In today’s briefing:
- LG Energy Solution (373220 KS) – Potential Float Increase Coming Up
- EQD | KOSPI 200 Index WEEKLY: Rising After a Brief Pullback
LG Energy Solution (373220 KS) – Potential Float Increase Coming Up
- Selling from the ESOP program in the first quarter could result in an increase in LG Energy Solution (373220 KS)‘s float in local and global indices.
- The largest buying from passive trackers could take place next month with over 3% of the real float needing to be bought.
- Short interest has increased in the last month and short covering could take the stock higher ahead of the passive buying.
EQD | KOSPI 200 Index WEEKLY: Rising After a Brief Pullback
- The KOSPI 200 (KOSPI2 INDEX EQUITY) last week closed the week down (CC=-1) after a strong rise the previous week. Could be getting ready to rise higher.
- The index last week tested supports in the Market Reversal Matrix’s Q2/Median support area (around 335).
- Valid support levels for the coming week (if CC=-2) are between 333 (Q2) and 324 (Q3).
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