Daily BriefsSouth Korea

Daily Brief South Korea: Korea Stock Exchange KOSPI 200 and more

In today’s briefing:

  • EQD | KOSPI 200 Shows a Bullish Pattern for the Upcoming Pullback


EQD | KOSPI 200 Shows a Bullish Pattern for the Upcoming Pullback

By Nico Rosti

  • The KOSPI 200 INDEX closed  up 8 weeks in a row and breached the Inner Fence resistance target at 349, the index is now very OVERBOUGHT.
  • The upcoming pullback could be an occasion to go LONG at better prices: based on pattern analysis there is a chance the correction may be a large one, albeit fast.
  • Support levels to buy are in the 346-336 price area.

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