
Commemorative
Commemorative$Direxion Daily Korea Bull 3x Shares ETF(KORU.US)$ISHRS MSCI S Korea Capped(EWY.US)
For friends thinking of adding to their positions at ultra-low levels, be cautious. You're essentially trying to catch a falling knife.
Purely from a technical analysis perspective, it has already reached the low point of May 18th,
if it breaks below.
EWY's MeasureMove target price is 130,
KORU's MeasureMove target is 110.
Looking at historical market data, there's a 60% probability the Measure Move will be reached.
If you believe in the storage sector, then just add EWY. Do not touch KORU. If EWY falls 30%, it only needs to rise 30% to recover. If KORU falls 90%, it needs to rise 10 times to recover.
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