KOSPI for 2020 ?
Updated
cnbc.com/2019/12/10/state-street-south-korea-is-the-most-undervalued-market-in-north-asia.html
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.
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.
Note
I received a thank you PM from a follower, that's nice for following this trade opportunity. I believe rising tide raise all boats high up so KOSPI would go higher in the coming months.Note
expecting this to hit to the support level at 2105 again due to the recent coronavirus news !Note
scmp.com/news/asia/east-asia/article/3065115/coronavirus-south-korean-cases-reach-5766-and-death-toll-35Based on the chart, the fall was not as bad as the media makes out of it .
Note
The invisible hand, Covid-19, apparently kills all the stock markets..........not one is spared.Note
8:10 am: South Korea warns of second wave of cases as it shuts night clubs and barsSouth Korea on Sunday warned of a second wave of cases as a new cluster formed around a number of night clubs, according to Reuters. Just last week, the country eased restrictions as cases continued to fall, allowing businesses to reopen gradually and gatherings to take place.
But on Saturday, the country shut down all night clubs, bars and discos in its capital Seoul after dozens of infections were linked to club goers, with authorities saying they were tracking a list of 1,500 people who had gone to those clubs. — Weizhen Tan - CNBC
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