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 KOSPI (SEOUL.NDX) - Close: 1 900.16 (-3.97), Dec 17, 2014

Chart Technical Analysis KOSPI (SEOUL)

 Neutral (Score: 16)
-Overall analysis, Dec 17, 2014
Analysis Explanation
KOSPI is technically positive for the short and long term, but negative for the medium term.

 Positive Candidate (Score: 54)
-Short term
KOSPI has broken the rising trend and reacted strongly down. For the time being, it is difficult to say anything about the future trend direction. The index is testing the support at points 1900. This should give a positive reaction, but a downward breakthrough of points 1900 means a negative signal. RSI is oversold. The index can still fall further, and we should see an increasing RSI before this is used as a positive signal. The index is overall assessed as technically positive for the short term.

 Negative Candidate (Score: -56)
-Medium term
KOSPI has broken down from an approximate horizontal trend. This signals a continued weak development, and the index now meets resistance on possible reactions up towards the floor of the trend channel. Has also broken the support at 1904 of a rectangle pattern, which signals a further fall. The index is testing the support at points 1900. This should give a positive reaction, but a downward breakthrough of points 1900 means a negative signal. The index is overall assessed as technically negative for the medium long term.

 Weak Positive Candidate (Score: 31)
-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 1799 and resistance at 2067. A decisive break through one of these levels indicates the new direction for the index. The index has support at points 1770 and resistance at points 2040. Volume tops and volume bottoms correspond well with tops and bottoms in the price. This strengthens the index and increases the chance of a break up. The RSI curve shows a falling trend, which is an early signal for a possible trend break down. The index is overall assessed as technically slightly positive for the long term.

1 day-0.53%0.00-0.21%
5 days0.001.78%0.00-2.33%
22 days0.004.43%0.00-2.24%
66 days0.007.81%0.00-6.66%


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