South Korea’s KOSPI is giving buy signals

Carrying today’s writing theme of the Trifecta of where prices are seeing a Weekly Oversold reading, touching its 200 week moving average and trading at 2.5 standard deviations below its rolling weekly mean……..

the chart below shows circles where South Korea’s Kospi has done so and bodes well as moments to accumulate, should your investment time horizon be longer than 8 minutes.

Although, this is hardly surprising given that its largest company by market capitalisation is also sending the same signals following its 26% decline over the past 52 weeks.

The ‘window’ to sell can see seen at the opposite end of the pendulum.

This week, we are in an accumulating ‘window’.

And, the South Korean Won is at a 13 year low, making their products much more competitive.

I can’t imagine the United States imposing any onerous import tariffs to combat this, either.

Especially following President Biden’s trade and security visit to South Korea only last month, in May 2022

June 16, 2022

by Rob Zdravevski

rob@karriasset.com.au