SSU trade ideas
Is it time for Samsung to rally?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.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.
Awesome PerformanceSamsung 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.
BUY Samsung at market (866.50)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. (Reuturs source)
So why buy Samsung?
"The prospect of a new president in the first half of this year instead of prolonged uncertainty will buoy domestic demand as well as the markets" said Trinh Nguyen, senior economist at Natixis in Hong Kong.
"The hope is that this will allow the country to have a new leader that can address long-standing challenges such as labor market reforms and escalated geopolitical tensions," he said.
So a new brush for South Korea to sweep away uncertainty and corruption. This can only help the markets and South Korea's biggest company - we recommend BUYING Samsung.
SSNLF - SAMSUNG: EXPECTING A BREAKOUT TO THE UPSIDE ON DAILYSamsung 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.
