Nikkei Stuck On Resistance Area
26 January 2012 08:05:18 WIB
NIKKEI
The movement of Nikkei index looks stuck on resistance area and currently it was touching median line. Technically, the stochastic indicator is in potentially overbought condition which there likely index move down testing support at 8842. Any breach of support area expected to bring index fell deeply towards support at 8773. Conversely, if index strengthen up and penetrated resistance at 8905 that there is a chance index move up towards the next resistance at 8964.
KOSPI
The movement of Kospi index looks slightly correction condition. Technically, the stochastic indicator is in potentially bullish condition which there is a chance index will rising up. Any breach of resistance at 262.15 will possible to bring index move up towards resistance at 267.91. Conversely, if support at 256.07 penetrated that index will likely weaken and move down towards support at 149.27.
