Kospi's multi month trend is bullish however in near term i.e. for next 5-8 weeks, we might see a drop to 5k levels, slightly undercutting the previous bottom before resuming the bull run.
KOSPIs drop means memory stocks (DRAM ETF) will see a drop back to previous bottom levels.
I would advise caution and if you have a long bias, run on tight stop loss or hedge your positions.
KOSPIs drop means memory stocks (DRAM ETF) will see a drop back to previous bottom levels.
I would advise caution and if you have a long bias, run on tight stop loss or hedge your positions.
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The upmove corrective strcuture and divergences seem to have played out at the trend line resistance. Moving towards double bottom.Note
We got on the right side of the fall, targeting low 5000
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.