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 KOSPI (SEOUL.NDX) - Close: 2 068.54 (-7.22), Aug 29, 2014

Chart Technical Analysis KOSPI (SEOUL)

 Positive Candidate (Score: 83)
-Overall analysis, Aug 29, 2014
Analysis Explanation
KOSPI is technically positive for the short, medium, as well as the long term.

 Weak Positive Candidate (Score: 42)
-Short term
KOSPI has fallen back towards the floor of the rising trend channel. A continued rise may be expected and the current price level may be a good entry price. The index has support at points 2016 and resistance at points 2082. The index is assessed as technically slightly positive for the short term.

 Positive Candidate (Score: 92)
-Medium term
KOSPI is within a rising trend, which indicates a continued growth. Has given positive signal from a rectangle formation by a break up through the resistance at 2030. Further rise to 2105 or more is signaled. The index has broken up through the resistance at points 2060. This predicts a further rise. The index is overall assessed as technically positive for the medium long term.

 Positive Candidate (Score: 70)
-Long term
KOSPI is in an approximate horizontal trend and a continued development within this trend may be expected. The price has now risen up towards the ceiling of the trend channel, which should give a reaction down. Has given positive signal from a rectangle formation by a break up through the resistance at 2065. Further rise to 2388 or more is signaled. The index has marginally broken up through the resistance at points 2030. An established break predicts a further rise. Volume tops correspond well with price tops, and volume bottoms correspond well with price bottoms. This strengthens the index and increases the chance of a break up. The index is overall assessed as technically positive for the long term.

1 day-0.55%0.00-0.35%
5 days0.001.83%0.00+0.58%
22 days0.004.54%0.00-0.68%
66 days0.008.25%0.00+2.55%


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