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Jpn225: high multi head sorting up

2022-08-17
1267
Fundamental analysis:

The Nikkei 225 index closed down 4.28 points, or 0.01%, at 28867.50 on Tuesday, August 16. The monthly rate of Japan's tertiary industry activity index in June was - 0.2%, expected to be 0.40%, and the previous value was 0.80%.



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




Technical analysis:


According to the 4-hour chart, the dynamic high of bulls maintains the upward movement of narrow range consolidation, and there is a trend of continuous upward movement in the short term. MACD index is in the high consolidation of bulls, and RSI index is in the high consolidation of bulls;


Long and short turning point: 28900


Pressing position: 29028, 29117


Support position: 28809, 28720


Trading strategy: bullish above 28900, targets 29028 and 29117


Alternative strategy: bearish below 28900, target 28809, 28720

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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