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 KOSPI (SEOUL.NDX) - Close: 1 941.49 (+3.82), Aug 31, 2015

Chart Technical Analysis KOSPI (SEOUL)

 Positive Candidate -Long term, Aug 31, 2015Analysis Explanation
KOSPI is within a rising trend and continued advance within the current trend is indicated. On reactions back, there is support against the floor of the trend channel. Has reacted back after a false break of a rectangle formation. A significant penetration of 1879 will again give new negative signals to the index, while a break of the opposite side of the formation will be a strong positive signal. The index has broken up through the resistance at points 1900. This predicts a further rise. In case of negative reactions, there will now be support at points 1900. The index is overall assessed as technically positive for the long term.

1 day-0.49%0.00+0.20%
5 days0.001.70%0.00+6.10%
22 days0.004.17%0.00-3.84%
66 days0.007.67%0.00-8.20%
Trend 2%1794.86 - 2201.26
Rectangle2015-08-21
Rectangle2015-04-10
Rectangle2015-01-06
Double Top Pattern2013-04-05
Double Top Pattern2011-08-04
Rectangle2010-09-10

 


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