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Korea KOSPI Comp Index Daily (17.08.2014) Tribute to EMA

INDEX:KSIC   Kospi Composite Index
69 0 0
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.
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