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Nikkei: narrow width finishing

2022-07-07
1181
Fundamental analysis:

The Nikkei 225 index closed down 313.97 points, or 1.19%, at 26109.50 on July 6 (Wednesday). The Ministry of economy, trade and industry of Japan said that Japan would pay 40.8 yen / liter of gasoline subsidies from Thursday; Omicron ba With 5302 newly confirmed covid-19 cases in Tokyo on the 5th, the Ministry of health, labor and welfare of the Japanese government asked local governments to continue to ensure the number of special beds and screening capacity.


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




Technical analysis:


According to the 4-hour chart: in the short term, it is entangled in the narrow consolidation in the Bollinger belt index channel, the amplitude space is gradually narrowed, the Bollinger belt index is in the closing trend, the MACD index hovers below the 0 axis, and the RSI index is in the weak consolidation near the 50 equilibrium line;


Long short turning point: 26355


Pressing position: 26569, 26771


Support position: 26051, 25838


Trading strategy: bearish below 26355, targets 26051, 25838


Alternative strategies: bullish above 26355, targets 26569, 26771

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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