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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/tencent-holdings-ltd" target="_blank" data-smartkarma-citation="entities:26:1" rel="noopener">Tencent Holdings (700 HK)</a> met our 620 rally projection target and now faces a pullback to test trendline support at 550 where a bonce is due. Downside pressure may then reach for the 505 lower wave 4 support.Strength toward the 620 target is an opportunity to reduce long exposure as bear divergence will weigh on strength into a bounce attempt.Bear divergence (indicator non confirmation of new price highs) warns of a weaker underlying posture for Tencent.Macro remains bullish once a 38% or 50% correction is complete.

Tencent Holdings (700 HK) met our 620 rally projection target and now faces a pullback to test trendline support at 550 where a bonce is due. Downside pressure may then reach for the 505 lower wave 4 support.Strength toward the 620 target is an opportunity to reduce long exposure as bear divergence will weigh on strength into a bounce attempt.Bear divergence (indicator non confirmation of new price highs) warns of a weaker underlying posture for Tencent.Macro remains bullish once a 38% or 50% correction is complete.

Tencent Reduce, Pullback and Buy Support Levels