After the Bell Technical Review | Bullish the Kospi Composite Index on track to continue higher in the near term

• Market bulls strengthened by lower Bollinger Band® currently at 2,402.27

While the Kospi Composite Index was in the midst of a 10 day downtrend— in which it lost a total of 1.8%— A possible reversal detected from yesterday; the Kospi Composite Index increases 0.69% to close at 2,429.41 yesterday.

The index has been trending lower for about a month. The Kospi Composite Index has gained 7.89% since its lowest print of 2,155.49 earlier this year.

KOSPI Composite Index's lower Bollinger Band® is at 2,402.27, indicating that the market is oversold and fertile for new buyers.

Examining the technical analysis landscape, the Kospi Composite Index might continue its downtrend in the short term.

Other markets are also showing gains as Hang Seng is trading around 20,620 after ending yesterday's session at 19,800 (up 4.21% today). FTSE climbs 0.49% yesterday and closed at 7,876.28.

At the same time, Nasdaq lost 0.66% yesterday and closed at 11,456.