KOSPI (SEOUL.NDX) - Close: 1 941.49 (+3.82), Aug 31, 2015

Chart Technical Analysis KOSPI (SEOUL)

 Positive Candidate -Long term, Aug 31, 2015Analysis Explanation
KOSPI is within a rising trend and continued advance within the current trend is indicated. On reactions back, there is support against the floor of the trend channel. Has reacted back after a false break of a rectangle formation. A significant penetration of 1879 will again give new negative signals to the index, while a break of the opposite side of the formation will be a strong positive signal. The index has broken up through the resistance at points 1900. This predicts a further rise. In case of negative reactions, there will now be support at points 1900. The index is overall assessed as technically positive for the long term.

1 day-0.49%0.00+0.20%
5 days0.001.70%0.00+6.10%
22 days0.004.17%0.00-3.84%
66 days0.007.67%0.00-8.20%
Trend 2%1794.86 - 2201.26
Double Top Pattern2013-04-05
Double Top Pattern2011-08-04


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 The content provided by is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.