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JPN225: High bit uplink

2022-11-24
458
Fundamental analysis:

The Nikkei 225 Index closed up 180.21 points, or 0.64%, at 28,125.00 on November 22 (Tuesday). The Japanese government will make every effort to deal with the current cost of living crisis and return the economy to the track of growth. Japan's inflation rate rose for many consecutive months, reaching a 40 year high in October. The Tokyo Stock Exchange was closed for the Labor Appreciation Day on Wednesday.

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




Technical analysis:

The 4-hour chart shows that the high level bulls continue to move up, the market is bullish, and there is a trend of continuous upward movement in the short term. The MACD index is in the high level consolidation in the long region, and the RSI index is in the long region to maintain consolidation;

Empty turning point: 28316

Pressing: 28429, 28512

Support: 28226, 28149

Trading strategy: bullish above 28316, target 28429, 28512

Alternative strategy: bearish under 28316, target 28226, 28149

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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