Search in ideas for "KOSPI"
KOSPI Composite index (KOSPI) - Bears is about to take over KOSPI Composite index (KOSPI) is in perfect impulse cycle in 4 hr time frame made from the bottom made in Corona Pandemic. The fifth wave is in ending diagonal structure, which should probably result in sharp decline. So stay bearish with stops above 2240 from current level as 2nd wave of A in ABC zigzag cycle. This is the perfect set up as world market also in choppy zone or bearish territory. The target zone of pattern will be below previous 4th wave of impulse cycle, means around 2000-2050 level.
Great set up that every Elliottician love to trade.
KOSPI is still in down trend. KOSPI is still in down trend.
KOSPI is still downtrend since Jan. 2018.
It is now try to go up after touching the 2000 strong support line.
In the view of long time frame, it is almost converged so that it is going to show its direction soon.
Indicators says:
MACD shows dead cross and fail to break zero so that it shows downtrend.
However, the RSI is getting higher and supported by the bottom line, so that we can consider the situation that it can break its downtrend.
For safe entry, we can enter after it breaks the downtrend with support of 2000 resistance line.
Kospi go down shorterm chartkospi go down side wave A,B,C forms
wave A and wave B complete and Wave C go down side
KOSPI retest on Long-term ChannelKOSPI is retesting a very long-term channel it's been trading within since 1994. If it confirms the breakout out of this channel, it could be extremely bullish on the ETF that has underperformed the SP500 this year.
KOSPI WILL GO TO 2600 Point And go back to 2100 point.KOSPI WILL GO back to 2100 point.
eliott wave will tell you.
stock market is over heating.
and inflation is going on globally.
so sell your stock before plummet to the bottom.
buy dollar or gold.
reset your portfolio.
KOSPI - in the verge of a possible correctionKOSPI finished a five-wave move up that ended minor wave 1. If this is the case prices should follow the trend to the 1,700 level before continuing up. A move below the 1,900 will give more odds for this scenario. FOLLOW SKYLINEPRO TO GET UPDATES.
KOSPI (Korean Stock Index) - possible correction, more than 10%KOSPI seems to have finished minor wave 1. The next move should bring prices to the most probable level of 1663, which is 13% below current prices. After this correction the index should continue its trend up. FOLLOW SKYLINEPRO TO GET UPDATES.
KOSPI (Korea Index) - minor correction before long-term gainsKospi has finished intermediate wave 2 on March 19 and it is tracing the beginning stages of intermediate wave 3 up. It seems to have finished minor wave 1 up. If this is the case, the most probable stop for the index is at 1662 to 1625 before moving up to higher levels. If prices cross up 1929, this scenario should be void as minute wave 5 could have extensions. FOLLOW SKYLINEPRO TO GET UPDATES
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).
Korea KOSPI Comp Index Daily (07.09.2014)Tech. Analysis TrainingThe Korea KOSPI Index (Kospi) Daily Diagram Technical Analysis Training shows the following:
The KOSPI index has declined last week from 2084 local top three times now breaking the support line. 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 asking support from KUMO. MACD is bearish and RSI too.
There is no special candlestick pattern. The index is above the KUMO and is under the Tenkan Sen and Kijun Sen too (bearish).
Fib shows the 1.618 support at 2037.
Watch the behavior of KOSPI at SPAN A (green line) of KUMO. Short if it gets into it. Stop loss above the resistance line.
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.
Korea KOSPI Comp Index Daily (04.Oct.2014)Tech.Analysis TrainingThe 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.
Korea KOSPI Comp Index Daily (13.Sep.2014)Tech.Analysis TrainingThe Korea KOSPI Index (Kospi) Daily Diagram Technical Analysis Training shows the following:
The KOSPI index has declined more and now is into the KUMO. The weekly diagram is turning bearish.
So the first think in mind is that KOSPI is into the KUMO with neutral behavior now. MACD is bearish and RSI too.
There is no special candlestick pattern. The index is under the Tenkan Sen and Kijun Sen too (bearish).
Fib shows the 1.618 support at 2037.
Stay aside. Long above the KUMO while the resistance will be broken or short under the KUMO.
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.
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.
KOSPI Composite Index - Symmetrical TriangleIndex: KOSPI Composite Index
Exchange: Korea Exchange (KRX)
Region: South Korea
Introduction:
Welcome to today's technical analysis. We'll focus on the weekly chart of the KOSPI Composite Index, highlighting a bullish reversal signaled by a symmetrical triangle pattern breakout.
Symmetrical Triangle Pattern:
The symmetrical triangle pattern is a neutral pattern that can signal either a bullish or bearish breakout, depending on which direction the price escapes. This pattern usually appears during a trend's consolidation period and is characterized by two converging trendlines.
Analysis:
The KOSPI Composite Index was undeniably in a downtrend, represented by a blue diagonal resistance line. However, this has changed as the index has entered a phase of consolidation, forming a symmetrical triangle over the last 294 days. The breakout from this pattern and the index's current position above the 200 EMA suggest a bullish market environment.
The price target, following a successful breakout, is projected at 2895.50 KRW, potentially signifying a price increase of approximately 16.5%.
Conclusion:
The weekly chart of the KOSPI Composite Index presents a bullish scenario, with a symmetrical triangle pattern breakout. This signals a potential reversal from the previous downtrend, suggesting a favorable environment for long positions in stocks within this index.
As always, this analysis does not constitute financial advice, and it's essential to conduct your own research and consider risk management strategies when investing.
If you found this analysis valuable, please like, share, and follow for more market insights. Happy trading!
Best regards,
Karim Subhieh
Kospi (+4.98%)+Thailand (-3.13%)+ Indonesia (+6.91%) {{+8.75%}}Holding all three positions long. These entries were given on my page publicly in the links below.
[KOSPI] KOSPI 1900 BOUNCEKorea V.S. Japan -
This influenced Kospi
going to underground
but history repeats itself:
Bounce at round price(1900)
No need to Worry
Aim 2000
KOSPI - KOREANS ARE LOOKING INTO THE EYES OF THE BEARKRX:KOSPI is looking pretty bad. The overall chart looks bearish and the fundamentals are not getting much better. The uptrend stops reaching the red resistance channels which is another bearish indicator.
Sell-Signal: There are multiple reasons why we are going short, once the purple line is crossed and the price is stagnating in the red zone. The red zones are defining strong support and are also part of the recently established green SupertrenD support channel (not visible in the chart). If you look at the total chart, then it will be the first strong signal once 1950 is broken. That's when we will enter a short position on the index. When 1850 breaks, then we lose the last support channel and will head down without support until the support channel which was established 1998 at the end of the Asian crisis.
We can not really tell you a target for now, because the channel will move up over time, but it might be in the 1500 area. We would manually lower our exposure once the price starts to jump back over 1950 and starts to build support.
I hope this was helpful.
Best,
Felix Kewa
