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 KOSPI (SEOUL.NDX) Close: 2 361.67 (+13.41), Aug 17, 2017

Chart Technical Analysis KOSPI (SEOUL)

rsi chart
 Positive Candidate (Score: 62)
-Overall analysis, Aug 17, 2017
Analysis Explanation
KOSPI is technically positive for the short and long term, and neutral for the medium term.

 Weak Positive Candidate (Score: 35)
-Short term
KOSPI has broken the floor of the rising trend, which indicates a weaker initial rising rate. The index has marginally broken up through the resistance at points 2360. An established break predicts a further rise. The RSI curve shows a falling trend, which could be an early signal for the start of a falling trend. The index is overall assessed as technically slightly positive for the short term.

 Neutral (Score: 8)
-Medium term
KOSPI has broken the floor of the rising trend, which indicates a weaker initial rising rate. Has risen strongly since the positive signal from a rectangle formation at the break through the resistance at 2116. The objective at 2246 is now met, but the formation still gives a signal in the same direction. The index has support at points 2070 and resistance at points 2450. The index is overall assessed as technically neutral for the medium long term.

 Positive Candidate (Score: 83)
-Long 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. It also gave positive signal from a rectangle formation at the break up through the resistance at 2334. Further rise to 2790 or more is signaled. The index has support at points 2050. The index is overall assessed as technically positive for the long term.

1 day-0.47%534.23+0.57%
5 days-28.821.53%610.35-0.28%
22 days-23.843.87%648.41-2.61%
66 days-7.187.58%754.36+3.10%

 


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