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JPN225: low shock

2022-12-05
1050
Fundamental analysis:
On December 2 (Friday), the Nikkei 225 Index closed down 461.58 points, or 1.64%, to 27764.50 points. The Japanese government is discussing raising the defense expenditure for five years starting from the next fiscal year to 40 trillion yen to 43 trillion yen, which is 1.5 times higher than the five-year defense expenditure at the end of the next fiscal year.

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




Brief technical analysis:
The 4-hour chart shows that the momentum of bears continues to fluctuate and fall, and the lows rise rapidly. The market as a whole is in a downward trend. Although the lows are rising, the overall trend is moving downward. The MACD indicator is in the short position. wandering;
Long and short turning point: 27824
Suppression: 27901, 27973
Support: 27706, 27630
Trading strategy: bearish below 27824, target 27706, 27630
Alternative strategy: call above 27824, target 27901, 27973

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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