Korea
Good support at current level
12th August: The index is testing a very good long term support
at the current level. If the support breaks, we could see the index fall
to the 550 region, and another year of bottoming.
Current Prediction
Short term:
Medium term: none
Long term: none
Currency: reverse head and shoulders pointing to 1,160 - done
See
new long term weekly charts with analysis
charts current to 9th August,
except where otherwise indicated
Breakout from the green wedge could be the start of a shoulder as outlined
in pink.
Failure of the current support would suggest a fall the 550-570 region.
A big double bottom would then be the more likely scenario.
Good support at the current level, failure of which suggests a fall to
the 550 region.
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Currency is still in a rising trend.