Korea KOSPI Comp Index Daily (03.08.2014)Tech. Analysis Training
The Korea KOSPI Index (Kospi) Daily Diagram Technical Analysis Training shows the following:
The KOSPI index has breached the 2017 level of the ascending triangle above the support purple line. The new resistance level is the 2099 (2.618 of fib). The monthly and weekly diagrams are both pretty bullish.
So the first think in mind seeing the diagram is that KOSPI has the 2049 as a support level now. MACD is bullish and RSI overbought.
There is no special candlestick pattern. The index is above all (KUMO,Kijun,Tenkan,EMA200)
There is no special pattern. Fib shows the resistance and support levels.
Long as it holds above the purple support line.
The KOSPI index has breached the 2017 level of the ascending triangle above the support purple line. The new resistance level is the 2099 (2.618 of fib). The monthly and weekly diagrams are both pretty bullish.
So the first think in mind seeing the diagram is that KOSPI has the 2049 as a support level now. MACD is bullish and RSI overbought.
There is no special candlestick pattern. The index is above all (KUMO,Kijun,Tenkan,EMA200)
There is no special pattern. Fib shows the resistance and support levels.
Long as it holds above the purple support line.
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