In today’s briefing:
- Buying the Most Unloved Asian Market
Buying the Most Unloved Asian Market
- Korea is a market we have been shorting from the summer of 2021 and just turned long near compelling physical support.
- Closed short positions from 366 and 353 for gains of 20% and 15%. A rally opportunity should open up if the global cycle gets a few lifts in July.
- 300 price support from 2020-21 previous highs and lows makes for a natural platform for short covering that may lead to a move to 324/328 where noted retracements lie.
Before it’s here, it’s on Smartkarma
