The Nikkei 225 index closed up 178.03 points, or 0.63%, at 28491.50 on Thursday, August 25. In its monthly economic report, the Japanese government believes that the economy has "moderately recovered", and its overall assessment of the economy remains unchanged from the previous month, while raising its view on factory output.
Nikkei index jpn225 - 4-hour K-line chart shows:
According to the 4-hour chart, the power of low-level bulls keeps moving up slowly, the short-term bulls are bullish, the market bulls continue to make efforts, the MACD index keeps moving up in the short area, and the RSI index is at the 50 equilibrium online side;
Long and short turning point: 28634
Pressing position: 28762, 28853
Support position: 28535, 28451
Trading strategy: bullish above 28634, targets 28762 and 28853
Alternative strategy: 28634 down bearish, target 28535, 28451