KOSPI (SEOUL.NDX) Close: 2 484.37 (+5.56), Oct 17, 2017

Chart Technical Analysis KOSPI (SEOUL)

rsi chart
 Positive Candidate -Medium term, Oct 17, 2017Analysis 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. Has also received a positive signal from the moving average indicator, thus signaling a continued rise. The index has broken up through the resistance at points 2450. This predicts a further rise. RSI is overbought. This shows that the momentum of The index is strong and that the price may well rise further in the short term. We should see a decline in the RSI chart before this is seen as a negative signal. The index is overall assessed as technically positive for the medium long term.

1 day-0.45%479.84+0.22%
5 days12.351.50%536.23+2.08%
22 days-38.593.83%563.90+4.49%
66 days-22.507.43%605.04+3.11%
Trend 24%2380.04 - 2583.34
Moving average2017-10-11
Short Term Trading Range2017-09-15
Long Term Trading Range2017-01-11
Double Top Pattern2016-11-02


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