Mr.Million | My Kakao Position Update!Kakao bounced exactly where it should – on big volume! 🙏😊 I believe institutions are buying, and that’s always a great sign. 🍀
For full transparency:
My average cost: ₩ 36,000 (Korean Won)
Holding ~ ₩1,650,000,000 worth
How high could it go? I’m targeting ~ ₩52,000 per share 🤞
I’ll keep you updated on this holding – be sure to share & follow!
Kakao
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
KAKAOHELLO GUYS THIS MY IDEA 💡ABOUT 035720 is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the Seller from this area will be defend this SHORT position..
and when the price come back to this area, strong SELLER will be push down the market again..
DOWNTREND + Support from the past + Strong volume area is my mainly reason for this short trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
KAKAOHELLO GUYS THIS MY IDEA 💡ABOUT KAKAO 035720 is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the buyers from this area will be defend this LONG position..
and when the price come back to this area, strong buyers will be push up the market again..
UP TREND + Resistance from the past + Strong volume area is my mainly reason for this long trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
KAKAOHELLO GUYS THIS MY IDEA 💡ABOUT KAKAO 035720 is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the Seller from this area will be defend this SHORT position..
and when the price come back to this area, strong SELLER will be push down the market again..
DOWNTREND + Support from the past + Strong volume area is my mainly reason for this short trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
Neutral/Buy cocoa on ascending support lineBuy signal on RSI and Stochastik accompanied with a ascending support line provides good entry point for a long position. via Short puts or short put spread out in Sep16 delivery month.
Expect sideways action then upside targets would be 9 day MA around 3000 and 20 day MA at 3100 (both sloping down, so expect more sideways before a rise
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