Disclaimer: My work is based on purely education and learning . I do not partake in any kind of investment strategies or ideas nor am i sebi registered to give any kind of market investment advice. Kindly consult your sebi registered research analyst before you make any financial decisions.
The level of the strong US Dollar/KRW has risen to the initial CORONA QUARANTINED phase.
It seems difficult for US to continue its strong dollar.
The KOSPI index is expected to reach an upward target of 3,500.
Since 1981, when the Kospi Composite Index printed a 14-day RSI below 20, returns over the following 14-days had a positive expectancy. 14-day average return 3.02%, win rate 13 from 15, standard deviation 3.64%.
Disclaimer: This data is not financial advice. Data is for informational purposes only & should not be used to make any investment decisions. No...
Kospi seems to be attempting to retest the previous ATH. Korea seems to be getting over the worst of its covid waves which could be incredibly bullish for the country as a whole. Looking to see what the Kospi does on a retest of previous ATH.
KOSPI is retesting a very long-term channel it's been trading within since 1994. If it confirms the breakout out of this channel, it could be extremely bullish on the ETF that has underperformed the SP500 this year.
KOSPI WILL GO back to 2100 point.
eliott wave will tell you.
stock market is over heating.
and inflation is going on globally.
so sell your stock before plummet to the bottom.
buy dollar or gold.
reset your portfolio.
Korea is highly cyclical and a decent "canary in the coal mine for" a) the Semi Cycle, given the size of Samsung Electronics in the index and b) the global manufacturing cycle.
Watch for a double top.
This is not investment advice, I am not a licensed advisor and you should always do your own work or seek professional advice.