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Nikkei: high-level consolidation and promotion

2022-07-28
1209
Fundamental analysis:

The Nikkei 225 index closed up 90.62 points, or 0.33%, at 27722.50 points on Wednesday, July 27. The final value of Japan's leading indicator in May was 101.2, compared with the previous value of 101.4. METI: from Thursday, Japan will pay 39 yen per liter of gasoline subsidies.



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




Technical analysis:


According to the 4-hour chart, the high short-term consolidation retreated, the market bullish sentiment heated up, the bull momentum rose again, the MACD index remained in the bull region, and the shock moved up, and the RSI index was in the 50 equilibrium online side consolidation upward;


Long short turning point: 27955


Pressing position: 28138, 28266


Support position: 27831, 27699


Trading strategy: 27955 bullish above, targets 28138, 28266


Alternative strategy: down 27955, target 27831, 27699

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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