Korea KOSPI Comp Index Daily (17.08.2014) Tribute to EMA
This week we will see the EMA (50,100,200) and MACD,RSI for various diagrams.
The Korea KOSPI Composite Index (KOSPI) Daily Diagram Technical Analysis Training shows the following:
The KOSPI index has made a correction decline and then (last week) it reacted on EMA 50 with the support of 1.618 of fib level. Last week it crossed 1.618 of fib. KOSPI is on a bull market looking at the golden crosses of EMA 50 over EMA 100 & EMA 200 and EMA 100 crossed EMA 200 too. (All into the yellow eclipse)
MACD is ready to give a bull sign above the zero line. RSI=59.
Next target is the 2.618 of fib @ 2130. Long for it. Stop loss under the 2036.
The Korea KOSPI Composite Index (KOSPI) Daily Diagram Technical Analysis Training shows the following:
The KOSPI index has made a correction decline and then (last week) it reacted on EMA 50 with the support of 1.618 of fib level. Last week it crossed 1.618 of fib. KOSPI is on a bull market looking at the golden crosses of EMA 50 over EMA 100 & EMA 200 and EMA 100 crossed EMA 200 too. (All into the yellow eclipse)
MACD is ready to give a bull sign above the zero line. RSI=59.
Next target is the 2.618 of fib @ 2130. Long for it. Stop loss under the 2036.
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