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Nikkei: high narrow range finishing

2022-07-26
1185
Fundamental analysis:

The Nikkei 225 index closed down 223.16 points, or 0.80%, at 27691.50 on Monday, July 25. Who declared the monkeypox epidemic as a "public health emergency of international concern", and Japan issued a global level travel warning on monkeypox; A swine fever epidemic occurred in a large pig farm in Tochigi Prefecture, Japan, where about 54000 pigs had to be culled.


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




Technical analysis:


Looking at the 4-hour chart: the bull power rose strongly, and the high level began to consolidate and translate after a short-term resistance. The bull power continued to pull upward, the MACD index remained weak in the bull region, and the RSI index was in 50 balanced online side consolidation;


Long short turning point: 27693


Pressing position: 27847, 27972


Support position: 27573, 27450


Trading strategy: 27693 bullish above, target 27847, 27972


Alternative strategy: 27693 bearish below, goals 27573, 27450

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