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pn225: low bulls surging

2022-09-09
474
Fundamental analysis:

The Nikkei 225 index closed up 630.20 points, or 2.30%, at 28060.50 on Thursday, September 8. The World Health Organization (who) statistics on novel coronavirus infection show that in the week from August 29 to September 4, the number of new infections in Japan decreased by 7% compared with last week, reaching 1164787, the highest in the world for seven consecutive weeks.



Nikkei index jpn225 - 4-hour K-line chart shows:




Technical analysis:


According to the 4-hour chart, the low-level Bulls' power keeps surging up, and the short-term bulls continue to pull up. The MACD indicator's low-level Bulls' power keeps moving up to the upper side of the 0 axis, and the RSI indicator is in the 50 equilibrium line;


Long short turning point: 27807


Pressing position: 27988, 28139


Support position: 27684, 27574


Trading strategy: bullish above 27807, target 27988, 28139


Alternative strategy: bearish below 27807, target 27684, 27574


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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