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Woori Technology (032820) Rebounds from Previous Day's Plunge... 15,000-Won Support Level 'Key'

Woori Technology (032820) successfully rebounded in the trading session on the 16th, shaking off the previous day's sharp decline. However, with short-term vola

CBC News Desk
Staff Reporter
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Woori Technology (032820) Rebounds from Previous Day's Plunge... 15,000-Won Support Level 'Key'
CBC News

Woori Technology (032820) successfully rebounded in the trading session on the 16th, shaking off the previous day's sharp decline. However, with short-term volatility having clearly expanded recently, investors' attention is focused on the future direction of the stock price.

On the 16th, Woori Technology closed at 15,560 won, up 480 won (3.18%) from the previous trading day. The stock price, which had plunged 14.17% the day before to close at 15,080 won, rebounded in a single day, partially restoring investor sentiment.

The recent stock price trend shows significantly expanded volatility. On the 12th, the stock surged 4,050 won (29.96%) compared to the previous trading day, recording strength near the daily limit, but it subsequently gave back much of those gains with a sharp decline on the 15th.

In the market, attention is focused on whether the 15,000-won level can hold as support in the short term. Some point out that it is necessary to monitor whether additional upward momentum may emerge going forward. Whether the stock can sustain its strength following the short-term rebound or whether it will prove to be a temporary bounce is the key point to watch going forward.

[※ This article is provided as reference material for investment decisions, and the final responsibility for investments lies with the investor.]

CBC News Desk
Staff Reporter

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