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JPN225: low down

2022-12-23
1051
Fundamental analysis:
The Nikkei 225 Index closed up 114.78 points, or 0.43%, at 26502.50 points on December 22 (Thursday). The Japanese government raised its growth forecast for the next fiscal year, citing higher business spending and the prospect of a sharp rise in wages. Rising business spending and sharp wage gains are expected to support consumption.

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



Brief technical analysis:
Looking at the 4-hour chart: the low position remains weak and fluctuates downward, the short-term decline may continue, the market bearish sentiment emerges, the MACD indicator is in the short zone and the RSI indicator is in the short zone and hovers weakly;
Long-short turning point: 26154
Suppression: 26299, 26441
Support: 25923, 25787
Trading strategy: bearish below 26154, target 25923, 25787
Alternative strategy: call above 26154, target 26299, 26441

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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