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DEEP RESEARCH · STAR 50 INDEX

Volatility and Support in the STAR 50 Index

A personal-pension position check focused on 20-day-line support and trading-volume behavior

Written: 2024-10-18 · Personal pension technical review · Naver Blog

Investment decisions are your own responsibility. This material is research and is not a recommendation to buy or sell.

0. Bottom line first

There was volatility again this week, but the index rebounded today without reaching the 20-day moving average. I am still carrying some losses, but I view the light volume during the decline and the heavier volume on the rebound positively, so I plan to keep holding for now.

1. Where the chart stands

There was some volatility this week, but the index rebounded today without moving down to the 20-day line. Let me look at the chart.

Even after today’s strong move higher, part of the position is still at a loss. Still, because it had stayed near the bottom for so long, I was not particularly worried despite the volatility.

Interpretation: In this phase, I am looking more at support and volume than at short-term profit and loss. The fact that the index did not break the 20-day line, and that volume appeared on the rebound while the decline had little volume, supports the holding view.

STAR 50 index chart and moving-average review

2. Position weight and trading activity

Position

Position weight

In the source post, the position weight is STAR 50 Index 100%.

Trading

This week’s trades

I did not make any trades this week.

Account

Personal pension

The personal pension balance screen is reviewed together.

Official fact: The recorded position weight is #STAR50 Index 100%, and there were no trades this week.

Personal pension account balance screen

3. Risk-management rule

For risk management, I am using the 20-day line as the reference. If the thick blue line on the chart breaks downward, I plan to reduce part of the position, around 50% of the exposure. If it does not recover after two days, I plan to reduce the remaining exposure as well.

20-day-line checkBased on the thick blue line
HoldRebound above the 20-day line
First reductionReduce around 50% on a downside break
Further reductionReduce the rest if it fails to recover after two days
I use damaged support and failure to recover, rather than volatility alone, as the sell-down trigger.

4. Reference material I am watching

Please use this for work reference. I have also recently been watching a YouTube channel run by someone who previously headed Mirae Asset Global Investments’ Shanghai office: https://youtu.be/DkyjlFH_70s?si=LjEQxLySryljJWaL.

Sources

Naver original