KT Corporation Setting Up For A ShortReward/risk on this trade with stop loss and first PT as shown is 3.11 assuming entries are scattered across short zone.
030200 trade ideas
KT(030200) Korea TelecomSince the 2020 Pandemic, it was regarded as a crisis that has to be overcome (which eventually means another big opportunity), and a huge dollar currency has been issued.
In other words, there can be temporary declines in corrected waves. But as time goes on, the direction is upward in any cases.
The most advantageous stocks in this situation should be those of low PER and low PBR.
Additionally KT is very high (more than 5%) in dividend yield rate.
KT, A Potential Gem Stock, 127%+ Long TermKorea gets a bad reputation for how companies tend to benefit their owners/eecutives over the shareholder. This is going to change as it's highly unpopular in S. Korea. Irrespective of the political climate, undervalued Korean Companies are set to make massive growth.
Fundementals:
P/E: 8.18
EPS: 1.6
KT 5 RRR longTrading Methodology:
1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend.
2. The angle tool is applied from the earliest two trend touch points, beginning at the earliest touch point.
3. A trend-based Fibonacci retracement triangle is drawn starting from the earliest trend touch point and ending at the earliest touch point of the opposite trend line .
4. Based on the degree, of the earlier defined angle, the appropriate (and secret) levels are selected for the fibonacci retracement ; two levels for stop-loss and two levels for take-profit. The closest stop-loss level to the current price level is the top priority stop-loss. Though the secondary stop-loss level is often chosen for some markets such as FX and some equities in order to account for seldom unexpected resistance breaks. The greater target level is the top priority, and where majority of the shares are sold, though some may choose to close part of the position at the first target level or set it to be the stop-loss once price exceeds it. Entries should be laddered in around the levels closest of the yellow line.
This trading strategy can be applied to any market and time frame, and positions most often garner the greatest risk-to-reward ratio with the highest success rate. What more can you ask for? I will only be posting my unique trading strategy until EOY. I work solely with price action to identify pennants and apply unique trend-based fibonacci retracement levels for SL and TP levels. Reach out to me if you have any questions.
BUY! CHARTS LOOK AMAZING!This stock popped up on my scan.
Weekly and Monthly Charts look great!
I think this one could pop much higher.
SEE NEWS BELOW
KT Launches South Korea's First AR Mobile Shopping Service
-- KT to Develop Immersive Shopping Experience with AI and 3D Modeling
SEOUL, South Korea, July 31, 2018 /PRNewswire/ -- KT Corp. (KRX: 030200; NYSE: KT), South Korea's largest telecommunications company, has launched the country's first-ever mobile shopping service paired with AR technology.
The Korean telecom leader's new service is called AR Market, which gives mobile shoppers an online shopping experience that is more similar to browsing through a physical store. Shoppers can view 360-degree AR videos of different products on their smartphones and tablets.
POSITION: 10,000
PRICE: $13.98
Bearish continuation after HEAD and SHOULDERS on KTthis is what I think is happening.
KT has already completed the H&S pattern and is continuing its bearish trend.
1. stock has reached its short term over bought condition
2. the price may continue its upward motion till it reaches 13.9 - 14.0, just about retracing 30% of its previous trend and also a previous strong support price range.
3. the price may start dropping until it reaches a trend line support.
4. if further momentum beyond 14.00 continues it may reach 14.5 and starts encroaching into 50% Fib, from there on the above analysis starts becoming invalid.
Cheers
-scorp
Long based on bounce off RSITrade Idea - not actually entering myself right now. This might be a good place to enter long. I believe it has just bounced off support as shown by the RSI. Has a good bit of upside left to go. If you enter here at $13.33 I would set my stop loss no lower than $12.95. I believe if a bullish trend develops we could see a test of the $16, then $18 thereafter.
Falling wedge with stochastic divergenceStochastic divergence nearing the breakout point of a falling wedge.
Buy: 14.25
Stop: 13.90
Target: 15.74 - 16.92
