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 KOSPI (SEOUL.NDX) - Close: 2 073.10 (-3.02), Aug 1, 2014

Chart Technical Analysis KOSPI (SEOUL)

 Positive Candidate (Score: 80)
-Overall analysis, Aug 1, 2014
Analysis Explanation
KOSPI is technically positive for the short, medium, as well as the long term.

 Positive Candidate (Score: 54)
-Short term
KOSPI has broken up from an approximate horizontal trend. This signals a continued strong development, and the index now meets support on possible reactions down towards the ceiling of the trend channel. The index has support at points 2016. RSI is overbought, which indicates a potential short-term reaction down. The RSI curve shows a rising trend, which could be an early signal for the start of a rising trend. The index is overall assessed as technically positive for the short term.

 Positive Candidate (Score: 67)
-Medium term
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 given positive signal from a rectangle formation by a break up through the resistance at 2046. Further rise to 2115 or more is signaled. The index has support at points 2000. RSI is overbought. The index can still rise further, and we should see a decreasing RSI before this is used as a negative signal. 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 2064. Further rise to 2422 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 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 index is overall assessed as technically positive for the long term.

1 day-0.55%0.00-0.15%
5 days0.001.85%0.00+1.93%
22 days0.004.57%0.00+2.87%
66 days0.008.23%0.00+5.27%


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