Breakout Stocks of Week 13 @ KSE
NASDAQ was up last week (week 12) by 2.68% ending at 16,401.84 points after gaining 428.66 points during the week. Our system has detected some possible breakout stocks for the following week and these should be on your watchlist. These are the stocks that are bouncing up with good increase in volume and are likely to do good in short term. One of these stocks are KPX Chemical Co.,Ltd. KSE:025000. This stock has had a buy signal since Feb 19, 2024 when the price was ₩45,400.00 and is so far up 1.54% to ₩46,100.00. Some other companies are on our watchlist to, among these are Daechang Co., Ltd. KSE:012800 Yesco Holdings Co., Ltd. KSE:015360 Hanil Holdings Co., Ltd. KSE:003300 and Daehan Synthetic Fiber Co., Ltd. KSE:003830 which all got a breakout pattern emerging.
| Date | Company | Price | Week 13 |
|---|---|---|---|
| Kpx Chemical Co.,ltd. | ₩46,100.00 | ₩46,150.00 | 0.108% |
| Daechang Co., Ltd. | ₩1,429.00 | ₩1,400.00 | -2.03% |
| Yesco Holdings Co., Ltd. | ₩39,800.00 | ₩38,400.00 | -3.52% |
| Hanil Holdings Co., Ltd. | ₩12,820.00 | ₩12,490.00 | -2.57% |
| Daehan Synthetic Fiber Co., Ltd. | ₩115,800.00 | ₩116,400.00 | 0.518% |
The KPX Chemical Co.,Ltd. stock price gained 0.326% on the last trading day (Friday, 22nd Mar 2024), rising from ₩45,950.00 to ₩46,100.00. During the last trading day the stock fluctuated 0.435% from a day low at ₩45,950.00 to a day high of ₩46,150.00. The price has been going up and down for this period, and there has been a 0.33% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 thousand more shares were traded than the day before. In total, 8 thousand shares were bought and sold for approximately ₩373.23 million.
KPX Chemical Co.,Ltd. holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
The Daechang Co., Ltd. stock price fell by -1.24% on the last day (Friday, 22nd Mar 2024) from ₩1,447.00 to ₩1,429.00. During the last trading day the stock fluctuated 2.40% from a day low at ₩1,419.00 to a day high of ₩1,453.00. The price has fallen in 6 of the last 10 days but is still up by 2.95% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -502 thousand shares and in total, 957 thousand shares were bought and sold for approximately ₩1.37 billion.
Daechang Co., Ltd. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
The Yesco Holdings Co., Ltd. stock price gained 1.02% on the last trading day (Friday, 22nd Mar 2024), rising from ₩39,400.00 to ₩39,800.00. During the last trading day the stock fluctuated 2.43% from a day low at ₩39,150.00 to a day high of ₩40,100.00. The price has risen in 6 of the last 10 days and is up by 2.05% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 11 thousand shares were bought and sold for approximately ₩432.83 million.
Yesco Holdings Co., Ltd. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
The Hanil Holdings Co., Ltd. stock price gained 0.0781% on the last trading day (Friday, 22nd Mar 2024), rising from ₩12,810.00 to ₩12,820.00. During the last trading day the stock fluctuated 1.10% from a day low at ₩12,780.00 to a day high of ₩12,920.00. The price has risen in 6 of the last 10 days but is still down by -0.62% for this period. Volume fell on the last day by -16 thousand shares and in total, 6 thousand shares were bought and sold for approximately ₩72.27 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Hanil Holdings Co., Ltd. stock to perform well in the short-term.
The Daehan Synthetic Fiber Co., Ltd. stock price gained 0.696% on the last trading day (Friday, 22nd Mar 2024), rising from ₩115,000.00 to ₩115,800.00. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.11% from a day low at ₩112,500.00 to a day high of ₩116,000.00. The price has risen in 8 of the last 10 days and is up by 1.85% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 169 more shares were traded than the day before. In total, 293 shares were bought and sold for approximately ₩33.93 million.
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Daehan Synthetic Fiber Co., Ltd. stock to perform well in the short-term.
Despite these candidates are looking good from a technical perspective they may not perform as expected. You should always be cautious when trading and base your decisions on more than one source of information. This does not constitute an offer or recommendation to buy or sell securities.
