Medium term view - KOSPI 200 : Weak reaction on support
The trend is still neutral, but the consolidation shape reminds of a bearish reversal. Breaking below the support at 275.00 pts would validate the existence of a bearish trend with an invalidation above 322.16 pts. The market looks like it is going through a distribution phase.Arguments :
- The moving average is capping prices.
- A head-and-shoulders has just been triggered.
- The reaction on the major support is weak, we anticipate its break soon.
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