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KOSPI forecast for coming week ended 10th August, 2012.

KOSPI’s moves in early days were good but its end was bad, as it is again testing 1850 level. So things again remain the same, if KOSPI able to maintain this level then we can expect it to test 1900 level and thereby it will go one step forward to prove its bullish pattern. This week KOSPI’s moves took it out from lower highs and lower lows trend but unless it crosses around 1908, anything is not for sure.

Incase of any drop below 1850 level I will be looking around 1800 level. There is a good chance that KOSPI may turn around from that level to trigger the bullish pattern. Unless it drops below around 1758, I will be positive about that bullish pattern for now.

NOTEPlease see the disclaimer of this blog.

Due to some problem I am giving this week’s postings much earlier and in tomorrow, if I able to give stock market review then I will post there if I have to do any change on this.


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