Breakout Stocks of Week 15 @ KSE
NASDAQ was down last week (week 14) by -0.799% ending at 16,248.52 points after falling -130.94 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 Lock&Lock Co., Ltd. KSE:115390. This stock has had a buy signal since Apr 01, 2024 when the price was ₩6,950.00 , but have so far fallen -2.88% to ₩6,750.00. Some other companies are on our watchlist to, among these are HDC I-Controls Co., Ltd. KSE:039570 Hitejinro Holdings Co., Ltd. KSE:000140 Sebang Co., Ltd KSE:004360 and Rifa Co.,Ltd. KSE:000760 which all got a breakout pattern emerging.
| Date | Company | Price | Week 15 |
|---|---|---|---|
| Lock&lock Co., Ltd. | ₩6,750.00 | ₩7,410.00 | 9.78% |
| Hdc I-controls Co., Ltd. | ₩8,490.00 | ₩8,500.00 | 0.118% |
| Hitejinro Holdings Co., Ltd. | ₩9,050.00 | ₩9,050.00 | 0% |
| Sebang Co., Ltd | ₩11,600.00 | ₩11,420.00 | -1.55% |
| Rifa Co.,ltd. | ₩14,810.00 | ₩14,700.00 | -0.743% |
The Lock&Lock Co., Ltd. stock price fell by -2.17% on the last day (Friday, 5th Apr 2024) from ₩6,900.00 to ₩6,750.00. During the last trading day the stock fluctuated 4.03% from a day low at ₩6,700.00 to a day high of ₩6,970.00. The price has been going up and down for this period, and there has been a 8.35% gain for the last 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 -36 thousand shares and in total, 65 thousand shares were bought and sold for approximately ₩437.43 million.
Lock&Lock 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 HDC I-Controls Co., Ltd. stock price gained 0.473% on the last trading day (Friday, 5th Apr 2024), rising from ₩8,450.00 to ₩8,490.00. During the last trading day the stock fluctuated 2.28% from a day low at ₩8,320.00 to a day high of ₩8,510.00. The price has risen in 6 of the last 10 days and is up by 4.04% over the past 2 weeks. Volume fell on the last day by -9 thousand shares and in total, 5 thousand shares were bought and sold for approximately ₩41.24 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.
HDC I-Controls 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 Hitejinro Holdings Co., Ltd. stock price gained 1.00% on the last trading day (Friday, 5th Apr 2024), rising from ₩8,960.00 to ₩9,050.00. During the last trading day the stock fluctuated 1.79% from a day low at ₩8,920.00 to a day high of ₩9,080.00. The price has fallen in 5 of the last 10 days and is down by -0.11% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 thousand more shares were traded than the day before. In total, 12 thousand shares were bought and sold for approximately ₩106.42 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 Hitejinro Holdings Co., Ltd. stock to perform well in the short-term.
The Sebang Co., Ltd stock price gained 0.0863% on the last trading day (Friday, 5th Apr 2024), rising from ₩11,590.00 to ₩11,600.00. During the last trading day the stock fluctuated 1.57% from a day low at ₩11,460.00 to a day high of ₩11,640.00. The price has fallen in 6 of the last 10 days and is down by -3.81% for this period. Volume fell on the last day by -11 shares and in total, 47 thousand shares were bought and sold for approximately ₩541.82 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 of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
The Rifa Co.,Ltd. stock price gained 0.135% on the last trading day (Friday, 5th Apr 2024), rising from ₩14,790.00 to ₩14,810.00. During the last trading day the stock fluctuated 3.22% from a day low at ₩14,600.00 to a day high of ₩15,070.00. The price has fallen in 8 of the last 10 days and is down by -7.21% for this period. Volume fell on the last day by -481 shares and in total, 1 thousand shares were bought and sold for approximately ₩21.43 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 of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
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.
