Kishida will support more than 100 supply chain projects with ASEAN in five years

Fundamental analysis:

The Nikkei 225 index closed up 37.21 points, or 0.13%, at 28271.50 points on Thursday, June 9. The general content of the keynote speech delivered by Japanese Prime Minister Fumio Kishida at the meeting was exposed. In the field of economic security, Hamada will express cooperation with ASEAN and other countries to support more than 100 supply chain strengthening projects within five years.

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

Technical comments: the bullish power continued to fluctuate and rise in the upper rail section of the Bollinger belt index channel. After reaching the node near 28336, the high level retreated when encountering obstacles. It fell rapidly to the node near 27886 of the Bollinger belt index. The short power waited for the opportunity to enter. The high level of the Bollinger belt index began to open up. The MACD index remained weak in the long area, and the RSI index fell rapidly in the long area to hover near the 50 equilibrium line;

Long short turning point: 28043

Pressing position: 28204, 28363

Support position: 27777, 27640

Trading strategy: bearish below 28043, target 27777, 27640

Alternative strategy: bullish above 28043, target 28204, 28363

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