The Kospi trend remains astounding, and despite the pullback, the trend strength remains intact. This remains an exceptionally strong trend and traders and investors were alert for consolidation and retracement behavior.
The Kospi is analyzed using trade band analysis. The width of the prolonged sideways trading band is measured and this value is projected upwards to give the breakout targets.
The most optimistic chart-based targets have been achieved with the index above 2230 and 2400. The same trade band projection methods can be applied to set the next upside target. This sets a target near 2560. This is a very optimistic target and despite the trend strength, its unlikely this target will be achieved quickly.