Macro & Asian equity Technical Strategies, BBSP Asia

Federico D'Inca

Macro & Asian equity Technical Strategies

BBSP Asia

Technical Analysis

<figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/025/899/original/BBSP%20Japan%20Tobacco%20trailing%20stop.JPG?1494556763" class="editor-image img-responsive" data-smartkarma-image-id="25899"></figure><div class="content-caption">BBSP Japan Tobacco - trailing stop (12 05 2017)</div><p>At least +7.5% to the first target. Year-end target expected at 4800 (+23% from today)</p><p>Initial analysis (14/03/2017)</p><p>Bullish above 3600</p><table class="table table-striped"><tbody><tr><td>
<div id="dtd_titreCas1_pre"><strong>Preferred case:</strong></div>
<div id="dtd_titreCas1_suf"><strong>Bullish</strong></div>
<ul><li>
<strong>3600</strong> support, rise expected to <strong>4195</strong>, even <strong>4800</strong>.</li></ul>
</td></tr></tbody></table><div id="dtd_kelTitre">Key elements on a weekly basis:</div><ul>
<li>Bullish breakout of descending resistance line (wedge pattern).</li>
<li>weekly RSI held on support where the stock bounced in the past and also surpassed a descending resistance at 50% - key breakout to complete 1-year corrective…</li>
</ul>

BBSP Japan Tobacco - trailing stop (12 05 2017)At least +7.5% to the first target. Year-end target expected at 4800 (+23% from today)Initial analysis (14/03/2017)Bullish above 3600
Preferred case:
Bullish

3600 support, rise expected to 4195, even 4800.
Key elements on a weekly basis:
Bullish breakout of descending resistance line (wedge pattern).
weekly RSI held on support where the stock bounced in the past and also surpassed a descending resistance at 50% - key breakout to complete 1-year corrective…


Japan Tobacco - Rise in Progress to Min Target 4195 (Year-End Target 4800).Trailing Stop at 3700.