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 KOSPI (SEOUL.NDX) - Close: 2 027.34 (+15.02), Jul 26, 2016

Chart Technical Analysis KOSPI (SEOUL)

rsi chart
 Weak Positive Candidate -Long term, Jul 26, 2016Analysis 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 1796 and resistance at 2271. 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 2007. Further rise to 2234 or more is signaled. The index is approaching the resistance at points 2050, which may give a negative reaction. The index is overall assessed as technically slightly positive for the long term.

1 day-0.58%673.49+0.75%
5 days-6.092.02%684.19+0.52%
22 days4.005.11%299.54+2.05%
66 days9.909.88%99.85+0.26%
Trend 1%1844.80 - 2205.20
Rectangle2016-07-14
Rectangle2015-04-10
Rectangle2015-01-06
Double Top Pattern2013-04-05

 


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