$SAMSUNG is showing one of the cleaner V-shaped recoveries on the board right now. After getting flushed from 249 down to 199, buyers stepped in aggressively and reclaimed more than half of the sell-off. That's not what weak charts do.
Setup:
• Entry: 218 – 221
• Target 1: 223
• Target 2: 230
• Target 3: 240
• Stop-Loss: 212
Analysis:
The key thing I'm watching is how price reacted at 199. Sellers had complete control during the dump, but the moment that level was tagged, bids started absorbing everything. Since then we've seen a series of higher lows and a strong recovery back above 220.
RSI is pushing toward bullish territory without being extremely overheated, which leaves room for continuation. If bulls can reclaim and hold above 223, I wouldn't be surprised to see a move back toward the 230–240 area where the previous breakdown started.
For me, this isn't a breakout chase. It's a recovery trade. As long as 212 holds, the buyers still have the edge and dips are likely to get bought. 📈🔥
Trade
#Samsung here
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