Breaking 1950 was a good signal for Kospi and that makes it eligible for more up moves (approximately around 2150 level). Now it is getting resistance at 2000 level, this is quite possible. I still think that kospi may break this 2000 level; its less over-bought condition is also supporting that.
But even if go past this 2000 level in coming week, I think that it will get better resistance at 2050 level in the upside. On the other side if it drops from this level then there is a chance that Kospi may make a bearish pattern if it goes below 1900 but still it needs more time to specify details about it. There is possibility that in early days Kospi may try to fill up the gap which it has created in last week and later it may go in the upside.
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