SAMSUNG is currently around 166. It surged up to around 169 from the front but didn’t hold there; it even got smashed down to around 159. Over the past two days, it has been repaired back to 166, and it has re-established itself above both key moving averages. In the last 24 hours, it’s risen by a bit more than two points.
But if you ask whether it’s going to turn strong immediately—I’ll keep a wait-and-see stance. The derivatives side isn’t cooperating much. In the past 24 hours, open interest dropped by nearly 10%, and in the last 7 hours it shrank by more than 4 points again. This suggests there hasn’t been fresh capital entering at this level; instead, existing positions are being withdrawn. The funding rate is sitting near 0, and longs are unwilling to pay even a slight premium—sentiment is flat.
The aggressive trading on the tape is even more obvious. Over the past nearly 7 hours, the buy/sell ratio has been trending steadily downward: sell orders are pressing down on buy orders. At the current price level, it looks more like someone is exiting in batches rather than rushing in.
The order book doesn’t look bad, though. Buy-side limit orders are thicker than sell-side ones, and the bid-ask spread is kept very tight, with some support below in the short term. But support and proactive buying are two different things—one is passive waiting for bids to be filled, and the other is real money raising the price.
So my view is neutral to slightly cautious. The price repair hasn’t broken down, but capital hasn’t given a clear direction. Over the 4-hour and daily charts it’s been moving sideways; there’s no strong conviction for aggressive long entries. Chasing longs from here isn’t great in terms of risk-reward. If you’re currently flat, don’t rush either—wait for a pullback confirmation. Then when derivatives open interest starts to turn up and the aggressive buy side can press back above the sell orders, that’s when it will feel more comfortable to act.
#samsung $SAMSUNG