The KOSPI 200 is the main stock Index in South Korea. It includes the 200 largest capitalization stocks. Prices follow a bullish trend as shown by the evolution of the ....
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Day By Day – Indipendent Research
| Close price | 251 |
| 2 months Opinion | BULLISH |
| 2 weeks Opinion | POSITIVE |
| Resistances | 264 / 276 pts |
| Supports | 242,7 / 235 pts |
200-day moving average. From September 2009 to September 2010, it as evolved into a slightly bullish channel, which was actually a consolidation within a strong uptrend. Overflowing 233 has revived this movement and prices are heading towards the historical highs.
Anticipation :
The exit out of this pattern was followed by a pull back to the support at 235.70 points where the prices have found support from the 50-day moving averageto bounce back towards the previous peaks. Overflowing these levels was performed with a bullish gap which argues for an extension of the movement towards 264 points.
This scenario would be invalidated in case of close below 242,70.
| Traker’s Name | Leverage | Expense ratio |
| db x-trackers MSCI KOREA TRN INDEX ETF | x1 | 0,65% |
| EasyETF DJ South Korea Titans 30 (EUR) | x1 | 0,55% |
| iShares MSCI Korea | x1 | 0,74% |
| Lyxor ETF Korea | x1 | 0,65% |
* A leverage of 1 means that the ETF/Tracker has the same performance as the underlying index. A leverage of 2 indicates that the ETF/Tracker will have twice the performance of the underlying index. A leverage of -1 indicates that the ETF/Tracker will perform opposite that of the index: it will rise while the index falls, and vice versa.
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Source: ETFWorld – Day By Day – Indipendent Research
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