Nikkei 225 Index Rebalance - Nexon Replaces FamilyMart

Updates on Nexon and Mobile Game Market in 3Q20

Familymart Delisting and Its Nikkei 225 Replacement Is Nexon (3659)

Gravity Works As WeWork Doesn't; Now Plan B

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/nexon-co-ltd" target="_blank" data-smartkarma-citation="entities:16032:1" rel="noopener">Nexon (3659 JP)</a> has registered a bullish gap out of triangulation and supports a push to a new high. Buy support is within the gap zone laying out a bullish near term cycle into what we view as overhead exhaustion near the 3,200 or 3,380 projection zone and that will be followed by an intermediate correction. We like buying near term weakness.</p><p>MACD is coiled for a rally but not expected to confirm a new wave five high for a case of bear divergence that will set the stage for an intermediate corrective cycle toward fresh buy support near 2,300.</p>

Nexon (3659 JP) has registered a bullish gap out of triangulation and supports a push to a new high. Buy support is within the gap zone laying out a bullish near term cycle into what we view as overhead exhaustion near the 3,200 or 3,380 projection zone and that will be followed by an intermediate correction. We like buying near term weakness.MACD is coiled for a rally but not expected to confirm a new wave five high for a case of bear divergence that will set the stage for an intermediate corrective cycle toward fresh buy support near 2,300.

Nexon

Nexon Tactical Buy into Exhaustive Zone