KOSPI (SEOUL.NDX) - Close: 2 067.86 (-0.68), Sep 1, 2014

Chart Technical Analysis KOSPI (SEOUL)

 Positive Candidate -Long term, Sep 1, 2014Analysis Explanation
KOSPI has risen up towards the ceiling of an approximate horizontal trend channel. A continued development within this trend channel may be expected and the current price level may be a good exit price. Has given positive signal from a rectangle formation by a break up through the resistance at 2065. Further rise to 2388 or more is signaled. The index has marginally broken up through the resistance at points 2030. An established break predicts a further rise. Volume tops correspond well with price tops, and volume bottoms correspond well with price bottoms. This strengthens the index and increases the chance of a break up. The index is overall assessed as technically positive for the long term.

1 day-0.55%0.00-0.03%
5 days0.001.82%0.00+0.34%
22 days0.004.53%0.00-0.40%
66 days0.008.25%0.00+2.76%
Trend 0%1795.43 - 2084.08
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.