KOSPI (SEOUL.NDX) - Close: 2 157.54 (-2.26), Apr 27, 2015

Chart Technical Analysis KOSPI (SEOUL)

 Positive Candidate -Long term, Apr 27, 2015Analysis 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 2105. Further rise to 2323 or more is signaled. The index has support at points 2050. Volume tops correspond well with price tops, and volume bottoms correspond well with price bottoms. This strengthens the trend break. The index is overall assessed as technically positive for the long term.

1 day-0.48%0.00-0.10%
5 days0.001.61%0.00+0.50%
22 days0.003.92%0.00+6.67%
66 days0.006.95%0.00+11.44%
Trend 0%1803.79 - 2093.76
Double Top Pattern2013-04-05
Double Top Pattern2011-08-04


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