Korea
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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Korea ETF bullish butterfly pattern!Aim for the red box.
time segmented volume is signaling momentum reversal.
Icon: Nice Setup for a trade!Price is in the long trade entry area. It might still take some days though and a little bit more downside action before turning to the upside.
The die is cast! (the four-year cycle)I am going to stick to my business for the time being.
I wish you all a successful investment.
Would you like to see this chart come true?
LONG $IONI @ $.16 - I-ON Communication Corp UpsideTechnical Analysis:
- Potential Double Bottom price support at $.15 from 2/15/19.
- Extremely Oversold on weekly/monthly timeframes.
- Daily/Weekly RSI and MACD turning up while prices are moving lower, conveying negative divergence and potential trend reversal.
- Prices breaking above short-term daily moving averages (10dayEMA and 21daySMA @ $.24).
Fundamental Analysis:
- Price to book ratio <1 conveys undervaluation: I-ON Communications current stock price is $0.16 and Book Value per Share for the quarter that ended in Sep. 2018 was $0.17, therefore I-ON Communications Corp's P/B Ratio is 0.95. This conveys undervaluation by that I-ON's assets ($6 Million) are worth more than the current market cap of the company (5 Million).
- Price to sales ratio <1 conveys undervaluation as most high growth emerging technology companies trade at a 4-5x revenue multiple.
- Domestic market share leader and one of few technology or software companies to emanate out of South Korea and conduct a US listing directly onto the OTCQX.
- Multiple patent-backed enterprise products and solutions at market with blue-chip clientele across South Korea and Japan (100s of clients).
- Room for significant gross and operating margin improvement via sales mix improvements including more licensing and SaaS contribution.
- First mover advantage playing into several attractive high growth industries, including sports software, energy IoT, as well as cloud-based CMS and SaaS solutions conveying revenue stream diversity.
MITHRIL TOKEN is still on a long downtrend channel.It seems no one is interested with this coin? This Taiwanese/Korean Popstar owned coin have not gone anywhere but down since the start of the year. I would recommend a buy on this once downtrend channel is broken, either up or down.
Personally, I would buy after price goes above 99 MA.
BTC-KORE Kore- Alt Coin Analysis - Point SystemAlt Coin Analysis - Points out of 10
Date : Since 2014 ( 7 / 10 )
Volume 24 H : 347 BTC ( 4 / 10 )
Available Markets* ( 1 / 10 ) HUGE DANGER
Social Media Rate ( 5 / 10 )
Ranks ** - 811 ( 2 / 10 )
Website ( 3 / 10 )
Type Privacy and Security
Overall ( 3 /10 )
Welcome to recent pump and dump example.
Never never never jump to any pumping coin! You will lose a lot sooner or later.
I had a small bag that I got at 0.236 level, I sold it at 0.382 level when I saw the huge candle. Hold this bag over a month for 56% profit, Not bad.
Planning to buy back at around 8500 satoshi.
Not recommending for a long term investment,
* Considering top 10 crypto exchanges
** Top 100 coins on coin market cap get 10 points
Celltrion Rising Wedge PeriodClearly Celltrion chart is forming rising wedge period. As long as the price is in the trend line the trend is in bullish. But between 50%-70% area is the key that market may shift to other direction.
If price bounce at support line with high volume, price would like to go 370000 won. Probably price will have difficult time breaking ATH within short amount of period.
Remember, Rising wedge usually is the signal of bear trend. So keep on eyes on support level.
EMARTEMART is really popular in Korea. You can think of EMART is Korean Style of Walmart.
There are always demand of EMART in Korea but chart is not looking very bullish. If Head and Shoulder pattern is confirmed; which price break below the support line, price may touch support of trend line (1300000 - 160000 won).
For long term the market will have hard time breaking ATH.
Samsung Electronics Bearish TrendSamsung entered the bear trend.
There is not much to say. Today's Korean news reported few positive news about Samsung's revenue. Especially QLED and DDR RAM sales increased tremendously. However the chart clearly shows the market is in middle of bear market.
It is best to wait during consolidation period and looking forward to break resistance or support of the trend line.
Kyongbo Bounce Play PossibleAccording to RSI, the market has oversold. Potential market could bounce. Potential hit 12000 won. If price can not hold 9300, price could fall to 6900 won.
p.s. risk management is the key.
Chongkundang Possible Scenario with H&SClearly shows H&S, and personally think the market has shifted to bear market. Could potential bounce at the support area.
Could price drop to 75000 - 84000 won.
Donga ST, Time to see what happen next.It is time to wait and see what happens next.
RSI shows low point which means the market has over sold. On top of that, the price is about to touch the support line. If market can hold the current price, we could potentially see bounce.
It is the best to wait and get the confirmation instead of guessing for the next move.
Hanmi Pharmaceutical potential hit 260000 wonA B C area have heavy rejection from 50% of trending area. Current situation have potential hit the support line area; which is 260000 won.
Once price hit support line, make sure check if price is bouncing with high volume to confirm your entering position.
Chongkindang holdings H&S patternClearly shows Head & Shoulder pattern.
With fib measurement 0.236 area perfectly meets with strong support area. If price can not hold the current area, we may see price drop to 37000 won. In worst case, aggressive drop would be 22000 won.
Korea: Bullish! Secret Insider BuyingThis is Bithumb BTC KRW.
Looks like a massive monthly bear flag
that wants another 50% loss.
But if you zoom into the daily,
and look at the monthly volume candle,
just the last few days doubled all
that volume from the month before.
This is due to Bithumb secretly making
a fiat onramp partnership with NongHyup Bank.
Watching closely to see if we reverse
monthly and daily bear flags.
Bitcoin-Fund-Manager.com
ICX/BTC Long - 10x?One of the most undervalued projects in the space, in my humble opinion. Chart says the rest. This is not financial advice :)
LG Display / LPL - Undervalued gemP/E of around 5 and dividend yield at 2%, $8.21b Mcap and revenue of $25.7b. Total cash $3.13b or 4.4 bucks per stock, 15% dividend payout, P/B 0.56. Great, modern product in high demand. Read that few times, double-checked it and decided it is a great addition to the portfolio.
Now, the recent news, it was supposed to take-over Samsung's deal for construction of OLED screens for new iPhones, however it fell short and couldn't quite deliver the amount of screens necessary which made AAPL reconsider this deal, bad news - yes, however it never really jumped significantly when the first news of the collaboration came out, so really not much of the hope was priced it. Secondly, it posted first Q loss since 2016...and back then the prices fell to historic supports I think we will see again.
In other news they expect increase in demand and stabilization in material costs so the outlook is bright and their OLED is something market looks forward to massively adopt in their homes, therefore I will be patient and look to enter when this slide reaches critical supports. Keep in mind the fundamentals from the first paragraph and it will all makes sense.
To be continued...
ICX LongICON looks fantastic at the moment, seeing some daily reversal on the 0.618. Targeting 0.00071 and 0.00098.
This is not financial advice.
requested by friend. no position but cryptos are showing supportno position. Pros: its mission and thesis. Cons: The uncertainty of S.Korean government banning ICX vs not.
