Technical Analyst - Global with an Asian focus, Aletheia Capital

Chris Roberts

Technical Analyst - Global with an Asian focus

Independent and original Asian investment research

Aletheia Capital

Aletheia Capital (HK) Ltd. (previously known as Asianomics) combines the extensive knowledge of its experienced team with technology and regulatory changes to disrupt Global Markets business in Asia. The firm is completely independent with no conflicts of interest either on Investment Banking advisory or Capital Markets execution.

Technical Analysis

Korea Stock Exchange KOSPI 200 / Technical Analysis

Korea Stock Exchange KOSPI 200 (KOSPI2 INDEX EQUITY)

The MSCI Asia Free ex-Japan (MXASJ – 703) regional benchmark, is expected to exceed 1,080 before the bull market that started in 2016 ends, that’s a gain of more than 50% from the current level.This year two MSCI constituent countries have dominated the advance. As at the end of October, the MSCI China had advanced 51%, while the MSCI Korea had gained 45%. The MSCI India is in a distant third place, up 31%.China and Korea account for more than 50% of the MXASJ.  Our Composite Relative Ratings System, calculated and reviewed quarterly, which takes into account seven different technical factors (including: trending, non-trending and reversion) has been Overweight Korea since end December 2015.We remain Korean bulls, the Kospi 200 (KOSPI2 – 338) has continued to set new all-time highs following the breakout from 6-years of ranging. The index is expected to make further impressive gains as the bull market continues to unfold. And it’s not just all about Samsung Electronics and SK Hynix– some 46% of the Korean stocks in our regional universe are in Quintiles 1 and 2 (the top 40% of our universe based on relative strength).

The MSCI Asia Free ex-Japan (MXASJ – 703) regional benchmark, is expected to exceed 1,080 before the bull market that started in 2016 ends, that’s a gain of more than 50% from the current level.This year two MSCI constituent countries have dominated the advance. As at the end of October, the MSCI China had advanced 51%, while the MSCI Korea had gained 45%. The MSCI India is in a distant third place, up 31%.China and Korea account for more than 50% of the MXASJ.  Our Composite Relative Ratings System, calculated and reviewed quarterly, which takes into account seven different technical factors (including: trending, non-trending and reversion) has been Overweight Korea since end December 2015.We remain Korean bulls, the Kospi 200 (KOSPI2 – 338) has continued to set new all-time highs following the breakout from 6-years of ranging. The index is expected to make further impressive gains as the bull market continues to unfold. And it’s not just all about Samsung Electronics and SK Hynix– some 46% of the Korean stocks in our regional universe are in Quintiles 1 and 2 (the top 40% of our universe based on relative strength).

Korea Stock Exchange KOSPI 200

Korea, Kospi 200: Targeting 400+