KOSDAQ Rotation Gains Attention as Analysts See Over 10% Upside to 120-Day Line

The KOSDAQ market could emerge as an alternative while the main exchange faces resistance from overhead supply, according to Hankyung. The report said that if the exchange remains sluggish, strength in the relatively underperforming KOSDAQ could become more visible. After breaking above the 50 level, the KOSDAQ faces limited supply pressure until the 55 level, where the 120-day moving average is located, implying more than 10% additional upside. Recent trading volume has exceeded the 3 trillion range on consecutive days, while transaction value has hovered around 1 trillion won. Cash held by individuals after profit-taking, foreign interest in quality shares, and gains in internet stocks such as Daum and NHN were cited as positive factors. However, the report also advised using rebounds in stocks without earnings support to secure more cash. Source: hankyung.com