The ETF is down on the day, since yesterday the market segment is down -1.86%. It looks like KDEF may be interacting with a downward sloping Support line. It may find or support at this level or it's momentum can continue downward. The company has been chopping around the last few months without a clear directional momentum. So it might bounce off here, but hard to say.
If we get a reversal off of support and Plus Korea Defense Industry Index starts moving up, it can probably get to $43.72 at which point it'll need to break through that resistance level in order to keep moving higher. If it punches through this support level, it can easily push down to $32.89 where it may meet further support, hopefully it can consolidate around that point.
