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JPN225: Long jerk

2022-12-01
1055
Fundamental analysis:
On November 30 (Wednesday), the Nikkei 225 Index closed down 58.84 points, or 0.21%, to 27969.00 points. The annual rate of housing starts in Japan in October was -1.8%, expected -1.3%, and the previous value was 1.00%.

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



Brief technical analysis:
Looking at the 4-hour chart: the momentum of the bulls has risen rapidly, and the bullish sentiment in the market has emerged. In the short term, it will continue to rise. The MACD indicator is in the bearish area and moves up, and the RSI indicator is hovering weakly on the side of the 50 balance line;
Long-short turning point: 28303
Suppression: 28419, 28494
Support: 28232, 28162
Trading strategy: Bullish above 28303, target 28419, 28494
Alternative strategy: bearish below 28303, target 28232, 28162

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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