Global Markets Overview, Section 2 - Switzerland, Spain, Hong Kong, Australia, India, Tokyo, Taiwan, South Korea
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 a canary in global equity market. Ascending wedge break Below 233 EMA Below Ichimoku Cloud Countertrend rally bear flag. The next move should be impluse
SOUTH KOREAN KOSPI INDEX - Barely holding above water Once red line breaks, potentially, a completed '2B' reversal pattern.
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.
If it breaks above line, it moves up or if it breaks below line, it moves down
At least this monthly chart and trend says that... keep a close eye
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...