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F&F Co., Ltd. (007700.KS) Shayne Heffernan Recommended Stock

F&F Co., Ltd. (007700.KS) Shayne Heffernan Recommended Stock

F&F Co., Ltd. shows signs of being a high qualitystrong momentum stock

F&F Co.
Ticker: 007700.KS
Price: KRW 97,100

Positive momentum trends show up in share prices and earnings growth. You can find the clues in stocks that are trading close to their 52 week high prices and outperforming the market. They’ll often be beating broker estimates and getting forecast upgrades and recommendation changes.

This is true at F&f Co, where the share price has seen a 40.6% return relative to the market over the past 12 months. Market volatility and economic uncertainty can be a major drag on momentum, but previously strong stocks can be quick to recover when confidence returns.

In summary, good quality and momentum are pointers to some of the best stocks on the strongest uptrends. This combination of factors can be a clue to finding shares that can deliver solid investment profits over many years. 

In good times, these shares can become expensive to buy. But in volatile markets, there may be chances to buy them at knock-down prices.

Business Summary

F&F Co., Ltd is a Korea-based company engaged in the manufacture and marketing of men’s and women’s apparels and accessories. The Company provides apparels and accessories, such as casual apparels, dresses, blouses, sportswear and others under the brand name RENOMA SPORTS CLUB, Banila B, Discovery, MLB KIDS and MLB.

The Company distributes its products through department stores, sales agencies and direct management stores. In addition, it is engaged in the leasing of non-residential buildings.

Shayne Heffernan Trade Idea

“We predict the future price of F&F Co., Ltd. will come in around KRW 136,375 which will give the stock a price increase of +40.45%.”

Price Performance

Relative Valuation

Technical Indicators

Overall, the bias in prices is: Downwards.

Note: this chart shows extraordinary price action to the downside.

By the way, prices are vulnerable to a correction towards 103,371.34.

The projected upper bound is: 105,152.75.

The projected lower bound is: 89,323.25.

The projected closing price is: 97,238.00.

Candlesticks

A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 4 white candles and 6 black candles for a net of 2 black candles. During the past 50 bars, there have been 21 white candles and 27 black candles for a net of 6 black candles.

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 12.7430. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a buy 14 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 42.10. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 139 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -86. This is not a topping or bottoming area. The last signal was a sell 2 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 0 period(s) ago.

Rex Takasugi – TD Profile

F F closed up 100.000 at 97,100.000. Volume was 53% above average (neutral) and Bollinger Bands were 31% narrower than normal.

Open        High        Low         Close         Volume
99,300.000  99,400.000  96,500.000  97,100.000    151,141
Technical Outlook
Short Term:        Oversold
Intermediate Term: Bearish
Long Term:         Bearish
Moving Averages: 10-period      50-period         200-period
Close:           102,340.00     102,700.00        101,829.50
Volatility:      59             49                62
Volume:          152,726        89,473            94,721

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

F F is currently 4.6% below its 200-period moving average and is in an downward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term.

Our volume indicators reflect moderate flows of volume out of 007700.KS (mildly bearish). Our trend forecasting oscillators are currently bearish on 007700.KS and have had this outlook for the last 20 periods.

We invite you to try out any MetaStock product (including Add-Ons) for 30 days. If you are not convinced that it helps you make more accurate, educated trading decisions, just return it to us within the 30 days for a refund of the purchase price. It’s that simple. This policy does not apply to subscriptions.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of the Korean Stock Market.

Trading and investing carries a HIGH LEVEL OF RISK, you could lose some or all of your investment. Trading commodities or any other financial instrument may not be suitable for all traders. Before deciding to trade, you should carefully consider your investment objectives, level of experience, and risk appetite. We accept no liability for any losses or damages you may incur—this means that you alone are responsible for your actions in any trading or investing activities.

Sources:
F&F Co., Ltd. Company Website
Thomson Reuters Metastock and Eikon financial tools

HEFFXhttp://www.heffx.com
HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.

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