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Jpn225: high position wide width finishing

2022-08-05
1258
Fundamental analysis:

The Nikkei 225 index closed up 192.60 points, or 0.69%, at 27934.50 on Thursday, August 4. According to semi, an international group in the semiconductor industry, the global supply area of semiconductor silicon wafers in 2022 will be 6% higher than that in 2021, which is the highest in history. The supply scale of wafers necessary for electronic products will increase eight times in the 30 years up to 2021.




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




Technical analysis:


Looking at the 4-hour chart: the short-term entangled high-level wide range fluctuated, the short momentum showed signs of waiting for the opportunity to enter, the MACD index hovered on the upper side of the 0 axis, and the RSI index was weak near the 50 equilibrium line;


Long short turning point: 27922


Pressing position: 28016, 28106


Support position: 27767, 27648


Trading strategy: 27922 bearish below, target 27767, 27648


Alternative strategy: 27922 bullish above, targets 28016, 28106

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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