KOSPI (SEOUL.NDX) Close: 2 094.12 (-13.51), Feb 24, 2017

Chart Technical Analysis KOSPI (SEOUL)

rsi chart
 Positive Candidate -Long term, Feb 24, 2017Analysis Explanation
KOSPI is within an approximate horizontal trend, which indicates further development in the same direction. Is moving within a rectangle formation between support at 1775 and resistance at 2316. 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 2075. Further rise to 2328 or more is signaled. The index has broken up through the resistance at points 2060. This predicts a further rise. In case of negative reactions, there will now be support at points 2060. The index is overall assessed as technically positive for the long term.

1 day-0.55%807.06-0.64%
5 days-37.021.86%709.55+0.65%
22 days-1.814.40%700.22+1.37%
66 days-10.537.42%690.26+5.34%
Trend 1%1857.44 - 2220.30
Double Top Pattern2013-04-05


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here The content provided by is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.