Trade Ideas: KF
Momentum play with a developing bullish engulfing pattern shaping off $37 support. Also support a 2.3% dividend yield. Run stops on a break of the rising support trendline.
The Korea Fund, Inc. operates as a closed-end, nondiversified management investment company. It primarily invests in Korean securities. The fund’s portfolio of investments includes investments in companies operating in the information technology, financials, consumer discretionary, telecommunications services, materials, industrials, consumer staples, and energy.