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 KOSPI (SEOUL.NDX) - Close: 2 051.58 (-16.28), Sep 2, 2014

Chart Technical Analysis KOSPI (SEOUL)

 Positive Candidate (Score: 78)
-Overall analysis, Sep 2, 2014
Analysis Explanation
KOSPI is technically positive for the short, medium, as well as the long term.

 Positive Candidate (Score: 62)
-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 2075. The index is assessed as technically positive for the short term.

 Weak Positive Candidate (Score: 36)
-Medium term
KOSPI shows a strong development within a rising trend channel. A further positive development is indicated, and there is support against the floor of the trend channel. 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 down through the support at points 2060. This predicts a further decline. In case of positive reactions, there will now be resistance at points 2060. The index is overall assessed as technically slightly positive for the medium long term.

 Positive Candidate (Score: 83)
-Long term
KOSPI is within a rising trend, which indicates a continued growth. Is moving within a rectangle formation between support at 1795 and resistance at 2065. A decisive break through one of these levels indicates the new direction for the index. 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 trend. The index is overall assessed as technically positive for the long term.

1 day-0.55%0.00-0.79%
5 days0.001.82%0.00-0.80%
22 days0.004.53%0.00-1.04%
66 days0.008.24%0.00+2.84%


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