Samsung Electronics - Long - W formation - Daily - 14 Oct 2019

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SAMSUNG ELECTRONICS CO GDR EACH REP 25 COM STK KRW100(144A) (LSIN:SMSN)

LSIN:SMSN SAMSUNG ELECTRONICS CO GDR EACH REP 25 COM STK KRW100(144A)

Samsung Electronics has been forming a W formation since May 2019. It has recently broken above the $1,025 neckline level, showing momentum is set to continue up. This gives us a great opportunity to go long and buy the share.

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Timon Rossolimos
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(Pro trader since 2003)