The Nikkei 225 index closed up 316.25 points, or 1.12%, at 28531.00 on Monday, September 12. It is expected that the Bank of Japan will end the covid-19 assistance program for small enterprises as planned this month and discuss adjusting the policy guidance that lists the epidemic as the number one economic risk.
Nikkei index jpn225 - 4-hour K-line chart shows:
According to the 4-hour chart, the momentum of low-level bulls maintains a good momentum of concussion and uptrend, short-term bullish sentiment is shrouded, and the upward trend of bulls may continue. MACD index is in the high-level consolidation of the long region, and RSI index is in the high-level consolidation of the long region;
Long short turning point: 28289
Pressing position: 28485, 28599
Support position: 28166, 28039
Trading strategy: bullish above 28289, target 28485, 28599
Alternative strategy: 28289 bearish, targets 28166 and 28039