On the left we can see a solid bear flag with a breakout AND a successful rejection from the former support. However, when we zoom in on the right, we can see there might be something else going on here. We have a small H&S which seems to be failing already with a good bounce up already. If that red zone breaks it could be a first sign. If the red on the left...
Clearly Celltrion chart is forming rising wedge period. As long as the price is in the trend line the trend is in bullish. But between 50%-70% area is the key that market may shift to other direction. If price bounce at support line with high volume, price would like to go 370000 won. Probably price will have difficult time breaking ATH within short amount of...
EMART is really popular in Korea. You can think of EMART is Korean Style of Walmart. There are always demand of EMART in Korea but chart is not looking very bullish. If Head and Shoulder pattern is confirmed; which price break below the support line, price may touch support of trend line (1300000 - 160000 won). For long term the market will have hard time breaking ATH.
Samsung entered the bear trend. There is not much to say. Today's Korean news reported few positive news about Samsung's revenue. Especially QLED and DDR RAM sales increased tremendously. However the chart clearly shows the market is in middle of bear market. It is best to wait during consolidation period and looking forward to break resistance or support of...
According to RSI, the market has oversold. Potential market could bounce. Potential hit 12000 won. If price can not hold 9300, price could fall to 6900 won. p.s. risk management is the key.
Clearly shows H&S, and personally think the market has shifted to bear market. Could potential bounce at the support area. Could price drop to 75000 - 84000 won.
It is time to wait and see what happens next. RSI shows low point which means the market has over sold. On top of that, the price is about to touch the support line. If market can hold the current price, we could potentially see bounce. It is the best to wait and get the confirmation instead of guessing for the next move.
A B C area have heavy rejection from 50% of trending area. Current situation have potential hit the support line area; which is 260000 won. Once price hit support line, make sure check if price is bouncing with high volume to confirm your entering position.
Clearly shows Head & Shoulder pattern. With fib measurement 0.236 area perfectly meets with strong support area. If price can not hold the current area, we may see price drop to 37000 won. In worst case, aggressive drop would be 22000 won.
Look at how regulated markets that only operate for 6.5 hours a day are destroying wealth. Bitcoin is steady as a rock. There will soon be a flippening where money from global stock markets enter bitcoin.
Symmetrical wedge implies a continuation pattern with upside resolution. But fundamentals are bearish for Korea, including declining global trade, domestic political turmoil, U.S. protectionism, and the global dollar shortage. Neutral until wedge breakout is confirmed.
Agro business in the late summer and early autumn brings a profit , can also be observed in the technical analysis the manifestation of the double bottom .
The Korea KOSPI Index (Kospi) Daily Diagram Technical Analysis Training shows the following: The KOSPI index has declined more and now is under the KUMO. MACD is bearish and RSI is entering oversold levels. So the first think in mind is that KOSPI will test the 1954 support. There is no special candlestick pattern. The index is under the Tenkan Sen and Kijun...
The Korea KOSPI Index (Kospi) Daily Diagram Technical Analysis Training shows the following: The KOSPI index has declined more and now is into the KUMO. The weekly diagram is turning bearish. So the first think in mind is that KOSPI is into the KUMO with neutral behavior now. MACD is bearish and RSI too. There is no special candlestick pattern. The index is...
The Korea KOSPI Index (Kospi) Daily Diagram Technical Analysis Training shows the following: The KOSPI index has declined last week from 2084 local top three times now breaking the support line. The monthly diagram is bullish breaching its own asceding triangle and the weekly diagram is bullish too. So the first think in mind is that KOSPI is asking support...
The Korea KOSPI Index (Kospi) Daily Diagram Technical Analysis Training shows the following: The KOSPI index has declined last week from 2081 local top three times now but it made lower lows. The monthly diagram is bullish breaching its own asceding triangle and the weekly diagram is bullish too. So the first think in mind is that KOSPI is ready to breach the...