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 KOSPI (SEOUL.NDX) - Close: 1 992.05 (-0.16), Apr 17, 2014

Chart Technical Analysis KOSPI (SEOUL)

 Weak Negative Candidate -Medium term, Apr 17, 2014Analysis Explanation
KOSPI has broken the ceiling of the falling trend, which indicates a slower initial falling rate. Is moving within a rectangle formation between support at 1940 and resistance at 2014. A decisive break through one of these levels indicates the new direction for the index. Has given positive signal from a inverse head and shoulders formation by a break up through the resistance at 1990. Further rise to 2086 or more is signaled. The index is testing the resistance at points 2000, which may give a negative reaction. The index is overall assessed as technically slightly negative for the medium long term.

1 day-0.59%0.00-0.01%
5 days0.001.96%0.00-0.82%
22 days0.004.91%0.00+2.67%
66 days-6.268.83%134.76+2.21%
Trend -12%1835.55 - 1947.72
Moving average2014-04-15
Inverse Head and Shoulders 2014-04-08
Long Term Trading Range2014-03-28
Short Term Trading Range2014-03-27
Inverse Head and Shoulders 2014-03-27
Rectangle2014-01-03
Double Top Pattern2013-08-21
Rectangle2013-06-20
Double Top Pattern2013-04-05


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