Hello folks! Here are some recent bullish breakouts in Asia, you may find profitable, if played well.
1. South East Asia - Since my last update around the all-time highs, a nice breakout - as suggested!
2. Malaysia KLSE - First time covering this index. Also a nice breakout above 2007 highs.
3. Korea KOSPI - Overtaking its maternal twin, the SENSEX, KOSPI has looked increasingly bullish and maybe about to break its 2007 highs. What Korean conflict??? Shows exactly why markets are hardly driven by news.
Strategy
As all the markets above are in overbought territory, my strategy will be to stay long these markets, and add upon corrections, with a stop loss just below the breakout levels.
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