Don’t celebrate too soon just because KORU surged to 8.31! Big money keeps flowing out, so this rally may not be as simple as it looks!
A rising price doesn’t mean the market is truly strong. Money is flowing out, and even the prettiest candlestick chart could be a trap!
On the news front, South Korea’s stock market did rise 2.6%, and SK Hynix surged too. It looks positive on the surface. But that’s like getting excited because someone else’s child came first in class, even though it has nothing to do with your own.
As for fund flows, they look positive in the short term, but take a look at the bigger picture: nearly 200 million flowed out over 7 days, and 210 million over 15 days! The major players have been quietly slipping away for a while. This latest push higher is most likely an attempt to find buyers to take the other side.
KORU is riding the broader market and getting a small share of the gains, but money is flowing out underneath. This is a classic case of “using good news as cover to sell.”
Dayu’s trading recommendation: Aggressive followers can open a short position at the current price; more cautious followers can open a long position around 8. #CPI高于预期，美股与BTC再度承压
A rising price doesn’t mean the market is truly strong. Money is flowing out, and even the prettiest candlestick chart could be a trap!
On the news front, South Korea’s stock market did rise 2.6%, and SK Hynix surged too. It looks positive on the surface. But that’s like getting excited because someone else’s child came first in class, even though it has nothing to do with your own.
As for fund flows, they look positive in the short term, but take a look at the bigger picture: nearly 200 million flowed out over 7 days, and 210 million over 15 days! The major players have been quietly slipping away for a while. This latest push higher is most likely an attempt to find buyers to take the other side.
KORU is riding the broader market and getting a small share of the gains, but money is flowing out underneath. This is a classic case of “using good news as cover to sell.”
Dayu’s trading recommendation: Aggressive followers can open a short position at the current price; more cautious followers can open a long position around 8. #CPI高于预期，美股与BTC再度承压
