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 KOSPI (SEOUL.NDX) Close: 2 489.54 (+16.48), Oct 20, 2017

Chart Technical Analysis KOSPI (SEOUL)

rsi chart
 Positive Candidate -Long term, Oct 20, 2017Analysis Explanation
An approximate horizontal trend is broken up. A continued strong development is indicated, and the index now meets support on possible reactions down towards the trend lines. It also gave positive signal from a rectangle formation at the break up through the resistance at 2334. Further rise to 2790 or more is signaled. The index has support at points 2170. Negative volume balance weakens the index in the short term. The index is overall assessed as technically positive for the long term.

1 day-0.45%772.27+0.67%
5 days0.941.49%588.27+0.64%
22 days-44.303.84%565.32+3.04%
66 days-21.637.45%606.98+2.62%
Trend 1%1871.36 - 2236.94
Rectangle2017-05-25
Rectangle2017-03-13
Rectangle2017-02-15
Rectangle2016-07-14
Rectangle2015-04-10
Rectangle2015-01-06
Double Top Pattern2013-04-05

 


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