KOSPI (SEOUL.NDX) Close: 2 168.95 (-3.77), Mar 24, 2017

Chart Technical Analysis KOSPI (SEOUL)

rsi chart
 Neutral -Long term, Mar 24, 2017Analysis Explanation
KOSPI is in an approximate horizontal trend and a continued development within this trend may be expected. The price has now risen up towards the ceiling of the trend channel, which should give a reaction down. Is moving within a rectangle formation between support at 1772 and resistance at 2322. A decisive break through one of these levels indicates the new direction for the index. Has given positive signal from a rectangle formation by a break up through the resistance at 2116. Further rise to 2246 or more is signaled. The index is testing the resistance at points 2170, which may give a negative reaction. The index is overall assessed as technically neutral for the long term.

1 day-0.53%767.94-0.17%
5 days-36.031.75%720.52+0.20%
22 days-30.814.13%780.33+3.14%
66 days-9.657.15%768.23+6.22%
Trend 1%1859.05 - 2222.23
Double Top Pattern2013-04-05


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