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 KOSPI (SEOUL.NDX) - Close: 2 065.61 (-7.18), Jan 20, 2017

Chart Technical Analysis KOSPI (SEOUL)

rsi chart
 Weak Positive Candidate -Medium term, Jan 20, 2017Analysis Explanation
KOSPI is within a rising trend, which indicates a continued growth. Is moving within a rectangle formation between support at 1977 and resistance at 2102. 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 2007. Further rise to 2234 or more is signaled. The index has marginally broken down through the support at points 2070. An established break predicts a further decline. The index is overall assessed as technically slightly positive for the medium long term.

1 day-0.57%799.08-0.35%
5 days-47.721.94%1 072.16-0.54%
22 days-7.644.77%833.48+1.36%
66 days-21.467.91%661.30+1.23%
Trend 5%1934.30 - 2110.80
Long Term Trading Range2017-01-11
Moving average2017-01-09
Short Term Trading Range2016-12-06
Double Top Pattern2016-11-02
Rectangle2016-07-14
Double Bottom Pattern2016-03-02
Head and Shoulders Pattern2016-01-04

 


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