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 KOSPI (SEOUL.NDX) - Close: 2 010.34 (-1.88), Jul 22, 2016

Chart Technical Analysis KOSPI (SEOUL)

rsi chart
 Negative Candidate -Medium term, Jul 22, 2016Analysis Explanation
KOSPI has risen up towards the ceiling of the falling trend channel. A continued decline may be expected and the current price level may be a good exit price. It, however, gave a positive signal from a rectangle formation at the break up through the resistance at 2007. Further rise to 2234 or more is signaled. The index has received a negative signal from the moving average indicator, thus signaling a continued fall. The index is testing the resistance at points 2020, which may give a negative reaction. The index is overall assessed as technically negative for the medium long term.

1 day-0.58%645.23-0.09%
5 days79.152.03%714.27-0.34%
22 days-2.935.11%237.21+1.39%
66 days7.669.90%79.07-0.05%
Trend -4%1762.16 - 2064.13
Moving average2016-07-22
Rectangle2016-07-14
Short Term Trading Range2016-07-04
Long Term Trading Range2016-06-24
Double Bottom Pattern2016-03-02

 


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