KOSPI (SEOUL.NDX) - Close: 2 019.80 (-2.76), Mar 27, 2015

Chart Technical Analysis KOSPI (SEOUL)

 Negative Candidate -Long term, Mar 27, 2015Analysis 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 1803 and resistance at 2069. A decisive break through one of these levels indicates the new direction for the index. The index is testing the resistance at points 2040. This should give a negative reaction, but an upward breakthough of points 2040 means a positive signal. 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 negative for the long term.

1 day-0.48%0.00-0.14%
5 days0.001.61%0.00-0.86%
22 days0.003.84%0.00+1.47%
66 days0.006.65%0.00+4.17%
Trend 0%1693.79 - 2092.52
Double Top Pattern2013-04-05
Double Top Pattern2011-08-04


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