From January to April, the sales of chip equipment in Japan reached a new high, with a year-on-year increase of 37%

Fundamental analysis:

The Nikkei 225 index closed up 178.16 points, or 0.67%, at 26783.00 on May 27 (Friday). According to the statistical data released by the Japan Semiconductor Equipment Association (SEAJ), from January to April 2022, the sales of chip equipment in Japan increased significantly by 37% year-on-year to 1221.399 billion yen, a new record for the same period over the years.

Nikkei index jpn225 - 4-hour K-line chart display:

Technical comments: the multi head power kept moving upward in the broad vibration of the Bollinger belt index channel for a long time. During this period, it repeatedly spied the nodes between the upper and lower rails. The Bollinger belt index began to slowly open its mouth after it showed a closing trend, and there were signs of continuing to move upward near the upper rail. The MACD index kept moving up slowly above the 0 axis, and the RSI index kept moving up slowly at the 50 balanced online side;

Multi empty turning point: 27107

Pressing position: 27246, 27345

Support position: 27003, 26899

Trading strategy: bullish above 27107, target 27246, 27345

Alternative strategy: bearish below 27107, target 27003, 26899

The above analysis is a personal point of view and is for reference only.