KOSPI Breaks 5,000 in a High Exchange-Rate Environment; Checking the Sustainability of the Record-High Rally

Summary

Park Se-ik reviews KOSPI's break above 5,000 and the sustainability of the record-high rally in a high exchange-rate environment. He highlights historical bullish yearly candles, KOSDAQ's potential final blow-off move, and selective chart setups in Samsung SDI, battery stocks, POSCO Holdings, NAVER, Alteogen, and PharmaResearch. He also notes mixed foreign/institutional flows, the weak WTI downtrend, and the lack of clear US index trends.

• KOSPI reached the 5,000 level, with historical yearly candles suggesting further upside if the won-dollar rate falls.
• KOSDAQ recovered from a sharp drop, and the speaker expects a final RSI-overheated rally before the market tops.
• Samsung SDI broke to a 52-week high with a cup-with-handle pattern, supported by foreign buying.
• Korean secondary battery stocks are seeing foreign accumulation, unlike the retail-led 2023 rally.
• POSCO Holdings' chart looks constructive, while NAVER is trading in a box with institutional and foreign buying.
• Alteogen shows a weak chart after failing to recover moving averages, while PharmaResearch needs volume confirmation.
• WTI oil continues its downtrend, and US indices lack a clear trend.
• The speaker also reviews many stock-specific institutional and foreign flow signals without giving all of them independent theses.