Nikkei: bulls continue to climb

The Nikkei 225 index closed up 710.82 points, or 2.64%, at 27672.50 points on Wednesday, July 20. The Japanese government presented the draft guidelines of "specific important technologies" at the economic and security related meeting of the Liberal Democratic Party on the 19th. Important technologies are those that will be cultivated in accordance with the law on the promotion of economic security passed in May. Japan will select important technologies from nearly 20 fields such as artificial intelligence and biology to promote economic security.

According to the 4-hour chart, the long power maintained a good trend of shock and rise, and the high level has not yet shown signs of stopping. The MACD index continued to move up in the long area, and the RSI index hovered below the 80 equilibrium line in the overbought area;

Long short turning point: 27473

Pressing position: 27665, 27782

Support position: 27350, 27230

Trading strategy: bullish above 27473, targets 27665, 27782

Alternative strategy: 27473 bearish below, goals 27350, 27230