Korea KOSPI Comp Index Daily (04.Oct.2014)Tech.Analysis Training
The Korea KOSPI Index (Kospi) Daily Diagram Technical Analysis Training shows the following:
The KOSPI index has declined more and now is under the KUMO. MACD is bearish and RSI is entering oversold levels.
So the first think in mind is that KOSPI will test the 1954 support.
There is no special candlestick pattern. The index is under the Tenkan Sen and Kijun Sen too (bearish). The index broke the EMA 200 and now it is under it.
Fib shows the 2.618 support at 1954.58.
Short for 1954 but be cautious for a reaction towards to EMA 200.
The KOSPI index has declined more and now is under the KUMO. MACD is bearish and RSI is entering oversold levels.
So the first think in mind is that KOSPI will test the 1954 support.
There is no special candlestick pattern. The index is under the Tenkan Sen and Kijun Sen too (bearish). The index broke the EMA 200 and now it is under it.
Fib shows the 2.618 support at 1954.58.
Short for 1954 but be cautious for a reaction towards to EMA 200.
