$EM $KOSPI WAVE 3 OF EMERGING MARKETS INCOMING - #KOREAInb4 liquidity crises round 2 and deflation worse than march/april
KOSPI trade ideas
Will KOSPI's historic rebound lead to another down fall?Here are the levels I believe KOSPI will converge to in the near future
Level 1 = around 2100
Level 2 = around 1960
Level 3 = around 1860
With the short ban in place until November 2020, it will be difficult to see the index fall below 1860, or even 1960.
However, we need to watch out for second wave of COVID-19.
Just a reminder that Korea is a nation with the fastest recovery from the COVID-19 pandemic, showing V shaped rebound.
With the quarantine protocols for COVID-19 well established, I would definitely enter into long position starting 1960.
These are strong areas for buy if they reach the priceThese are strong areas for buy if they reach the price
KOSPI - in the verge of a possible correctionKOSPI finished a five-wave move up that ended minor wave 1. If this is the case prices should follow the trend to the 1,700 level before continuing up. A move below the 1,900 will give more odds for this scenario. FOLLOW SKYLINEPRO TO GET UPDATES.
KOSPI (Korean Stock Index) - possible correction, more than 10%KOSPI seems to have finished minor wave 1. The next move should bring prices to the most probable level of 1663, which is 13% below current prices. After this correction the index should continue its trend up. FOLLOW SKYLINEPRO TO GET UPDATES.
KOSPI (Korea Index) - minor correction before long-term gainsKospi has finished intermediate wave 2 on March 19 and it is tracing the beginning stages of intermediate wave 3 up. It seems to have finished minor wave 1 up. If this is the case, the most probable stop for the index is at 1662 to 1625 before moving up to higher levels. If prices cross up 1929, this scenario should be void as minute wave 5 could have extensions. FOLLOW SKYLINEPRO TO GET UPDATES
South Korea (Kospi) Breaking DownI could add many charts right now detailing similar themes, but this one to me is extremely telling.. South Korea is sitting on the cusp of two 30+ year long trendlines it has not broken in quite some time. These are extremely important.
I wouldn't be fully surprised if we retest or don't break right away, but given the moves in global markets, it could just bust right through here and head down significantly. Watch for currency movements to be a big part of this. Semiconductor industry likely to get hit especially hard with this in mind.
KOSPI is in bearish trendThe KOSPI is currently descending after hitting 2250 resistance and is declining towards the 2000 level.
MACD is also in a downward direction, and RSI is already showing divergence and falling.
The long-term barrier has been breaking below all of its horizons, and the first resistance zone is near the 2000 and 1900 levels.
There is a strong possibility that the stock is strong, but the long-term gains and accelerated decline in the indicators suggest that further convergence may be needed for the rise.
KOSPI - Not far from a decent correction?A count that suggests that either the KOSPI has completed 5 waves up or may have one more leg to go before a decent correction. For me, the longer term direction is still bullish.
KOSPI for 2020 ?www.cnbc.com
I get my ideas from time to time from reading news and evaluate the trading opportunity.
Here, you can see price action has finally broken out of the bearish trend line. Although it was not able to sustain for long above the support level at 2105.29, nevertheless, it is still above the bearish trend line as 2nd support.
Once the price action breaks above and closed above 2105.29, a buy position can be initiated.
Trade with care.
Bad Kimchi - Lower Highs and Lower LowsThis index is an obvious sign of a looming world recession. It continues to show lower highs and a steep decline.
There is no reason to go upReason Why KOSPI have to go down in Long Term
1. First of all, reason why stock index of USA, China and other advanced countries getting more higher since 2016, is rising of the companies related to The Fourth Industrial Revolution. Meanwhile South Korea doesn't have any companies like that. (No AI,No Robot, Bio? recently one of bio company called Sillajen failed at the huge project which brings collapse to bio industry). In other words, South Korea lost the opportunity to get into the The Fourth Industrial Revolution. Most of big company of South Korea mainly deal with heavy chemical industry, Semiconductor industry and export industry. Except semiconductor, heavy chemical industry and export industry doesn't changed and developed for last 45 years. If there is no big game changer in both industries, there is no reason that KOSPI goes up.
2. Korea government's incompetent.
After the impeachment, socialist party successfully take the ruling party.(personally think they are more like communist). Most of high ranking executive fulfilled with activist group who doesn't know politics and that outcomes showing slowly by KOSPI index. Government failed at diplomacy that results trade war between Japan and getting export regulation about semiconductor part which is only potential industry for now. Moreover, government decided to spend tons of money to the sunlight generation which most advanced countries doesn't care, instead of giving subsidize to AI, Robot and Bio industry.
Because this is the first post written in English so overall content is poor. Any ideas and criticism is welcome.
KOSPI: 1W Death Cross confirms bottom. Long term Buy OpportunityThe Korea Composite Stock Price Index is currently on a 5 week bullish streak (5 green 1W candles in a row) approaching the overbought zone on 1D (RSI = 70.924).
The important development on the 1W chart though has been the Death Cross formation (MA50 below MA200) earlier this June. This is generally a bearish signal but last time that happened in February 2009 during the Global Subprime Crisis, it signaled the market of the bottom and the start of the new multi year bull cycle.
As such we are interpreting this pattern as bullish signalling the bottom of the bear cycle that started with the January 2018 All Time High. This 5 week bullish streak may be the early signal to tell us that we are gradually starting the new bull cycle. Despite this bullish run, 1W remains only neutral (RSI = 50.334, STOCH = 46.185, CCI = 30.0297) indicating that the upside potential is significant.
We are long on this market aiming initially at the previous market high at 2,600.
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