KOSPI was trying to stay above 1900 but it was not much successful in testing 1950 level. Now if it maintains this 1900 level in early days of the coming week then there is a chance that it may test higher levels.
On the other hand if it failed to cross 1930 level in early days then things may become difficult for it as it may test level below 1900. I think around 1850-1870 may act as a good initial support level for Kospi.
I am still holding that reverse symmetrical view about Kospi which I mentioned in past weeks. So if it follows that reverse symmetrical triangle then Kospi may drop more in coming future. I will change this view if Kospi breaks 1950 level in the upside.
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