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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Video Samsung Probes Key Resistance Bulls and Bears Build Their Case

Article By: ,  Financial Analyst
September 18, 2019 1:46 AM


Samsung has seen an intraday break of key resistance, yet volumes are low and bears may have a case to make. Whichever camp you’re in, keep a close eye on price action around current levels as it could pace the way for a sizable move in either direction.

Bullish clues:

  • Trade tensions between US and China have thawed (for now)
  • A multi-month, inverted head and shoulders could be close to a breakout
  • Bullish momentum has erupted of late, heading into key resistance (the neckline)
  • A small bullish hammer marks a clear swing low beneath the neckline

Bearish clues:

  • Trade tensions between US and China could return (although this will likely be October if they do)
  • Samsung has underperformed relative to the Semiconductor ETF (SOXX) this past year
  • SOXX resides below key resistance after an already solid run (will resistance hold for the sector?)
  • Today’s intraday breakout has been seen on low volume. A breakout on low volume (or series of bearish candles which revert beneath the breakout level) could be used to warn of a bull-trap



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