In my last review, I was emphasizing on 2000 range which Kospi failed to break. But I am still maintaining my stand on Kospi, if it able to break 2000 level then we may see a new trend. Here I must say that Kospi is maintaining higher lows from last July, which is also supportive for that.
In last few days it was getting resistance at 1970 range, now more uptrend depends on breaking this level. So, coming week is crucial for Kospi if it able to maintain up moves then it may break 2000 levels. But unless it is dropping below1940 ranges, Kospi has the chance to reverse in the upside.
On the other hand if Kospi fails to clear this resistance of 1960-1970 then around 1940 will act as support level, if Kospi breaks that then it may drop around 1900 levels.
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