1) Losing Market Share in Android phones
2) Slump in the semiconductor unit
c) Like China, Korea is going experimenting with Socialism
d) Valuations are not attractive
e) Out of the risning channel last June (2022) & now moving in the the red downward channel.
Doesnt bode well for MSCI EM either as its made up of 3.5% Samsung
Samsung Electronics Long
Samsung is going to release new smart phone on 10 Aug 2022.
Entry price: 61400
Take profit:72200 / 17.59%
Stop loss: 57400 / 6.51%
Risk/reward: 2.70
Hi Traders,
Samsung after more than a Year in a downtrend, may finally reverse and have some bullish days, after a clear fakeout, Triple Divergences, and good momentum on the 4h Chart.
Entry on SMSN will be confirmed once we succesefully break the 1480.5$ level ( I prefer using Buy Stop Order )
Targets are 1580$ then 1698$, If reached, I will give an update...
HI🖐,
today there is an intersection of 4 indicators about SAMSUNG's stock:
1) 4EMA is inverted and that means 😎
2)bear divergence confirmed by MACD
3)we are under the VWAP
4) we are under resistance
high risk but also tremendous gains so open your wallets and good luck 🥺
GOOD BUY.❤️❤️
we can see on the weekly chart the green springbox candel on the bottom of a down trend rejecting the level of resistance wich means a possible reverse and a new up trend will start
Samsung Electronics is the most representative IT company in Korea.
This company is doing well, but the price moving has nothing to do with it.
If you put in the movement of the past whale forces, this stock price will definitely reach ₩ 70,000 someday, and this means it is not the right time to buy it yet.
As you know, CCI(Commodity Channel Index) is the indicator of how difference from MA(Moving Average). If CCI(period) value is 0 then it is the same value of the SMA(price, period). Indication of overselling or overbuying will be counted by -100 and 100 value of CCI. What I chose value is 240. which is almost a year of period. My signal will be plotted this long...
