KSIC trade ideas
KOSPI- An unexpected bounce-Expect PA to be bullish in this accumulation phase + low volatility.
June = July Bull leg
Fibo Channel + distribution.
kospi short termkospi is going down about 1600
wait for the price and enter the long position
enter 1600~1650
stoploss 1550
defaults and economy collapseskorea becomes a socialist nation
korea won will lose paper and lose credit from the world
KOSPI is still in down trend. KOSPI is still in down trend.
KOSPI is still downtrend since Jan. 2018.
It is now try to go up after touching the 2000 strong support line.
In the view of long time frame, it is almost converged so that it is going to show its direction soon.
Indicators says:
MACD shows dead cross and fail to break zero so that it shows downtrend.
However, the RSI is getting higher and supported by the bottom line, so that we can consider the situation that it can break its downtrend.
For safe entry, we can enter after it breaks the downtrend with support of 2000 resistance line.
KOSPI: Long term Buy opportunity.The Seoul index is approaching the multi year Higher Low Support Zone on 1M, which has just turned bearish (RSI = 41.949, MACD = -21.310, Highs/Lows = -101.3235). This creates the optimal conditions for a long term quarterly buy opportunity. Based on previous similar candle patterns, the rebound is expected to go as high as +17.45%. Our target for the next three quarters is 2,400.
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KOSPI - KOREANS ARE LOOKING INTO THE EYES OF THE BEARKRX:KOSPI is looking pretty bad. The overall chart looks bearish and the fundamentals are not getting much better. The uptrend stops reaching the red resistance channels which is another bearish indicator.
Sell-Signal: There are multiple reasons why we are going short, once the purple line is crossed and the price is stagnating in the red zone. The red zones are defining strong support and are also part of the recently established green SupertrenD support channel (not visible in the chart). If you look at the total chart, then it will be the first strong signal once 1950 is broken. That's when we will enter a short position on the index. When 1850 breaks, then we lose the last support channel and will head down without support until the support channel which was established 1998 at the end of the Asian crisis.
We can not really tell you a target for now, because the channel will move up over time, but it might be in the 1500 area. We would manually lower our exposure once the price starts to jump back over 1950 and starts to build support.
I hope this was helpful.
Best,
Felix Kewa
Trends DownIf one is to believe that Chinese growth will continue to slow as is my bias, then you better believe that's terrible for South Korean equities. Today, its the worst performer of all Asian markets so far this afternoon. Overall, no major signals from the oscilators, but I won't be sad if I lose 5 percent on this trade as it fits with my fundamental macro view. See more of that view here: anthonylaurence.wordpress.com
KOSPI1. Fibonacci
As shown in this chart, we can see the retracements to 0.618 or 0.786 level.
So, i will wait to touch the point.
# Don't be serious on my chart. #
KOSPI likely to move into next phase of impulse to the downsideMarket structure is setup for a probable big move down on the KOSPI alongside other world markets currently dropping heavily.
