Company: Hyundai Mobis
Ticker: 012330
Exchange: Korea Exchange (KRX)
Index: KOSPI 100
Region: South Korea
Introduction:
Greetings to all. In today's technical analysis, we're focusing on Hyundai Mobis, a constituent of the KOSPI 100. The company's weekly chart reveals a compelling potential long position setup, featuring a clear rounding bottom pattern.
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I see that Mobis stock will continue its movement down as there is a big momentum making the bearish in control of the market. There is no way to try going bullish .
The trendline shows that the market was in a very strong bullish movement but it is retesting now and it may go back high again in the near future.
