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 KOSPI (SEOUL.NDX) - Close: 2 076.12 (-6.49), Jul 31, 2014

Chart Technical Analysis KOSPI (SEOUL)

 Positive Candidate -Medium term, Jul 31, 2014Analysis Explanation
KOSPI has broken the rising trend up, which indicates an even stronger rising rate. It also gave positive signal from a rectangle formation at the break up through the resistance at 2046. Further rise to 2115 or more is signaled. The index has support at points 2000. RSI is overbought. The index can still rise further, and we should see a decreasing RSI before this is used as a negative signal. The RSI curve shows a rising trend, which supports the positive trend. The index is overall assessed as technically positive for the medium long term.

1 day-0.55%0.00-0.31%
5 days0.001.84%0.00+2.44%
22 days0.004.57%0.00+3.86%
66 days0.008.22%0.00+5.30%
Trend 7%1959.08 - 2055.78
Rectangle2014-07-28
Short Term Trading Range2014-07-02
Moving average2014-04-15
Inverse Head and Shoulders 2014-04-08
Long Term Trading Range2014-03-28
Inverse Head and Shoulders 2014-03-27
Rectangle2013-06-20


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