π Daily Overview
| π’ Buy | Daedeok (008060) @ β©14,480 |
| π΄ Sell | Songwon Industrial (004430.KS) @ β©9,700 (+5.55%) |
| πΌ Holdings | JS Link (127120.KQ) |
| π Watchlist | Hotel Shilla (008770.KS) Β· KG Chemical (001390.KS) |
| π Today’s Mood | Locking in profits on Songwon, rotating into Daedeok, and letting JS Link run |
| π°π· Market | South Korea (KOSPI & KOSDAQ) |
β‘ Portfolio Snapshot (Intraday, 1:25 PM KST)
| Stock | Entry | Current | Return | Status |
|---|---|---|---|---|
| Songwon Industrial (004430.KS) | β©9,190 | β©9,700 | +5.55% | π΄ Sold |
| JS Link (127120.KQ) | β©42,644 | β©48,650 | +14.09% | π Holding |
| Daedeok (008060) | β©14,480 | β©14,460 | -0.14% | π’ New Entry |
π΄ Exit: Songwon Industrial (004430.KS)
Taking Profits β Volume Did Not Follow
π Exit Rationale
Songwon Industrial delivered a solid return of +5.55% from entry at β©9,190 to exit at β©9,700. However, trading volume failed to expand meaningfully alongside the price move. Without volume confirmation, the price range stayed narrow and momentum felt unconvincing. The decision was made to lock in profits here and look to re-enter once volume picks up and a cleaner breakout setup emerges.
π Technical Picture at Exit
The chart remained constructive at exit β price above all major SMAs, MACD histogram expanding (82.95), and short-selling near historic lows at 0.72%. However, CCI (169.66) and Bollinger %B (0.949) confirmed the stock was running hot without the volume to back it up. The lack of institutional conviction (investment trusts and pension funds mostly absent or selling) further supported the decision to exit.
π Key Stats at Exit
| Entry | Exit | Return | Holding Period |
|---|---|---|---|
| β©9,190 | β©9,700 | +5.55% | April 10 β April 15 |
π£οΈ Jenny’s Dad’s Strategy
“Sold Songwon Industrial at β©9,700, locking in a +5.55% gain. The price action was fine, but volume never really picked up β without that confirmation, the move felt unconvincing. Taking the profit here and stepping aside. If volume returns and the setup looks clean again, re-entry will be on the table. Disciplined exits are part of the process.”
π 1. Holding: JS Link (127120.KQ)
A Rare Earth Magnet Expansion Story β Momentum Accelerating
π Fundamental Story
JS Link is firmly established as a non-China rare earth supply chain play, backed by a β©50 billion investment in its Malaysian subsidiary and a 1,000-ton annual capacity permanent magnet plant. The market continues to price in execution potential within the global de-risking theme. Today’s move to β©48,650 (+2.75%) marks a new high for the current run, with the position now up +14.09% from entry.
π Technical & Supply Chain Insights
- π Trend: All SMAs in strong bullish alignment (SMA 5: β©44,760 / SMA 20: β©40,168 / SMA 60: β©34,106 / SMA 120: β©26,440). The gap between short and long-term averages reflects the structural strength of this move.
- β οΈ Technically Extended: RSI (73.43), CCI (263.05), Bollinger %B (1.148), and Stochastic K (91.65) are all deep in overheated territory. A pullback or consolidation remains possible at any point β this is a high-conviction but high-volatility position.
- ποΈ Institutional Accumulation: Today, investment trusts added +11,000 shares β modest but directionally positive. Yesterday’s strong pension fund buying (+38,713 shares) and investment trust buying (+12,341 shares) confirmed continued institutional interest.
- β Clean Supply: Credit leverage remains at 0.02% β essentially zero. Short-selling negligible. Note that today’s stock lending balance (μκ³ μ£Όμ) reflects a reporting lag β the prior session showed ~916,030 shares, a slight increase from the ~839,000 range, worth monitoring.
π£οΈ Jenny’s Dad’s Strategy
“Currently at β©48,650, up +14.09% from entry at β©42,644. Momentum remains exceptional and institutional support is intact. I am monitoring the 5-day SMA (β©44,760) as the first key support level. The prior resistance zone of β©44,800β45,500 now acts as support on any pullback. I will hold as long as the trend structure remains intact and institutional buying continues.”
π’ 2. New Entry: Daedeok (008060)
Fresh Position β PCB & Defense Theme
π Fundamental Story
Daedeok is a printed circuit board (PCB) manufacturer with exposure to the defense and electronics supply chain theme. At a PBR of 0.84 and PER of 143.32, the valuation reflects early-stage earnings recovery expectations rather than current profitability. The stock has been in a steady uptrend since early April, rising from β©12,420 to today’s β©14,460 β a move of approximately +16.4% over 10 sessions.
π Technical & Supply Chain Insights
- π Trend: Price is well above all major SMAs (SMA 5: β©13,728 / SMA 20: β©13,450 / SMA 60: β©12,035 / SMA 120: β©11,086), confirming a strong medium- to long-term bullish structure.
- β Healthy Momentum: RSI (64.58) has room to run before hitting extreme overbought levels. CCI (86.35) and Bollinger %B (0.808) are elevated but not yet in overheated territory β a relatively cleaner technical entry compared to JS Link.
- π Foreign Buying: Consistent net buyer throughout the 10-session window. Today added +5,000 shares (subject to lag). Total foreign net buying over the period is substantial.
- ποΈ Institutional Breakdown:
- Securities firms: Mixed β active on both buy and sell sides, typical short-term trading behavior.
- Investment trusts: Small buyer in most sessions, but sold -5,000 shares today (subject to lag). Worth watching.
- Pension funds: Emerged as a buyer from April 10 onward β added +4,574 shares (April 10) and +4,259 shares (April 14). This is a meaningful positive signal for medium-term direction.
- Private equity: Largely absent after an early large buy (+8,095 shares on April 2).
- β οΈ Watch Point: Short-selling was elevated in early April, peaking at 17.05% on April 8, before dropping sharply to 4.40% (April 14). This suggests active short covering has contributed to the recent price move. Stock lending balance has been rising β from ~508,000 to ~577,000 shares β which represents a potential source of future selling pressure.
π£οΈ Jenny’s Dad’s Strategy
“Entered Daedeok at β©14,480. The technical setup is constructive without being overheated β RSI has room to run and the trend structure is clean. Pension fund buying in recent sessions gives me confidence in the medium-term direction. I am watching the 5-day SMA (β©13,728) as the first key support level. If the price holds above that and foreign buying remains intact, I will stay with the position.”
π Closing Thoughts
Today was a day of active portfolio management β locking in a disciplined profit on Songwon, opening a fresh position in Daedeok, and watching JS Link push to new highs. The key lesson today: not every winning trade needs to be held forever. Recognizing when momentum is fading β even in a profitable position β and rotating into a fresher setup is just as important as finding the right entry in the first place.
“Profits in Hand, Patience in Mind.”
Jenny's Dad's Investment Notes 
Leave a comment