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 one big factory with the full gamut of output, from ships to semis.
The index is a key barometer for global cyclical momentum.
Consolidation is complete
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.
The Korean Index is consolidating the last 44% gain it made in the last quarter of 2020.
This consolidation is very well defined inside a downtrend channel. I am positive if it breaks it. It could be the start of another leg up.
As long as it stays in the that area, I am neutral.
Next support around 2800. That would be ~50% fibo retracement of the previous...
this is my bullish technical idea and price action analyze . now wait for come previews support and resistance zone after trend continue to uptrend you can entry .because overall uptrend .you can see it .however this is my opinion only no more signal
Long and short KOSPI
Activation of the transaction only when the blue zone is fixed/broken.
The author recommends the use of anchoring fixed the blue zone, this variation is less risky.
If there is increased volatility in the market and the price is held for more than 2-3 minutes behind the activation zone after the breakdown, then the activation of the idea...
📌 The beauty of Korea is revealing itself right on time... the breakout is difficult to maintain as can be seen on the yearly close, the slingshot which turned out to a correct play for buyers has unlocked the potential for a major rally in 2021. Capital has its eyes on Korea (and a few others) for the advantage in its currency (KRW) and economic mobility across...
KOREA COMPOSITE STOCK PRICE INDEX
There is a strong, good, and positive break that shows buying during a period of calm The month will last until the coming months as a struggle for the power and size of the buyers present Big, I would recommend buying now
Hard not to be bullish on this index looking at it's price action recently. Seems to be heading up in a straight line. Are we in a powerful 3rd wave at the moment? There barely seems to have been any correction since the bottom in March 2020.
I'm finding it really hard to be bearish on this index, which is a slightly worrying thing in itself, but the recent price action can't be ignored. This index is going up in a straight line since the end of October and I can barely find any correction to even attempt a count on my "5th wave". I would expect a pullback at some stage although when you look back at...
Expecting a choppy ride to 2,700 on the KOSPI by Q1.2021 due to the bullish seasonality of Q4 followed by a choppy downcycle into 3Q. 2022 similar to the one seen from 2018 - 2019.
The rise of USD is denting profitability for Korean companies which are export dependent.
Not expecting a short term crash as the one seen in March 2020 as central banks are willing...
