Kospi is showing different moves than its peers, in fact it is not showing any moves. So, most of my last week’s predictions are still applicable for it. So long it stays around 2000 level, chance of more up moves is quite expected. I will think about a new bull movement for Kospi when it will give stronger moves above 2050 range but for that first it has to break 2050 level in the upside.
On the other hand last day was not good so 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 that. Kospi has initial support level at around 1950 level.
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