Monthly EMA's still showing to be bullish as well as the general uptrend.
Price decelerating near support @960.
Checklist:
- Visibly oscillating
- Pull-back phase of general trend
- Deceleration
- Price at S/R level
The exchange rate of SMSD shares moves on a correction path. In our opinion, this course will continue until the correction level of 684.70. According to our strategy, this level starts slowly. After correcting the correction axis of the level, the exchange rate will increase faster up to 890 primary target auctions.
Samsung Electronics is taking a good grip of the market. Its shares are going high and with the launch of C7 Pro and upcoming mobiles, it is going to rise even higher.
Today South Korea's Constitutional Court removed President Park Geun-hye from office over a graft scandal involving the country's conglomerates. Park becomes South Korea's first democratically elected leader to be forced from office, capping months of paralysis and turmoil over a corruption scandal that also landed the head of the Samsung conglomerate in jail. ...
Samsung is in the middle of a long term correction. I see 2 possible scenarios on daily chart, in both cases with a breakout to the upside. Let's see if we can break the upper channel with this move or if we have a shorting setup from the top.
