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Jpn225: bulls continue to shake and pull up

2022-08-16
1251
Fundamental analysis:

The Nikkei 225 index closed up 321.52 points, or 1.13%, at 28868.50 on Monday, August 15. Japanese finance minister Junichi Suzuki: it is expected that the economy will continue to recover in the future. Market fluctuations and supply constraints are downside risks. The additional budget will be determined according to the price and economic conditions.




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




Technical analysis:


According to the 4-hour chart, the bull power continues to fluctuate and rise, and the short-term bullish sentiment may continue. The MACD index keeps moving up in the high position of the bull region, and the RSI index keeps moving in the long region;


Long and short turning point: 28826


Pressing position: 28960, 29062


Support position: 28729, 28640


Trading strategy: bullish above 28826, target 28960, 29062


Alternative strategy: 28826 lower bearish, target 28729, 28640

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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