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Kospi

KOSPI Composite index (KOSPI) - Bears is about to take over 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 choppy zone or bearish territory. The target zone of pattern will be below previous 4th wave of impulse cycle, means around 2000-2050 level. Great set up that every Elliottician love to trade.
KRX:KOSPIShort
by EWFcw
Bottoms UPSometimes, when your life is too routine and the things you are exposed to are more or less the same, you become complacent. Go to work, come home, cook dinner, play games, sleep. Repeat and rinse. In trading/investment, it can be the same as well. If you stick to your own local markets, the companies that are very familiar with (strong brand name, you are the customers for years, good review, etc), then you might missed out good opportunities. Good opportunities such as markets in Thailand, Korea, Japan and Malaysia. For STI (SG market), it has only rebound from the bottom of 23 March around 22%. If you do some research, reading the news, etc you would know that these markets are faring better than STI. They went up on average 43% from the bottom. Why wouldn't one want to make more money given the same time frame? Risks? Unless you are venturing into the stocks in these countries which your broker might charge for a higher commission and custody fee, you are better off looking at the ETFs in these countries. KLSE index (Malaysia) is EWM ETF Japan index is Nikkei 225 index (futures) which most platforms will have or EWJ ETF SET index (Thailand) is THD ETF KOSPI index (Korea) is EWF ETF Please do your own due diligence as the above is an example only. There are many ETFs that invest in these countries that offer different components mix and expenses. You want to look for one that offers the lowest . I remain cautiously bullish on Asia markets now that the various countries are slowly reopening their economies and businesses are coming back as well. The consumers would still have to accept some inconvenience like putting on masks, keeping a social distance, no dine in at food outlets,etc. Other than that, being able to resume back to their pre-Covid 19 days is liberating for many who find staying at home stressful and suffocating. Again, this chart is not exhaustive as comparing all available tradeable Asian countries would make the charts looks confusing. So , feel free to make your own index and/or ETFs comparison and decide if investing outside of your country is worthwhile, offering you a better ROI, etc.
TVC:STILong
by dchua1969
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.
TVC:KOSPIShort
by GTStockmaster
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. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
TVC:KOSPILong
by InvestingScope