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Technology Stocks : Korea Thrunet Co Ltd - (KOREA)

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To: Sojourner Smith who wrote (362)2/19/2000 2:31:00 PM
From: Sojourner Smith  Read Replies (1) of 406
 
TA

1 Momentum has a buy signal. (second one - very bullish IMO).
2 MACD - short term - has been a buy for about week.
3 MACD - long term (8 17 0) buy signal a week ago.
4 RSI (14 2) very strong - I expect a buy signal within 2 weeks.
5 RSI (18 4) still well below 30% line.
6 Stohcastics short term - mid range.
7 Stohcastics long term - still at the bottom of the oversold.
8 Bollinger bands - in the middle heading up. Bullish.
9 Moving Average 30 day - buy
10 Moving Average 50 day - buy

I see mostly bullish charts, but some neutral.
I posted I expected a major run Wednesday, but the
only chart 4 indicates that is a possibility.
The strongest breakout may take longer. Chart 7 and
5 are great indicators of that IMO.
Those indicators predicted CHINA's spike earlier this year.
MACD indicated the recent run in CHINA.

Fundamentals:
GIGM success and Asian bullish trend will help.
IMO politically the two Chinas and India hold more risk that Korea,
however the market is speaking. I feel Korea may not grow as
fast now, but the analysts have ranked Korea as being #1 for
high return/ low risk. Maybe they know something. IMO
Korea is a great long term hold with some nice short term gains
within a month.


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