Korea KOSPI Comp Index Daily (30.08.2014)Tech. Analysis TrainingThe 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).
Kospi
Korea KOSPI Comp Index Daily (17.08.2014) Tribute to EMAThis 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.
Korea KOSPI Comp Index Daily (03.08.2014)Tech. Analysis TrainingThe 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.
NIKKEI 225 Daily (13.07.2014) Technical Analysis TrainingThe NIKKEI 225 Japan Index (JPN225) Daily Diagram Technical Analysis Training shows the following:
The JPN225 index has made a decline above the KUMO cloud last week under the Tenkan Sen (light green line) and Kijun Sen (blue line). Now the Index has breached the support lines and has reacted and stopped exactly on the Kijun Sen and 1 of fib. The weekly diagram is bullish but w/divergence and monthly diagram is bearish.
So the first think in mind for Monday is the case of a reaction above the Kijun Sen (blue line) or a decline towards to 14893 first. MACD is bearish w/divergence and RSI is exactly on 50.
We have no special candlestick pattern. The index is above the KUMO, but it is under the Tenkan Sen & Kijun Sen too.
There is no special pattern except of double top @15461. The fib from 13953 to 15180 shows resistance at current level (fib & Kijun Sen too). If the Index declines from here the next target is the 0.764 of fib (14893).
So the divergence of MACD and the fib+Kijun Sen resistance says short. Stay aside. If the index is bullish on Monday (on close) then long, if it declines then short. Do not forget to consider the red line resistance.
Korea KOSPI Comp Index Daily (29.06.2014)Tech. Analysis TrainingThe Korea KOSPI Index (Kospi) Daily Diagram Technical Analysis Training shows the following:
The KOSPI index has declined and got itself into the KUMO last week w/gap. The new resistance red line is the upper border now. The monthly diagram is neutral with bullish MACD and the weekly diagram shows neutral signs.
So the first think in mind is that KOSPI has a strong resistance at 2000. MACD is bearish with divergence now and RSI too.
There is no special candlestick pattern. The index is into the KUMO and under the Tenkan Sen and Kijun Sen too (bearish).
There is no special pattern. Fib shows the resistance and support levels.
The best strategy here is to make nothing and stay aside.
Korea KOSPI Comp Index Daily (29.06.2014) Technical AnalysisThe Korea KOSPI Index (Kospi) Daily Diagram Technical Analysis Training shows the following:
The Kospi index has followed a long trend in something like ascending triangle above the KUMO cloud, but under the Kijun Sen(blue line) resistance last week. The support line tries to get itself above the KUMO but not yet (if it happens it will be clearly bullish). The monthly diagram is neutral but the weekly diagram shows a weak uptrend.
So the first think in mind is that Kospi tries to make an uptrend movement if it can beat the Kijun Sen(blue line). As you can see Kospi has react before 6 days on the support line, that means that is long term strong support. MACD is neutral and RSI too.
On candlesticks pattern we have a pseudo (because if intraday high) Harami pattern (that means that the uptrend is weakening). The index is above the KUMO (bullish) but under the Tenkan Sen and Kijun Sen too (bearish).
There is no special pattern. There is no fib measurements.
So I think that even if the index is above KUMO it will test it at 1978 because of the Harami pattern in short term. After that I think that it will react toward Kijun Sen. Stop loss Under the KUMO at 1964.