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Samsungelectrics

Support zone: Around 67300-70700Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (Samsung Electronics 1M chart) The area around 70700 is likely to complete the 'M' pattern and turn into a downtrend. Therefore, whether there is support around 70700 is an important issue. (1W chart) The important zones on the 1W chart are around 77500 and 57400. Therefore, the key is whether the price can be maintained above 77500 when it rises with support near 70700 as mentioned on the 1M chart. If not, and it falls near 70700, there is a possibility that it will fall to around 57400. Since the 57400 point is the HA-Low indicator point on the 1D chart, there is a possibility that the HA-Low indicator will be newly created as the price falls. Therefore, if the HA-Low indicator is newly created, whether there is support near that area will be an important issue. (1D chart) The important sections on the 1W chart are around 84300 and 67300. Accordingly, we can see that the area around 67300-70700 is the support area. If it is supported near the support zone and rises, 1st: 77500-79400 2nd: 84300 The 1st and 2nd zones above are short-term resistance zones. However, if it is confirmed that it is supported in this resistance zone, there is a possibility that it will update the previous latest high. The fact that the HA-Low indicator was created means that a high point zone has been formed. Therefore, since the HA-Low indicator on the 1D chart was created at the 84300 point, it is a high point zone. Therefore, in order for a full-scale uptrend to begin, the price must be maintained above the HA-High indicator. If the HA-Low indicator is created, it means that a low point zone has been formed. Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will begin when it rises above 29K. The next expected range to touch is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 13401.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points that are likely to receive resistance in the future. We need to check if these points can be broken upward. We need to check the movement when this range is touched because it is thought that a new trend can be created in the overshooting range. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
KRX:005930
by readCrypto
Macro Monday 48 – The Specialists, South Korea Macro Monday 48 – The Specialists, South Korea Apologies for the delay in this weeks release South Korea appears to be an economy that is taking the specialization approach with a strong innovative focus on biotechnology, pharmaceuticals, heavy machinery, vehicles, specialized battery components and major EV battery manufacturing. The country is not just seeking to be the main manufacturers on a global scale of these products, but appears to be striving to be specialists in providing the most technologically advanced methods to drive the most advanced products in the marketplace. South Korea is 6th in the World for Global Innovation South Korea has recently achieved significant economic outperformance through technological innovation. South Korea jumped from rank 10 in 2020 to rank 5 in 2021 in the Global Innovation Index. Currently in 2024 South Korea is ranked 6th. This rise is attributed to its strong performance in industries related to public health and the environment, as well as its advancements in digital innovation, built on artificial intelligence, supercomputing, and automation. South Korea’s focus on deep science innovation, including biotechnologies and nanotechnologies, has also contributed to its economic success. 23.7% of the Global EV Batteries are Manufactured in South Korea South Korea is a significant player in the global battery market. South Korean electric vehicle (EV) battery manufacturers; LG New Energy, SK On, and Samsung SDI collectively accounted for 23.7% of the global EV battery market in 2022, a staggering contribution to this thriving market. South Korea are Electrical and Heavy Machinery Specialists exporting $171.3 billion in 2023 (accounting for 27 % of total exports) South Korea is a significant player in the global heavy machinery market. While specific figures detailing South Korea’s exact percentage share of the global heavy machinery market are not precisely available, the country is known for its substantial contributions to the sector. South Korean companies like Doosan Machine Tools and Hyundai Wia are leading providers in the machine tool industry, with Doosan Machine Tools holding a market share of 49.3 percent within South Korea. The country’s heavy equipment market is also characterized by a diverse range of products, including construction equipment, forklift trucks, and cranes, with major players like Caterpillar Inc, Hitachi Ltd, and Hyundai Construction Equipment Ltd, all contributing to its growth. South Korea’s focus on innovation and quality in manufacturing has positioned it as a key exporter of heavy machinery on the international stage. The South Korean Stock Market - The KOSPI The KOSPI (Korea Composite Stock Price Index) is akin to the S&P 500 in the U.S. however can have up to 800 companies included in the index. As an alternative you can review the KOSPI 200 which only includes the top 200 South Korean companies, but for today we will focus on the general KOSPI. The top 5 largest companies in the KOSPI index: 1. Samsung Electronics (20% of the index): A global leader in technology, Samsung Electronics specializes in a wide range of consumer and industry electronics, including appliances, digital media devices, semiconductors, memory chips, and integrated systems. 2. SK hynix: The world’s second-largest memory chipmaker, SK hynix produces dynamic random access memory (DRAM) chips, flash memory chips (NAND), and CMOS image sensors (CIS) for a diverse global clientele. 3. Samsung Biologics: A biotech division of the Samsung Group, Samsung Biologics provides contract development and manufacturing (CDMO) services to the biopharmaceutical industry. 4.Naver: South Korea’s premier internet company, Naver operates the nation’s top search engine and offers a range of services including online marketing, e-commerce, and content development. 5.LG Chem: Founded in 1947, LG Chem leads the chemical industry in Korea and globally, providing products like ABS, polarizers, and EV battery cells. It has a vast network for production, sales, and R&D across the world. The KOSPI is traded in the South Korean Won (KRW) and I will show it to you for illustration purposes however when measured in USD, there has been a long term oscillation of price with no real sustained gains. As I do not see an opportunity in trading the KOSPI, lets look at Samsung, one of the largest allocations in the KOSPI. SAMSUNG (Ticker: 005930.KS) You can clearly see that Samsung which is headquartered Suwon-si, South Korea has a long term ascending channel in both the KRW and in USD. There is a clear long term trend and opportunities to buy at the bottom of the channels. Samsung primarily trades on the Korean Stock Exchange and has global depositary receipts that are listed in Europe, making it relatively easy for South Korea and Europeans to invest. Unfortunately, Samsung shares don't trade on a U.S. stock exchange and the company doesn't offer American Depositary Receipts (ADRs), making it difficult for Americans to invest in the company. Sometimes Macro Mondays leads to a dead end for some traders and investors out there, you can still access Samsung through a variety of general ETF's for general exposure. What is clear from the above, is that these waters appear much more murkier than the Indian stock indices we covered last week which are performing nicely since sharing. India has a GDP growth of 6%+ whilst South Korea is 2.6% at present (global average is 2.9%). I could not really recommend a trade off the above South Korean charts covered, however we have an better understanding of the South Korean market, economy and offerings. We also have an idea of some of the larger companies and we can investigate this further down the line for opportunities. All these charts are available on my Tradingview Page and you can go to them at any stage over the next few years press play and you'll get the chart updated with the easy visual guide to see how the South Korean market has performed. I hope its helpful. PUKA
KRX:005930
by PukaCharts
Photronic Future Projection and DD over the coming ~3 monthsI project an increase in the stock price of NASDAQ:PLAB due to: Increase in revenue since the last quarter. Commitment to Chinese and Taiwanese production plants that have a solid backing of governmental support. New technologies within the industry combined with a solid demand that wont decrease and the mono-product nature of Photronic. Demand for smartphones and similar products have increased in the last quarter of 2020 and the first quarter of 2021. Internally the company believes that the industry-wide stocks is oversold, as told in their 'Photronics Q1 - FY21 Earnings' web-conference available on their website. The lack of supply of their product market-wide has made possible for the first time in 35 years an increase in main-stream pricing of their product, as shared in the same conference at the 40 minute mark. Available on the website is also two videos, hosted on YouTube, discussing two of their most recent production plants in China. But the low view-count (500) tells me they are videos made for investment meetings and similar meetings and therefore the company itself are making big steps to increase their production and gain governmental and private support. As far as indicators go: The MACD is below 0 and looks to move over the signal line and over the 0 line again. The Ichimoku cloud has a red cloud within the near future but I project that it will quickly close and return to a green cloud. The RSI is below the mid line and the current situation is reflected in past movements of the RSI. As far as fundamentals go: The support and resistance of the stock has had incremental increases since the start of the quarter. The revenue movement compared to last years Q1 is only -2%, which is a market situation that doesn't reflect most other industries as many are still recovering from the effects of Covid-19. As far as the only negative I can find in this DD is that the CEO of the company sold a fifth of his personal stocks for an undervalued price of around 11$ at the turn of the year. It could be personal reasons or a need for more capital in the company could have necessitated this sell of, but in any case its the only point I cannot fully explain or reason, but that may also be down to a lack of experience on my own part. If you have any thoughts on this please share. Personally, I have an alert set for the crossing of the Ichimoku Conversion line up and over the Ichimoku Base Line to indicate a value increase that could projectically rise and stay risen at least temporarily over the next month or two. Thank you, and please, if you have any other thoughts or counter-points make sure to share them so I may discuss this symbol with you.
NASDAQ:PLABLong
by Kabeldon
Samsung SDS’ Partnership with Tech MahindraSamsung SDS’ Partnership with Tech Mahindra www.financebrokerage.com Global tech giant Samsung’s IT subsidiary Samsung SDS declared a joint initiative to start a new blockchain-based traceability product. In addition to that, the firm partnered with American software company Pega and Tech Mahindra to develop the latest project. Tech Mahindra is a subsidiary of major Indian multinational conglomerate holding firm Mahindra Group. Moreover, the joint initiative will be a combination of Nexledger Universal, enterprise blockchain platform of Samsung SDS, and Pega Platform, digital process automation platform of Pega. Also, it plans to integrate Pega’s core product with Nexledger. And according to the press release, the company wants to develop improvements for supply chain systems. Aside from that, the solution aims several related industries such as banking and financial services, insurance, manufacturing, public services, and supply chain logistics. Bitcoin and the Crypto Market Meanwhile, on October 20, slowly, crypto markets are shifting to green. And Bitcoin (BTC) displayed signs of recovery as it goes back to over $8,200 price mark. Bitcoin has been trading under $8,000 price mark for the better part of the day. However, it is signaling some recovery after a few hours. The world’s largest cryptocurrency traded at an intraday low of $7,950. After that, it climbed to its recent trading price of about $8,216. BTC is showing gains of 3.73%. A few days ago, they mined the 18th million BTC. And it left the world with only three million coins to mine. This was enough reason for crypto-skeptic Peter Schiff to believe that the future of Bitcoin looks horrible. Also, he claimed that it is just a matter of time before the most popular crypto will face a fast descent down to $4,000 or lower. On the other hand, Ether (ETH) sat at $174.80 per coin. The number one altcoin saw a slight upward tick in sync with Bitcoin and is displaying a gain of 2.26%. Then, XRP has been trading relatively still for the most part of October 20. The third-largest coin by market capitalization is recently trading at $.293 per coin, up by 0.82%.
KRX:005930
by Financebroker
1
Samsung De Facto Leader Bribery CaseSamsung Group will finally determine on Thursday, the future of its de facto leader. South Korea’s Supreme Court will eventually rule whether to push the bribery conviction of Jay Y. Lee. Previously, he was in involved in a scandal, which unseated the president and trained public ire on corporate untouchables. Aside from that, the ruling for Lee will reveal how much he can concentrate on guiding the group’s flagship Samsung Electronics Co. Ltd. And this is through its dropping profitability and Japanese export curbs on material, which is crucial for the leading chipmaker worldwide. In 2017, Samsung Electronics’ vice chairman Jay Y. Lee faced five-year imprisonment. They arrested Lee for bribing his friend, former President Park Geun-Hye. He asked to succeed his father and secure control of Samsung Group. But after a year, he got out of detention when appellate Seoul High Court cut his sentence and suspended it for four years. Lee, who denies all accusations, and prosecutors appealed again. Samsung Ex-President’s Bribery Case Then, the Supreme Court sets to rule on appeals court decisions in the case of Park, impeached after the scandal and is currently serving a 25-year prison sentence. Also, a decision for her friend Choi Soon-Sil, imprisoned for 20 years. The two of them are facing bribery and other charges. In addition to that, Lee became the latest in a series of conglomerate bosses convicted for corruption with a lenient sentence. As a result, this drew public calls for reform of big businesses always criticized for having incredibly close relationships with political leaders. According to some legal experts, the Supreme Court has the power to uphold Lee’s conviction and suspended sentence. It can also appeal to the Seoul High Court to reconsider its judgment. And this might lead to the conviction overturning or a stronger punishment.
OTC:SSNLF
by Financebroker