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Jpn225: high order sorting moves up slowly

2022-08-04
1206
Fundamental analysis:

The Nikkei 225 index closed up 142.77 points, or 0.52%, at 27737.50 on Wednesday, August 3. According to the Japan Broadcasting Association (NHK), the 209th interim parliament was held today following the Japanese Senate election last month. The Liberal Democratic Party (LDP) was elected president of the Senate for a long time, and the Constitutional Democratic Party (LDP) President Hamasaki was elected vice president. The three-day interim Congress will end on the 5th.



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




Technical analysis:


According to the 4-hour chart, the high level remained in the narrow range, and the shock moved up slowly. The market bull momentum showed signs of waiting for the opportunity to enter. The MACD index hovered around the 0 axis, and the RSI index was in the 50 balanced narrow range on the online side;


Long short turning point: 27922


Pressing position: 28106, 28198


Support position: 27811, 27709


Trading strategy: 27922 bullish above, targets 28106, 28198


Alternative strategy: 27922 bearish below, goals 27811, 27709

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