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KOSPI forecast for coming week ended 17th August, 2012.

Finally KOSPI proved its bullish pattern to some extent. In past 1950 has acted as good resistance for KOSPI and during last few days its moves were almost straight so a pull back may come. Here I must say that if KOSPI acts fully on its bullish pattern then 1950 may not be much obstacle for it, in fact we can consider levels around 2050 for this matter.

In the other side if KOSPI shows volatile movements in coming week then 1850 may act as a good support for it, provided it breaks its initial support of 1900. 


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