Koreastockmarket
KAKAOHELLO GUYS THIS MY IDEA 💡ABOUT 035720 is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the Seller from this area will be defend this SHORT position..
and when the price come back to this area, strong SELLER will be push down the market again..
DOWNTREND + Support from the past + Strong volume area is my mainly reason for this short trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
KAKAOHELLO GUYS THIS MY IDEA 💡ABOUT KAKAO 035720 is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the buyers from this area will be defend this LONG position..
and when the price come back to this area, strong buyers will be push up the market again..
UP TREND + Resistance from the past + Strong volume area is my mainly reason for this long trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
KAKAOHELLO GUYS THIS MY IDEA 💡ABOUT KAKAO 035720 is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the Seller from this area will be defend this SHORT position..
and when the price come back to this area, strong SELLER will be push down the market again..
DOWNTREND + Support from the past + Strong volume area is my mainly reason for this short trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
Bullish on KRWI'm bullish on Korean Won for having one of the most advanced semiconductor and tech manufacturing industries in the world. This includes: the highest quality semiconductor production from the likes of Samsung, Oled, and MicroLED panel production from LGD/Samsung, Battery production from LG Chem, EV production Hyundai etc... Exports are going to grow in the coming years through these avenues increasing the value of the won, I think, dramatically.
tl;dr: Bullish of Korean Won and Korean Equities
ridethepig | KOSPI for the Yearly Close📌 The beauty of Korea is revealing itself right on time... the breakout is difficult to maintain as can be seen on the yearly close, the slingshot which turned out to a correct play for buyers has unlocked the potential for a major rally in 2021. Capital has its eyes on Korea (and a few others) for the advantage in its currency (KRW) and economic mobility across the continent.
For different reasons to India, but with well placed influence, Korea has the chance to really outperform in the next decade. EM Equities and currencies are going to provide a lot of opportunities for 2020:
With that recognition behind us, I am going to be spending a lot more time in Asia for this chapter in the economic cycle. From 2020 - 2030 we are going to see a the great migration of capital from West to East. The ability for KOSPI to break 2,600 is showing how flexible the bid really is into the year close. We also have to take note of the differentiation of outside candles on the yearly:
Here deploying capital to Korea for a strong move in 2021, though it involves some understanding of the relevant sectors (we will dig deeper into some single stock opportunities and sectors later in the month so start to prepare your charts).
Thanks as usual for keeping the feedback coming 👍 or 👎
005930, Samsung Elec. - Trailing StopKRX:005930
Technical analysis does not depend on the market, it does not depend on the historical era, it does not depend on any kind of factor other than human emotions that are always repeated on the basis of fear and greed.
That's why we often find very similar patterns, that if exploited in a systematic way, you can accumulate wealth over time.
Then we for an ethical factor, we always decide to enter Long, then to favor the economy of the stock market.
Good trading to all
KOSPI: 1W Death Cross confirms bottom. Long term Buy OpportunityThe Korea Composite Stock Price Index is currently on a 5 week bullish streak (5 green 1W candles in a row) approaching the overbought zone on 1D (RSI = 70.924).
The important development on the 1W chart though has been the Death Cross formation (MA50 below MA200) earlier this June. This is generally a bearish signal but last time that happened in February 2009 during the Global Subprime Crisis, it signaled the market of the bottom and the start of the new multi year bull cycle.
As such we are interpreting this pattern as bullish signalling the bottom of the bear cycle that started with the January 2018 All Time High. This 5 week bullish streak may be the early signal to tell us that we are gradually starting the new bull cycle. Despite this bullish run, 1W remains only neutral (RSI = 50.334, STOCH = 46.185, CCI = 30.0297) indicating that the upside potential is significant.
We are long on this market aiming initially at the previous market high at 2,600.
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KOSPI is still in down trend. KOSPI is still in down trend.
KOSPI is still downtrend since Jan. 2018.
It is now try to go up after touching the 2000 strong support line.
In the view of long time frame, it is almost converged so that it is going to show its direction soon.
Indicators says:
MACD shows dead cross and fail to break zero so that it shows downtrend.
However, the RSI is getting higher and supported by the bottom line, so that we can consider the situation that it can break its downtrend.
For safe entry, we can enter after it breaks the downtrend with support of 2000 resistance line.
LONG $IONI @ $.16 - I-ON Communication Corp UpsideTechnical Analysis:
- Potential Double Bottom price support at $.15 from 2/15/19.
- Extremely Oversold on weekly/monthly timeframes.
- Daily/Weekly RSI and MACD turning up while prices are moving lower, conveying negative divergence and potential trend reversal.
- Prices breaking above short-term daily moving averages (10dayEMA and 21daySMA @ $.24).
Fundamental Analysis:
- Price to book ratio <1 conveys undervaluation: I-ON Communications current stock price is $0.16 and Book Value per Share for the quarter that ended in Sep. 2018 was $0.17, therefore I-ON Communications Corp's P/B Ratio is 0.95. This conveys undervaluation by that I-ON's assets ($6 Million) are worth more than the current market cap of the company (5 Million).
- Price to sales ratio <1 conveys undervaluation as most high growth emerging technology companies trade at a 4-5x revenue multiple.
- Domestic market share leader and one of few technology or software companies to emanate out of South Korea and conduct a US listing directly onto the OTCQX.
- Multiple patent-backed enterprise products and solutions at market with blue-chip clientele across South Korea and Japan (100s of clients).
- Room for significant gross and operating margin improvement via sales mix improvements including more licensing and SaaS contribution.
- First mover advantage playing into several attractive high growth industries, including sports software, energy IoT, as well as cloud-based CMS and SaaS solutions conveying revenue stream diversity.