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JPN225: Falling high

2022-12-15
1031
Fundamental analysis:
The Nikkei 225 Index closed up 211.65 points, or 0.76%, at 28166.50 points on December 14 (Wednesday). Confidence among Japanese manufacturers fell in the fourth quarter of 2022 as persistent cost pressures and the prospect of slowing global demand clouded the country's economic outlook.

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



Brief technical analysis:
Looking at the 4-hour chart: the high-level short-term dynamics fluctuated and retreated downward, and the short-term decline may continue. The overall short-term sentiment in the market is shrouded, the MACD indicator is at a high level in the bullish area, and the RSI indicator is hovering above the 50 balance line;
Long and short turning point: 27960
Press: 28058, 28136
Support: 27826, 27751
Trading strategy: bearish below 27960, target 27826, 27751
Alternative strategy: call above 27960, target 28058, 28136

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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