By Nigam Arora
New President
Left-leaning reformist Lee Jae-myung of the Democratic Party won South Korea’s presidential election. He will succeed Yoon Suk Yeol, who was previously impeached.
Lee’s campaign promises include accelerating the move to a green economy, protecting small businesses, and balancing ties with both Washington and Beijing.
Nice Gains
South Korea was one of The Arora Report’s top countries to buy near the Liberation Day lows.
There are nice gains on Korea ETF of choice EWY. It is trading at $65.50 as of this writing.
Ratings And Buy Zone
The short term rating is *** (To see the locked content, please take a 30 day free trial).
The medium term rating is ***.
The long term rating is ***.
The buy zone is $*** – $***.
What To Do Now
Those in Korea ETF EWY may consider taking advantage of the strength to take partial profits right around here. Please see Trade Management Guidelines on how to take partial profits.
Those not in EWY may consider following the parameters above.
Note: Signal(s) to enter, add, reduce, exit, hold or change.
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Nigam Arora
Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing.
