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...
This index has been heading up in almost a straight line since the "Covid panic" and this count would suggest it has a considerable way to go. Is there going to be a decent pullback or correction or is this just going to shoot to the moon....?
Up 1.8%, the breakout here is clear for the EM as I called 3 weeks ago. This was assisted with Asia slowing in 2017/18. Asia looks better at this point because Asia technically slowed down before the West. !THD and !IDX are good longs and I will be taking them.
13:19:40 (UTC)
Tue Jul 28, 2020
KOSPI Composite index (KOSPI) is in perfect impulse cycle in 4 hr time frame made from the bottom made in Corona Pandemic. The fifth wave is in ending diagonal structure, which should probably result in sharp decline. So stay bearish with stops above 2240 from current level as 2nd wave of A in ABC zigzag cycle. This is the perfect set up as world market also in...
