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 KOSPI (SEOUL.NDX) - Close: 1 992.05 (-0.16), Apr 17, 2014

Chart Technical Analysis KOSPI (SEOUL)

 Neutral (Score: -7)
-Overall analysis, Apr 17, 2014
Analysis Explanation
KOSPI is technically positive for the short term, but negative for the medium and long term.

 Positive Candidate (Score: 74)
-Short term
KOSPI has broken the floor of the rising trend, which indicates a weaker initial rising rate. Is moving within a rectangle formation between support at 1940 and resistance at 2012. A decisive break through one of these levels indicates the new direction for the index. Has given positive signal from a inverse head and shoulders formation by a break up through the resistance at 1990. Further rise to 2086 or more is signaled. The index has support at points 1980 and resistance at points 2010. The index is overall assessed as technically positive for the short term.

 Weak Negative Candidate (Score: -40)
-Medium term
KOSPI has broken through the ceiling of a falling trend channel. This indicates a slower falling rate initially, or the start of a more horizontal development. Is moving within a rectangle formation between support at 1940 and resistance at 2014. A decisive break through one of these levels indicates the new direction for the index. Has given positive signal from a inverse head and shoulders formation by a break up through the resistance at 1990. Further rise to 2086 or more is signaled. The index is testing the resistance at points 2000. This should give a negative reaction, but an upward breakthough of points 2000 means a positive signal. The index is overall assessed as technically slightly negative 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 1908 and resistance at 2028. A decisive break through one of these levels indicates the new direction for the index. The index is testing the resistance at points 2030, which may give a negative reaction. 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 slightly negative for the long term.

1 day-0.59%0.00-0.01%
5 days0.001.96%0.00-0.82%
22 days0.004.91%0.00+2.67%
66 days-6.268.83%134.76+2.21%


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