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KB Financial Placement - An Expected Sale in a Favorable Macro Environment

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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

<p><a href="https://www.smartkarma.com/entities/718" target="_blank" data-smartkarma-citation="entities:718:1">Kb Financial Group (105560 KS)</a> is completing the final stages of a bullish wedge formation that exhibits a better than 70% probability of breaking higher once we base near downside projection. Macro cycle remains positive above 43,000 pivot support with the stage set for an eventual new high above 69,000.</p><p>Assuming we see final stages of weakness in Korea and the regional cycle into September we see a buying opportunity set-up for KB Financial with risk levels and target hurdles on the way up. Rally objective outlines at 20% rise but if we clear secondary hurdles we see further upside potential.</p>

Kb Financial Group (105560 KS) is completing the final stages of a bullish wedge formation that exhibits a better than 70% probability of breaking higher once we base near downside projection. Macro cycle remains positive above 43,000 pivot support with the stage set for an eventual new high above 69,000.Assuming we see final stages of weakness in Korea and the regional cycle into September we see a buying opportunity set-up for KB Financial with risk levels and target hurdles on the way up. Rally objective outlines at 20% rise but if we clear secondary hurdles we see further upside potential.

KB Financial

KB Financial Set for 20% Rise