KOSPI (SEOUL.NDX) - Close: 2 043.63 (-25.09), Sep 30, 2016

Chart Technical Analysis KOSPI (SEOUL)

rsi chart
 Positive Candidate -Medium term, Sep 30, 2016Analysis 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 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 is between the support at points 2025 and the resistance at points 2055. A definitive break through of one of these levels predicts the new direction. Positive volume balance strengthens the index in the short term. Trading volume has increased substantially lately, which may be because of fundamental news. The index is overall assessed as technically positive for the medium long term.

1 day-0.59%648.25-1.21%
5 days77.802.03%929.74-0.51%
22 days34.015.10%902.63+0.19%
66 days-0.229.21%658.02+6.06%
Trend 13%1993.52 - 2143.40
Short Term Trading Range2016-09-29
Moving average2016-07-26
Long Term Trading Range2016-07-26
Double Bottom Pattern2016-03-02


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