Korea KOSPI Comp Index Daily (30.08.2014)Tech. Analysis Training
The Korea KOSPI Index (Kospi) Daily Diagram Technical Analysis Training shows the following:
The KOSPI index has declined last week from 2081 local top three times now but it made lower lows. The monthly diagram is bullish breaching its own asceding triangle and the weekly diagram is bullish too.
So the first think in mind is that KOSPI is ready to breach the asceding triangle. MACD is neutral and RSI too.
There is no special candlestick pattern but on Friday the index closed at its high. The index is above the KUMO and is above the Tenkan Sen and Kijun Sen too (bullish).
There is an asceding triangle. Fib shows the 2130 as first target.
Long KOSPI. Stop loss under the support line (light green, bottom of triangle).
The KOSPI index has declined last week from 2081 local top three times now but it made lower lows. The monthly diagram is bullish breaching its own asceding triangle and the weekly diagram is bullish too.
So the first think in mind is that KOSPI is ready to breach the asceding triangle. MACD is neutral and RSI too.
There is no special candlestick pattern but on Friday the index closed at its high. The index is above the KUMO and is above the Tenkan Sen and Kijun Sen too (bullish).
There is an asceding triangle. Fib shows the 2130 as first target.
Long KOSPI. Stop loss under the support line (light green, bottom of triangle).
