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 KOSPI (SEOUL.NDX) - Close: 2 067.86 (-0.68), Sep 1, 2014

Chart Technical Analysis KOSPI (SEOUL)

 Positive Candidate -Long term, Sep 1, 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. Has given positive signal from a rectangle formation by a break up through the resistance at 2065. Further rise to 2388 or more is signaled. The index has marginally broken up through the resistance at points 2030. An established break predicts a further rise. 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 positive for the long term.

1 day-0.55%0.00-0.03%
5 days0.001.82%0.00+0.34%
22 days0.004.53%0.00-0.40%
66 days0.008.25%0.00+2.76%
Trend 0%1795.43 - 2084.08
Rectangle2014-08-26
Rectangle2013-06-20
Double Top Pattern2013-04-05
Double Top Pattern2011-08-04
Rectangle2010-08-02


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