The base pattern that Korea’s Kospi 100 came out of is very bullish.
We highlight the initial target being hit this week, as this is a zone that we can expect a short-term pause/pullback.
Aggressive traders can take some profits here and buy a pullback.
Longer-term traders / active investors may want to stay long (and/or trade around positions) for our next target of 2550.
We are still bullish on the Kospi and Korean stocks from a trend trading stand point, we just want investors to be aware of a potential pullback here.
Here’s the chart with analysis.
Kospi 100 Chart
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