Russia-Ukraine crisis continues bad news, Japanese stocks continue to fall

Fundamental analysis:

The Nikkei 225 index closed down 453.37 points, or 1.68%, at 26,457.50 points on February 22 (Tuesday). Japanese Prime Minister Fumio Kishida: A series of actions by Russia cannot be accepted. Prepare a response to Russia, including sanctions. Information will be collected and contacts will be maintained with other G7 countries. The situation in Ukraine will be closely monitored. Russia's actions violated the Minsk agreement. If Russia "invades" Ukraine, there will be a strong response.

Nikkei JPN225 - 4-hour K-line chart shows:

Technical comments: The bearish momentum continued to oscillate downward in the middle and lower rails of the Bollinger Bands indicator channel. The low level reached the 26213 node and then quickly rose. The bullish momentum waited for an opportunity to enter the market, and the node near the upper rail of the Bollinger Bands indicator began to oscillate downward again, and the short-term bears were down. The moving trend may continue, the MACD indicator is in the bearish area and maintains a slow upward move, and the RSI indicator is in shock at the lower side of the 50 equilibrium line;

Long and short turning point: 26823

Suppression bit: 26965, 27107

Support level: 26560, 26402

Trading strategy: bearish below 26823, target 26560, 26402

Alternative strategy: bullish above 26823, target 26965, 27107

The above analysis is a personal opinion and is for reference only.