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JPN225: bear moves down rapidly

2022-09-14
1130
Fundamental analysis:

The Nikkei 225 Index closed up 77.89 points, or 0.27%, at 28620.00 on September 13 (Tuesday). Japan may introduce national tourism incentives this month, and Japan will stop using the novel coronavirus close contact tracking app.



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




Technical analysis:


According to the 4-hour chart, the market's short power is rapidly declining, the short-term decline may continue, the short sentiment starts to spread, the MACD indicator is in the long area and maintains a choppy downward trend, and the RSI indicator is in the weak consolidation below the 50 equilibrium line;


Multi empty turning point: 27715


Pressing position: 27835, 27962


Support position: 27488, 27364


Trading strategy: 27715 bearish, target 27488, 27364


Alternative strategy: bullish above 27715, targets 27835 and 27962

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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