistent higher highs / higher lows provide structure that is typical of a sustainable MT uptrend. Since 2009 corrective rallies have been capped by the upper monthly Bollinger band. We again target a test of the upper monthly Bollinger band at 5.25.Momentum: LT momentum failed to make a new lows with price at the LT downtrend low of 2016. This is typical of a major MT/LT low. The subsequent positive LT momentum shift is the most impulsive positive shift since 2007 and justifies a material positive correction / reversal.

Following on from our bullish outlook for China Shenhua Energy Co Ltd (1088) on 11 July 2016 we have seen 5.7% gains in this security. Douglas Kim suggest we look at some competitors in this sector to confirm whether this bullish outlook is sector wide. Our conclusion is that this bullish outlook is not only limited to China Shenhua Energy Co Ltd. In this note we analyse the outlook for China Coal Energy Co Ltd (1898).Technical Analysis View on China Coal Energy Co Ltd: 2016 has produced a material uptrend that holds solid structure, typical of a sustainable multi-month uptrend. A historically significant LT momentum upswing implies that this uptrend is in its early stages. Initially we target a test of the upper monthly Bollinger band at 5.25 (+17%) in the next 3 to 6 months.Price Action: The interim uptrend of 2016 is the most material upswing since 2012/13. Consistent higher highs / higher lows provide structure that is typical of a sustainable MT uptrend. Since 2009 corrective rallies have been capped by the upper monthly Bollinger band. We again target a test of the upper monthly Bollinger band at 5.25.Momentum: LT momentum failed to make a new lows with price at the LT downtrend low of 2016. This is typical of a major MT/LT low. The subsequent positive LT momentum shift is the most impulsive positive shift since 2007 and justifies a material positive correction / reversal.

China Coal Energy Co Ltd: Uptrend Holds Material Upside Potential