[STOCK/KRW] SAMSUNG PUBLISHING - POTENTIAL REBOUNCEI'm stock newbie. It's for studying. Sorry :)
Good structure, 0.618 rebounce, MFI divergance
Aim for 0.5
TP : 17100 KRW
SL : ?
Samsung Elec. weekly chart1. MA resistance
2. Fibonacci level
3. RSI under 30
I'm not saying "Short" or "Long".
I'm just studying analysis.
Historic support.We are at historic support.If we break and close below all or even 2 of the parallel lines,its over.
Celltrion Rising Wedge PeriodClearly 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 period.
Remember, Rising wedge usually is the signal of bear trend. So keep on eyes on support level.
EMARTEMART 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 Electronics Bearish TrendSamsung 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 the trend line.
Kyongbo Bounce Play PossibleAccording 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.
Chongkundang Possible Scenario with H&SClearly 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.
