KOSPI (SEOUL.NDX) - Close: 1 956.36 (+20.14), Jun 29, 2016

Chart Technical Analysis KOSPI (SEOUL)

rsi chart
 Neutral -Medium term, Jun 29, 2016Analysis Explanation
KOSPI is in a falling trend and a continued decline within this trend may be expected. In addition, the price has now risen up towards the ceiling of the trend channel, which should give a reaction down. Is moving within a rectangle formation between support at 1840 and resistance at 2009. A decisive break through one of these levels indicates the new direction for the index. The index has broken up through the resistance at points 1943. This predicts a further rise. In case of negative reactions, there will now be support at points 1943. The index is overall assessed as technically neutral for the medium long term.

1 day-0.58%0.00+1.04%
5 days0.002.02%0.00-1.82%
22 days0.005.05%0.00-0.65%
66 days0.0010.04%0.00-1.38%
Trend -6%1720.63 - 1994.39
Long Term Trading Range2016-06-24
Short Term Trading Range2016-06-24
Moving average2016-03-29
Double Bottom Pattern2016-03-02


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