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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
KETCHUP TOMATO SCALP : K-SCALP 30%+fighting🇰🇷Watched a KDRAMA bout a prop trader (in a office firm not ftmo) anyways he was failing to keep up with spot trading considering he was a warren buffet in stocks brought down to the fast paced world of scalping and meeting profit quotas so i came to scalp korean stocks how hard can it be ive made swing calls on kospi/kosdaq and despite my swing forecasts i scalp considering im in synch with the trend already so i will hold 5 days thats the best i can do for a scalp and the levels are not tp they are where i would add on to the move (just realised prop firms dont hold trades over weekends mxm made it last a week) if u know any propfirms there the kid could use some travel kindly comment it below
KRX:393210Long
by Bekiumuzi_Dube
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
Naver, one huge flat correction finally ended? or keep plunging?It may not be easy to turn around this huge S.Korean internet portal service provider. Its management and staff have proved very capable to develop profitable service yet it is missing to ride AI tsunami. Huge volume block is over the head. Not clear sign of market is buying it. However, if it keep the very last VAL at 18150, I hope it can turnaround to the upside. 1st buying is at current price, 2nd is when it succeed breaking out 1D 50EMA.
KRX:035420Long
by ChartistQ
Hyundai motors to witness new highs in 2024?The South Korean multinational automotive manufacturer, Hyundai Motors was ranked world's third-largest carmaker in 2022 in terms of production. Hyundai motor group(which includes Genesis and Kia brands) has grown massively during the last decade surpassing giants like General motors, Nissan, Ford and Stellantis (in terms of annual sales volumes). At this point only Toyota and Volkswagen are ahead of this Korean giant slayer. This growth can be seen on the stock chart of the company as well. The stock set out a new impulse wave in Jan. 2023 that completed in May 2023.The stock then completed a Zig zag(Elliot wave) correction between may-Aug hardly retracing even 38.2% of the rise(remember shallow retracements are a reflection of strength and bullish sentiment). Standing currently near the 107k South Korean won(KRW) the auto maker has a potential of reaching the 150K KRW in 2024. on the downside the 102K is the crucial support for the stock. Note*- This chart is for educational purpose only.
KRX:005385Long
by neeraj_2_sharma
KAKOBANK WCA - Cup and HandleCompany: KAKOBANK Ticker: 323410 Exchange: KRX Korea Exchange Sector: Banking/Financial Services Introduction: In today's technical exploration, we focus on KAKOBANK, a prominent entity in the banking and financial sector. The weekly chart showcases a potential bullish reversal in the form of the Cup and Handle pattern, which has been developing over the past 50 weeks. Cup and Handle Pattern: The Cup and Handle pattern is a bullish continuation or reversal pattern that signifies a period of consolidation followed by a breakout. It's characterized by a rounded bottom (the "cup") and a consolidation (the "handle"), which precedes a breakout. Analysis: KAKOBANK's prior trend was bearish, as illustrated by the blue diagonal line. However, this downward trend seems to have been interrupted by a Cup and Handle pattern, suggesting a potential bullish reversal in the offing. The so-called "lip" or the resistance level of the pattern stands at 29,650 KRW. The stock's price remains above the 40 EMA, reinforcing the bullish sentiment. If the price successfully breaks out above the lip, a bullish run is anticipated. The projected price target based on the pattern's depth stands at 43,550 KRW, amounting to an estimated rise of approximately 47%. Conclusion: KAKOBANK's weekly chart puts forth a promising bullish reversal scenario. A successful breakout above the lip of the Cup and Handle pattern could pave the way for an attractive trading opportunity. --------------------------------------------------------------------------------------------------------------------- Remember, this analysis should be integrated into your broader market research and risk management protocols. It's not a direct trading recommendation. If this analysis proves helpful, please consider sharing, liking, and staying tuned for more insights. Happy trading! Best regards, Karim Subhieh Disclaimer: This analysis is for educational purposes only and shouldn't be considered as financial advice. Always undertake your own research and consult with a financial advisor before making investment decisions.
KRX:323410
by KarimSubhieh
3
Samsung SECU DCA - RectangleCompany: Samsung SECU Ticker: 018260 Exchange: Korea Exchange (KRX) Sector: Technology Introduction: Welcome to today's technical analysis. We're turning our focus to Samsung SECU, analyzing its daily scale chart on the Korea Exchange (KRX). The price action suggests a well-defined rectangle pattern formation, which, coupled with the bullish market sentiment reflected in the KOSPI Composite Index, presents an interesting setup. Rectangle Pattern: A rectangle pattern is a trend continuation pattern formed when the price oscillates between parallel support and resistance levels. The breakout direction indicates the trend direction. Analysis: Samsung SECU's price has been moving within a clearly defined range, forming a Rectangle pattern. The upper boundary of this Rectangle is at 36000 KRW, while the lower boundary is at 30150 KRW. With four touch points at both boundaries, the fourth at the upper boundary has already signaled a breakout. Additionally, the price is above the 200 EMA, indicating a bullish market environment. As a result, a long position becomes a favorable consideration. Our projected price target post-breakout is set at 41850 KRW, translating into a potential price rise of approximately 16.27%. Conclusion: Samsung SECU's daily chart presents a compelling scenario, with a clear Rectangle pattern and a recent breakout. Given the bullish sentiment in the overall market, as indicated by the rising KOSPI Composite Index, long positions currently seem favorable. As always, remember that this analysis does not constitute financial advice. Conduct your own research and consider risk management strategies before making any investment decisions. If you found this analysis helpful, please like, share, and follow for more insights. Happy trading! Best regards, Karim Subhieh
KRX:016360
by KarimSubhieh
1