Investtech.com
 KOSPI (SEOUL.NDX) - Close: 1 996.81 (+11.01), Mar 2, 2015

Chart Technical Analysis KOSPI (SEOUL)

 Positive Candidate (Score: 58)
-Overall analysis, Mar 2, 2015
Analysis Explanation
KOSPI is technically positive for the short and medium term, but negative for the long term.

 Positive Candidate (Score: 72)
-Short 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 inverse head and shoulders formation by a break up through the resistance at 1970. Further rise to 2047 or more is signaled. The index has support at points 1987. RSI is overbought, which indicates a potential short-term reaction down. The index is overall assessed as technically positive for the short term.

 Positive Candidate (Score: 89)
-Medium term
KOSPI is within an approximate horizontal trend, which indicates further development in the same direction. Has given positive signal from a inverse head and shoulders formation by a break up through the resistance at 1970. Further rise to 2047 or more is signaled. The index has broken up through the resistance at points 1986. This predicts a further rise. The index is overall assessed as technically positive for the medium long term.

 Weak Negative Candidate (Score: -46)
-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 1802 and resistance at 2068. A decisive break through one of these levels indicates the new direction for the index. The index is testing the resistance at points 2050, which may give a negative reaction. 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 slightly negative for the long term.

1 day-0.49%0.00+0.55%
5 days0.001.65%0.00+1.44%
22 days0.004.01%0.00+2.35%
66 days0.006.88%0.00+0.81%

 


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here www.investtech.com/disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

Titlex

OK