Morning Views Asia: JSW Steel Ltd, Softbank Group, Tata Steel Ltd

Softbank Group - The Market Is Sending a Message

Softbank – Governance Director Out the Door

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

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/softbank-group-corp" target="_blank" data-smartkarma-citation="entities:315:1" rel="noopener">Softbank Group (9984 JP)</a> denotes some very well defined chart and trades levels for a tactical rise to resistance at the underside of broken trendline and secondary set back that provides another long entry point with more sustainable prospects.Break below trendline a negative and must be mended in due course. We see a tactical long zone at 8,000 for a recovery trade or bounce but one that will run out of steam.External risk stems from global cycle weakness into early June that may visit secondary support in Softbank.The underside of broken trendline, price and topside resistance meet at 9,700/500, representing the forward pivot barrier, rally target and bull breakout zone.

Softbank Group (9984 JP) denotes some very well defined chart and trades levels for a tactical rise to resistance at the underside of broken trendline and secondary set back that provides another long entry point with more sustainable prospects.Break below trendline a negative and must be mended in due course. We see a tactical long zone at 8,000 for a recovery trade or bounce but one that will run out of steam.External risk stems from global cycle weakness into early June that may visit secondary support in Softbank.The underside of broken trendline, price and topside resistance meet at 9,700/500, representing the forward pivot barrier, rally target and bull breakout zone.

Softbank Tactical Bounce, Short, Then Secondary Buy Level