Oriental Watch: Remains Cheap at 0.6x P/B; 2.9x Ex-Cash P/E; 9.3% Div Yield & Cash Is 71% of Mkt Cap

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Oriental Watch: +55% in Last 5 Months; Several Data Points Suggest More Upside Ahead

Oriental Watch Bullish Resolution and Action Points

Oriental Watch: 0.45x Book, 2x 2018 Ex-Cash P/E, 78% of Mkt Cap Is Cash; 10% Dividend Likely in 2018

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>The breakout higher in Oriental Watch is now approaching our original 3.08 macro target outlined in our insight <a href="https://www.smartkarma.com/insights/oriental-watch-bullish-resolution-and-action-points" target="_blank" data-smartkarma-citation="insights:16291">Oriental Watch Bullish Resolution and Action Points</a> where we had a buy in trigger above 1.8272. Today we want to review our target and risk of an overshoot while focusing on overhead physical resistance as well as add some color to future pullback targets after a likely results spike.</p><p>Daily RSI bear divergence is flashing some minor warning signs while trending indicators (MACD) are…</p>

The breakout higher in Oriental Watch is now approaching our original 3.08 macro target outlined in our insight Oriental Watch Bullish Resolution and Action Points where we had a buy in trigger above 1.8272. Today we want to review our target and risk of an overshoot while focusing on overhead physical resistance as well as add some color to future pullback targets after a likely results spike.Daily RSI bear divergence is flashing some minor warning signs while trending indicators (MACD) are…

Oriental Watch Rally Barrier and Fade Levels