Property Grid Introduces Pruksa and Noble

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/noble-development-pcl" target="_blank" rel="noopener" data-smartkarma-citation="entities:13111:1">Noble Development (NOBLE TB)</a> recent upside price action exhibits corrective characteristics in the form of an a-b-c bounce with the key trend remaining down, however the next low will complete a cycle low/sequence as the decline is extended on many counts but volumes remain challenging.The break of trend support at 17 now acts as backswing resistance that is being rejection in a counter trend bounce sequence. This rising line is now fresh resistance in a future rally cycle with runs near 18 currently.Congestion support comes in at 15 and 14 as a zone to begin to accumulate with ideal projection at 12.80 making the 13 zone a higher conviction buy area. Keep an eye on volumes on the way down and into a base for improving signals for buy confidence.Upside hurdles on a future up cycle are outlined that acted as previous support levels.

Noble Development (NOBLE TB) recent upside price action exhibits corrective characteristics in the form of an a-b-c bounce with the key trend remaining down, however the next low will complete a cycle low/sequence as the decline is extended on many counts but volumes remain challenging.The break of trend support at 17 now acts as backswing resistance that is being rejection in a counter trend bounce sequence. This rising line is now fresh resistance in a future rally cycle with runs near 18 currently.Congestion support comes in at 15 and 14 as a zone to begin to accumulate with ideal projection at 12.80 making the 13 zone a higher conviction buy area. Keep an eye on volumes on the way down and into a base for improving signals for buy confidence.Upside hurdles on a future up cycle are outlined that acted as previous support levels.

Noble Development Base Support with Volume Concerns