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 KOSPI (SEOUL.NDX) - Close: 2 027.99 (+19.50), Aug 4, 2015

Chart Technical Analysis KOSPI (SEOUL)

 Positive Candidate -Long term, Aug 4, 2015Analysis Explanation
KOSPI shows a strong development within a rising trend channel. A further positive development is indicated, and there is support against the floor of the trend channel. Is moving within a rectangle formation between support at 1880 and resistance at 2195. 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. In case of positive reactions, there will now be resistance at points 2050. The index is overall assessed as technically positive for the long term.

1 day-0.48%0.00+0.97%
5 days0.001.63%0.00-0.54%
22 days0.004.00%0.00-3.63%
66 days0.007.38%0.00-4.66%
Trend 2%1790.51 - 2196.17
Rectangle2015-04-10
Rectangle2015-01-06
Double Top Pattern2013-04-05
Double Top Pattern2011-08-04
Rectangle2010-09-10

 


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