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 KOSPI (SEOUL.NDX) - Close: 2 076.12 (-6.49), Jul 31, 2014

Chart Technical Analysis KOSPI (SEOUL)

 Positive Candidate -Long term, Jul 31, 2014Analysis Explanation
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 2064. Further rise to 2422 or more is signaled. The index has broken up through the resistance at points 2030. This predicts a further rise. Volume tops and volume bottoms correspond well with tops and bottoms in the price. This strengthens the trend break. The RSI curve shows a rising trend, which could be an early signal for the start of a rising trend. The index is overall assessed as technically positive for the long term.

1 day-0.55%0.00-0.31%
5 days0.001.84%0.00+2.44%
22 days0.004.57%0.00+3.86%
66 days0.008.22%0.00+5.30%
Trend 0%1667.81 - 2064.52
Rectangle2014-07-30
Rectangle2013-06-20
Double Top Pattern2013-04-05
Double Top Pattern2011-08-04
Rectangle2010-08-02


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