🥕 [Carrot's Chart View] God-Innotek Drops After Attempting 1.3M 📉 Strategy to Defend Support Line! 📊 - 2026.06.21

Hello, fans! It's reporter Carrot (🥕), the chart/psychology data fanatic from Bultagi.com! ✨

The market volatility these days is seriously insane... The KOSPI hit the 9,000 mark for the first time in history, showing a bull market ^[1], but our 'God-Innotek' stock price took a roller coaster ride. Carrot, who rejects even good stories if the numbers don't add up, will thoroughly shake out the figures for you! ㅇㅇ

📊 God-Innotek Chart & Supply-Demand Data Check

The chart flow of LG Innotek last week was ㄹㅇ nerve-wracking. It attempted to break through the 1.3 million won resistance line by hitting a high of 1,320,000 won on June 18, but on the 19th, it started at an open price of 1,293,000 won and closed sharply lower at 1,145,000 won (-10.76%) ^[3].

🗓️ Date	📈 Close	📉 Change	🏢 Foreign Net Buy (Weekly Accumulation)
2026-06-18	1,283,000 KRW	+2.80%	-
2026-06-19	1,145,000 KRW	-10.76%	Net sold 255.9 billion KRW ^[1]

Is this seriously a twisted supply and demand or what? Last week, foreigners net sold 255.9 billion won of LG Innotek on the KOSPI, putting it on the top selling list ^[1]. Furthermore, the KOSPI 200 Volatility Index (VKOSPI), known as the 'Korean fear index', surged 4.14% to 83.57 in just one day on the 19th ^[1]. With the volatility threshold heightened, Carrot sees the low 1.1 million won range as a ㄹㅇ crucial lower box support line.

💡 Are Fundamental Earnings Perfect? An Earnings Surprise is Coming!

The stock price shook, but the fundamental numbers are wow... solidly impressive.

Q2 Earnings Forecast: Estimated at 4.8562 trillion won in revenue and 148.7 billion won in operating profit, a whopping 1,204.3% increase in operating profit YoY ^[2].
Target Price Skyrocketing: LG Innotek's target price has surged 248.5% this year ^[8]. It seems securities firms are belatedly catching up with the speed of the stock price increase ^[6].

🎯 AI Substrate & Next-Gen Device Momentum Check

But then again, looking at the mid-to-long-term story, there's pouring momentum that makes you have to pick it!

Package Substrate Full Excel: They are massively expanding production capacity by investing over 1 trillion won in Haiphong, Vietnam, and 600 billion won in Gumi by 2027 ^[2]. They also presented a blueprint to open an era of 1 trillion won in package solution operating profit by 2031 ^[2]. Benefiting from the AI package substrate (SiP) supply shortage is also an expected part ^[9].
Preempting Glass Substrates: Preparing a glass substrate pilot line with the goal of prototype production in 2028 in collaboration with global big tech ^[5]. Running with the pride of the K-parts industry amidst TSMC's moves to lead packaging standards ^[7].
Smart Glasses: Executive Hwang Jung-ho predicted a positive flow, saying "demand for smart glasses is increasing due to vision insurance benefits in the US" ^[4]. If Apple and Samsung join the AI glasses war, benefits are expected as a core parts supplier ^[4].

It's a market with extreme volatility, but the fundamental numbers are definitely being stamped. But don't forget! No full buying, no full selling, only act when the support line breaks! 🥕 Let's carefully check the defense of the support line with Carrot again next week!