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 KOSPI (SEOUL.NDX) - Close: 2 028.91 (-10.36), Sep 23, 2014

Chart Technical Analysis KOSPI (SEOUL)

 Weak Negative Candidate -Long term, Sep 23, 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. Is moving within a rectangle formation between support at 1796 and resistance at 2065. A decisive break through one of these levels indicates the new direction for the index. The index has marginally broken down through the support at points 2030. An established break predicts a further decline. 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 index is overall assessed as technically slightly negative for the long term.

1 day-0.54%0.00-0.51%
5 days0.001.80%0.00-0.69%
22 days0.004.44%0.00-0.75%
66 days0.008.21%0.00+3.09%
Trend 0%1796.19 - 2084.96
Rectangle2013-06-20
Double Top Pattern2013-04-05
Double Top Pattern2011-08-04
Rectangle2010-08-02


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