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 KOSPI (SEOUL.NDX) Close: 2 388.68 (+10.08), Jun 26, 2017

Chart Technical Analysis KOSPI (SEOUL)

rsi chart
 Weak Positive Candidate -Medium term, Jun 26, 2017Analysis Explanation
KOSPI is in a rising trend and a continued rise within this trend may be expected. However, the price is now close to the ceiling of the trend channel, which may give a reaction down. Has risen strongly since the positive signal from a rectangle formation at the break through the resistance at 2116. The objective at 2246 is now met, but the formation still gives a signal in the same direction. The index has support at points 2070. Negative volume balance weakens the index in the short term. RSI diverges negatively against the price, which indicates a danger for a reaction down. The index is overall assessed as technically slightly positive for the medium long term.

1 day-0.50%690.74+0.42%
5 days-71.331.62%730.57+0.82%
22 days-19.694.15%846.14+3.08%
66 days-27.757.27%829.40+10.74%
Trend 37%2262.43 - 2417.75
Short Term Trading Range2017-04-24
Rectangle2017-03-13
Rectangle2017-02-15
Long Term Trading Range2017-01-11
Moving average2017-01-09
Double Top Pattern2016-11-02

 


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