Samsung Electronics of KOSPI index spent its good earnings hitting 1,000,000 won, its all time High since it got its IPO.
This is also one of my most observed stocks as most of the ASIA Pacific funds has this stock in their Top 10 Portfolio (including Bank Of China and China Mobile - to be reviewed soon) and I personally Trade the local ING Asia-Pacific Fund and HSBC's Asia Pacific Fund.
Both funds hit also its 52week highs with 10.45 and 54.81 prices respectively upon hitting 1M Won.
With its MACD weakening, and hitting its uptrend resistance, we will expect again a few walls for this stock, and correction, before it could possible see another rounds of 52 week highs.
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