JPN225: High Earthquake

Fundamental analysis:

The Nikkei 225 Index closed up 113.67 points, or 0.41%, at 27956.00 points on December 13 (Tuesday). On the 12th, the Japanese government and the ruling party initially finalized the framework for the revision of the tax system in 2023. The "cumulative NISA" of the small investment tax exemption system (NISA) will be expanded to 1.2 million yen (about 60,000 yuan) per year, which is 3 times the current amount, and the ordinary type will be doubled to 2.4 million yen. Coordination will be based on a total lifetime investment cap of 18 million yen for the entire system.

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

Brief technical analysis:

Looking at the 4-hour chart: the bullish momentum is at a high level after a wide range of shocks, and the bulls in the market continue to rise. The MACD indicator is in the bullish area and maintains an upward trend. The RSI indicator is in a weak order on the side of the 50 balance line;

Long and short turning point: 27960

Press: 28058, 28136

Support: 27890, 27826

Trading strategy: Bullish above 27960, target 28058, 28136

Alternative strategy: bearish below 27960, target 27890, 27826