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JPN225: high rise

Fundamental analysis:

The Nikkei 225 Index closed up 265.15 points, or 0.86%, at 31073.50 points on May 22 (Monday). RIKEN, Japan's Institute of Physical and Chemical Research, recently announced that it has signed a memorandum of understanding with Intel to strengthen joint research between the two parties in the fields of next-generation computing such as AI, high-performance computing, and quantum computers. In addition, the signed cooperation memorandum also includes that Japan Institute of Physical and Chemical Technology will obtain Intel's chip foundry services to help prototype chip tape-out.

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

Brief technical analysis:

Looking at the 4-hour chart: the high-level bullish momentum remains volatile and rising, and the short-term bullish sentiment remains. The bullish momentum in the market shows no sign of stopping.

Resistance level: 31362 31513

Support level: 30962 30822

Trading strategy: Bullish above 31117, target 31362 31513
Alternative strategy: bearish below 31117, target 30962 30822

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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