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JPN225: high down

2023-05-25
777
Fundamental analysis:

The Nikkei 225 Index closed down 264.27 points, or 0.85%, at 30693.50 points on May 24 (Wednesday). The Japanese government has basically decided to increase the monthly payment of 10,000 yen (about 510 yuan) to high school students. The current upper age limit for distribution is junior high school students.

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



Brief technical analysis:

Looking at the 4-hour chart: the high-level short-term dynamics continue to fluctuate and move down, and the short-term decline may continue. The market as a whole is in a short-term shock and moves downward. The MACD index maintains the shock and moves down to the 0 axis. weak finishing;

Resistance level: 30802 30975

Support level: 30371 30215

Trading strategy: bearish below 30639, target 30371 30215
Alternative strategy: call above 30639, target 30802 30975

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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