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JPN225: bear down
2022-11-30
1168
Fundamental analysis:
On November 29 (Tuesday), the Nikkei 225 Index closed down 117.83 points, or 0.42%, to 28045.00 points. According to a Reuters survey: Japan's GDP is expected to grow by 1.7% in fiscal year 2022 and 1.2% in fiscal year 2023 (the survey results in October were 1.9% and 1.3%). Japan's core CPI is expected to increase by 2.7% year-on-year in fiscal year 2022 and by 1.7% year-on-year in fiscal year 2023.
The Nikkei JPN225——4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the high-level short-term momentum continues to fluctuate downward, and the short-term decline may continue. The MACD indicator is below the 0 axis and is weakly downward, and the RSI indicator is in a narrow range in the short-selling area;
Long and short turning point: 28006
Suppression: 28073, 28127
Support: 27914, 27859
Trading strategy: bearish below 28006, target 27914, 27859
Alternative strategy: call above 28006, target 28073, 28127
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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