KOSPI (SEOUL.NDX) - Close: 2 024.69 (-6.38), Dec 9, 2016

Chart Technical Analysis KOSPI (SEOUL)

rsi chart
 Neutral -Long term, Dec 9, 2016Analysis Explanation
KOSPI is within an approximate horizontal trend, which indicates further development in the same direction. Is moving within a rectangle formation between support at 1966 and resistance at 2090. A decisive break through one of these levels indicates the new direction for the index. Has given positive signal from a rectangle formation by a break up through the resistance at 2007. Further rise to 2234 or more is signaled. The index is approaching the resistance at points 2060, which may give a negative reaction. The RSI curve shows a falling trend, which is an early signal for a possible trend break down. The index is overall assessed as technically neutral for the long term.

1 day-0.59%456.89-0.31%
5 days-61.722.00%441.78+2.74%
22 days-39.634.86%522.08+3.39%
66 days-9.088.78%680.50-2.02%
Trend 1%1852.85 - 2214.81
Double Top Pattern2013-04-05


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.