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 KOSPI (SEOUL.NDX) - Close: 2 053.82 (+6.08), Sep 19, 2014

Chart Technical Analysis KOSPI (SEOUL)

 Weak Positive Candidate -Medium term, Sep 19, 2014Analysis Explanation
KOSPI shows a strong development within a rising trend channel. A further positive development is indicated, and there is support against the floor of the trend channel. Is moving within a rectangle formation between support at 2035 and resistance at 2071. A decisive break through one of these levels indicates the new direction for the index. Has given positive signal from a rectangle formation by a break up through the resistance at 2030. Further rise to 2105 or more is signaled. The index is testing the resistance at points 2060, which may give a negative reaction. The index is overall assessed as technically slightly positive for the medium long term.

1 day-0.54%0.00+0.30%
5 days0.001.80%0.00+0.59%
22 days0.004.44%0.00-0.84%
66 days0.008.21%0.00+3.23%
Trend 11%2024.29 - 2116.50
Short Term Trading Range2014-09-11
Rectangle2014-07-25
Moving average2014-04-15
Inverse Head and Shoulders 2014-04-08
Long Term Trading Range2014-03-28
Inverse Head and Shoulders 2014-03-27


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