KB Securities Committee Member Lee Eun-taek's Report Excerpt
However, we need to continue monitoring overheating indicators such as divergence and MDD. This is because even in the strongest bull market, there is no market that continues to rise without divergence corrections. ① When the KOSPI 50-day divergence exceeds 120%, it is necessary to refrain from chasing purchases. Ironically, when it usually exceeds 120%, investors' FOMO is maximized. ② We also need to check if the 50-day divergence peak is declining. This is because in the later stages of a rally, while the market continues to rise, the divergence peak tends to gradually decline. However, I believe that the rally is unlikely to completely collapse until there is a trend increase in interest rates.
[SK Securities Semiconductor Han Dong-hee]
Memory 3 Companies 12MF P/E Update (06/23)
Samsung Electronics 5.6X
SK Hynix 6.6X
* Based on SK Securities estimate
Micron 10.6X
* Based on Bloomberg consensus
The market today was quite poor, and the US futures sentiment is also not good,
I hope the above analysis and comments will be helpful (it was content that gave me hope).
I look forward to a rally unfolding in the upcoming earnings season.
