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 KOSPI (SEOUL.NDX) - Close: 1 964.43 (+5.50), Oct 31, 2014

Chart Technical Analysis KOSPI (SEOUL)

 Weak Negative Candidate -Long term, Oct 31, 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 1797 and resistance at 2066. A decisive break through one of these levels indicates the new direction for the index. The index has broken down through the support at points 2050. This predicts a further decline. Volume tops correspond well with price tops, and volume bottoms correspond well with price bottoms. 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-0.55%0.00+0.28%
5 days0.001.82%0.00+2.01%
22 days0.004.52%0.00-2.76%
66 days0.008.15%0.00-4.73%
Trend 0%1797.48 - 2086.44
Rectangle2013-06-20
Double Top Pattern2013-04-05
Double Top Pattern2011-08-04
Rectangle2010-08-02


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