The prices has just broken above the neckline of a round bottom pattern with a large-sized candle on Friday. Share price is likely to challenge its next resistance around 63,000 (127.2% Fib. extension by using points A and B).
Disclaimer:
The above analysis is for reference only.
Please exercise caution and prudence in making your own investment decisions
KRX:005930
Technical analysis does not depend on the market, it does not depend on the historical era, it does not depend on any kind of factor other than human emotions that are always repeated on the basis of fear and greed.
That's why we often find very similar patterns, that if exploited in a systematic way, you can accumulate wealth over time.
Then we for an...
Samsung SDS’ Partnership with Tech Mahindra www.financebrokerage.com
Global tech giant Samsung’s IT subsidiary Samsung SDS declared a joint initiative to start a new blockchain-based traceability product. In addition to that, the firm partnered with American software company Pega and Tech Mahindra to develop the latest project. Tech Mahindra is a subsidiary of...
Samsung Electronics has been forming a W formation since May 2019. It has recently broken above the $1,025 neckline level, showing momentum is set to continue up. This gives us a great opportunity to go long and buy the share.
Samsung Group will finally determine on Thursday, the future of its de facto leader. South Korea’s Supreme Court will eventually rule whether to push the bribery conviction of Jay Y. Lee. Previously, he was in involved in a scandal, which unseated the president and trained public ire on corporate untouchables.
Aside from that, the ruling for Lee will reveal how...
$SMSN is showing that people are accumulating since there is almost no change in price but volumes for the past trading days are increasing. Still sitting above MA20, a very low-risk entry for position traders.
