Transfer of Rechargeable Batteries Modules & Packs Business from LG Electronics to LG Chem?

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/lg-electronics-inc" target="_blank" rel="noopener" data-smartkarma-citation="entities:8814:1">LG Electronics (066570 KS)</a> has been on our bear list from early 2019 at the topside of the macro rising wedge. Game plan is still to sell rallies and LGE is now nudging up against key resistance near 59k (old floor support) that is expected to cap strength and induce a fresh down leg to close the March 25 upside gap.A rising overlapping formation shows distribution with the rise off of the March low a counter trend bounce within the larger degree bear cycle.MACD turn resistance is a compelling sell signal.

LG Electronics (066570 KS) has been on our bear list from early 2019 at the topside of the macro rising wedge. Game plan is still to sell rallies and LGE is now nudging up against key resistance near 59k (old floor support) that is expected to cap strength and induce a fresh down leg to close the March 25 upside gap.A rising overlapping formation shows distribution with the rise off of the March low a counter trend bounce within the larger degree bear cycle.MACD turn resistance is a compelling sell signal.

LG Electronics

LG Electronics Sell/Short Barrier