Daily BriefsSouth Korea

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

In today’s briefing:

  • EQD | KOSPI 200 Readying for LONG Reversal


EQD | KOSPI 200 Readying for LONG Reversal

By Nico Rosti

  • The KOSPI 200 INDEX is correcting after a long multi-week rally. Currently down for 2 weeks (to be confirmed this Friday at close), it’s becoming OVERSOLD.
  • There is a risk of a large slide during this week, so LONG trades should be taken with a careful, hedged approach, but the LONG reversal is pending…
  • The price area between 345 and 334 is where the index could stop its pullback and reverse.

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