Investtech.com
 KOSPI (SEOUL.NDX) - Close: 1 998.34 (-2.03), Apr 24, 2014

Chart Technical Analysis KOSPI (SEOUL)

 Negative Candidate -Long term, Apr 24, 2014Analysis 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 1909 and resistance at 2027. A decisive break through one of these levels indicates the new direction for the index. The index is testing the resistance at points 2030, which may give a negative reaction. Volume tops and volume bottoms correspond well with tops and bottoms in the price. 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-0.58%0.00-0.10%
5 days0.001.92%0.00+0.31%
22 days0.004.90%0.00+2.71%
66 days-9.858.81%116.00+2.77%
Trend 0%1666.36 - 2062.73
Rectangle2013-06-20
Double Top Pattern2013-04-05
Double Top Pattern2011-08-04
Rectangle2010-08-02


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 www.investtech.com/disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.