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 KOSPI (SEOUL.NDX) - Close: 1 917.79 (+1.53), Feb 5, 2016

Chart Technical Analysis KOSPI (SEOUL)

rsi chart
 Neutral (Score: -1)
-Overall analysis, Feb 5, 2016
Analysis Explanation
KOSPI is technically negative for the short term, neutral for the medium term, and positive for the long term.

 Negative Candidate (Score: -74)
-Short term
KOSPI is within a falling trend and continued decline within the current trend is indicated. On reactions back, there is resistance against the ceiling of the trend channel. The index is approaching the resistance at points 1927, which may give a negative reaction. The index is assessed as technically negative for the short term.

 Neutral (Score: 10)
-Medium term
KOSPI does not show any clear trend. The index has support at points 1884 and resistance at points 1990. The index is assessed as technically neutral for the medium long term.

 Positive Candidate (Score: 63)
-Long term
KOSPI is within an approximate horizontal trend, which indicates further development in the same direction. Is moving within a rectangle formation between support at 1813 and resistance at 2235. 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 1890. This predicts a further rise. In case of negative reactions, there will now be support at points 1890. The index is overall assessed as technically positive for the long term.

1 day-0.57%0.00+0.08%
5 days0.001.97%0.00+0.30%
22 days0.004.98%0.00-0.40%
66 days0.009.67%0.00-6.38%

 


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