After later days movements in last week’s I was expecting little correction but KOSPI’s moves were different this week, as it was flat during whole week. Now this is clearly showing that kospi is getting good resistance. Technical indicators are also showing that there is a chance of correction from this level. 1850 is a good support for Kospi, if it breaks that then I will be looking around 1800 level.
But looking at last few day’s move I have a feeling that it may try to break this 1950 level in coming week and I am not sure about the exact timing but may be after couple of bad to flat days. At past I was talking about a bullish pattern and according to that Kospi’s target is 2050 level in the upside but for that first it has to cross 2000 level.
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