Historic support.We are at historic support.If we break and close below all or even 2 of the parallel lines,its over.
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.
