JPN225: High-order finishing

Fundamental analysis:

The Nikkei 225 index closed up 276.76 points, or 0.98%, at 28392.50 on November 24 (Thursday). According to a survey on salary increases released by the Ministry of Health, Labour and Welfare, companies that implemented or planned salary increases this year increased by 5.0 percentage points over the previous year, reaching 85.7%, the first increase in the proportion in three years. Improvements in the accommodation and catering sector as economic activity restarted were the main factors driving up the overall percentage.

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

A brief technical analysis:

From the 4-hour chart: After the bullish momentum continued to rise, it was sorted at a high level, the market as a whole was in a bullish upward trend, the MACD indicator was hovering at a high level in the bullish area, and the RSI indicator was in a weak position in the bullish area;

Long and short turning point: 28316

Suppression: 28429, 28512

Support: 28226, 28149

Trading strategy: bullish above 28316, target 28429, 28512

Alternative strategy: bearish below 28316, target 28226, 28149