- Cup & handle formation
- Bounces on trendline
- Currently developing COVID-19 vaccine in Korea alongside other biotech products
- Korean government granted $30 mil to develop vaccines recently
the daily chart of this market shows that it will experience an uptrend in the next few days but at the same time it is better to be vigilant of the change of this market towards the opposite direction
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I see that Mobis stock will continue its movement down as there is a big momentum making the bearish in control of the market. There is no way to try going bullish .
The trendline shows that the market was in a very strong bullish movement but it is retesting now and it may go back high again in the near future.
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There is two different channel levels. The support , if broken, could possibly see a change in the future. BUT, for the moment, the slope is likely to be a safe one for uptrend entries.
Samsung 05930 price is recovering slowly but safely!
There are three opportunities in trading - uptrend, range (sideway) and downtrend.
The most common method of making money is buying on the uptrend like most folks do when they bought into the S&P500 index - simply buy and hold. That is for long term.
But as many bear camps are saying the recession is coming, the market is going to crash and the media...
Testing resistance at 200,000 price line.
If it breaks free possible trend change might occur...
We have a strong diagonal support line near 190,000 line
and a strong resistance line above narrowing in.
I'm guessing possible volatility coming soon