A quick look at the KOSPI index shows an overbought condition (the orange circle)—it was far above the upper bound, so a steep correction is normal. Support-1 is the immediate support level. This support trails, meaning it will move higher as the price declines or consolidates. #Korea #Kospi #Stocks
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Korea’s stock market is crashing.
A quick look at the KOSPI index shows an overbought condition (the orange circle)—it was far above the upper bound, so a steep correction is normal.
Support-1 is the immediate support level. This support trails, meaning it will move higher as the price declines or consolidates.
#Korea #Kospi #Stocks