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.
