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 KOSPI (SEOUL.NDX) - Close: 2 065.61 (-7.18), Jan 20, 2017

Chart Technical Analysis KOSPI (SEOUL)

rsi chart
 Positive Candidate -Long term, Jan 20, 2017Analysis 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 1977 and resistance at 2102. 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 testing the support at points 2060. This should give a positive reaction, but a downward breakthrough of points 2060 means a negative signal. The index is overall assessed as technically positive for the long term.

1 day-0.57%811.06-0.35%
5 days-48.911.94%1 074.56-0.54%
22 days-7.824.77%834.03+1.36%
66 days-21.517.91%661.48+1.23%
Trend 1%1855.40 - 2217.86
Rectangle2016-07-14
Rectangle2015-04-10
Rectangle2015-01-06
Double Top Pattern2013-04-05

 


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