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Hello. The market rose a bit today, but Samsung Electronics fell again today. I mentioned that I was looking at the extent of the decline down to 61,000 won or 60,000 won, so there is still some room left. However, the market ended its 2022 decline at 61,000 won, formed an inverse Cadbury shoulder pattern, and continued its bull run after breaking through the neckline.
It struggled to climb back up, but it has plummeted so sharply in the short term. This is a zone where a technical rebound could occur very significantly. Since it is a position where you might not make a profit even if you enter for swing trading, I am also accumulating shares here. I view it as a decent position even from a long-term perspective.
Personally, I believe this trend line is still alive and has not been broken. Currently, for the double top to be completed, it needs to break through the 50,000 won level. It must break the low of the previous peak for the double top to be completed. A rebound could occur from this spot before that, or even if it drops significantly further, if it holds the 50,000 won level and rebounds again, a trajectory like this could emerge from here.
For the double top to be completed, it needs to break 5,000 won. That is what I am saying. Personally, I am not looking at a scenario where a double top is completed and then collapses. If a strong technical rebound occurs and the US market delivers another major shock as I feared, it could fall again; however, my view is that even in the worst-case scenario, it will hold above the 50,000 won level.
It has moved to the upper end and is falling again, but personally, I am waiting for it to reach the 60-day moving average here. Looking at it from a technical perspective, as I have repeatedly mentioned, the trend has reversed. Because it is currently stuck in this resistance zone where a lot of selling pressure has accumulated, it is bound to fluctuate here.
However, if you accumulate shares during this fluctuation, you will eventually exit with a significant profit. Tesla has also reversed its trend, and since I am looking at a future rise, I intend to continue holding. However, while it is currently rising, the upward momentum is not strong. In the past, when it rose, it rose strongly with a sharp angle, but right now it feels a bit like it is trudging up.
There are many handles, and it looks like it is rising weakly over several hours. I wish we could see a strong breakout accompanied by trading volume like this, but currently, it is lacking strength. Since it is rising, a correction like this could occur at any moment. Therefore, rather than going all-in thinking, "Should I enter right now?
Am I missing the bus? Let's just go in now," I would advise that if you really want to enter, you should invest in installments little by little. I mentioned that a correction is quite possible in the current zone and that we are continuously keeping a close watch on the market. This is the Nasdaq back futures chart.
It is currently holding this level. In the last video, I emphasized that 20,000 is extremely important. Since there were two consecutive sharp drops because it failed to break through 20,000, I explained that it had broken through to 20,200 and is currently holding support at this level. If it breaks down here, another major decline could occur, so I told you that this level is a very important point.
It needs to break through this level to complete the double bottom pattern and aim for the all-time high again. Yes, both the Nasdaq and SXX Lee Jae-hyun look weak. The Nasdaq reached the previous wave, but SXS N is not doing so. However, if you connect the highs, you can see that it has broken through the short-term trend.
It is currently receiving support here. Rather than thinking it will fall again, the trend line here... I am expecting to see it find support and rise once again. While doing so, we need to execute the 2337 strategy. As the SXS bottom is completed, we can aim for the all-time high once more. Nvidia continues to lower its highs; currently, it is failing to break through the 601-day moving average and continues to face resistance.
It needs to break through here. If it does break through, this trend line could become resistance again. It is a section with many challenges to overcome; it is a tricky position to buy recklessly. Apple is also in a situation where it could form a mountain right now. Because it can form another mountain in that manner, until Apple gets excited about breaking its high again, it is currently in the resistance zone.
Since it is hitting resistance and falling, holy, this is not a position where you should enter immediately. Currently, I am not doing much trading myself. Our membership members might be getting bored. You joined the membership, but there is n't much trading, so it is n't fun right now. However, rather than thinking about making money right now, I am looking for an opportunity to catch the bottom.
Therefore, I should not be greedy, and to seize that opportunity, I... I will try to be patient and hold back my itching fingers. So, that’s all for today’s wrap-up.
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