KOSPI (SEOUL.NDX) - Close: 1 897.50 (-2.66), Dec 18, 2014

Chart Technical Analysis KOSPI (SEOUL)

 Weak Positive Candidate -Long term, Dec 18, 2014Analysis 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 1799 and resistance at 2067. A decisive break through one of these levels indicates the new direction for the index. The index has support at points 1770 and resistance at points 2040. Volume tops and volume bottoms correspond well with tops and bottoms in the price. This strengthens the index and increases the chance of a break up. 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 slightly positive for the long term.

1 day-0.53%0.00-0.14%
5 days0.001.78%0.00-1.00%
22 days0.004.43%0.00-3.53%
66 days0.007.80%0.00-7.12%
Trend 0%1799.20 - 2088.44
Double Top Pattern2013-04-05
Double Top Pattern2011-08-04

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