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JPN225: Move up the ladder

2023-02-27
935
Fundamental analysis:

The Nikkei 225 Index closed up 328.18 points, or 1.21%, at 27432.50 points on February 24 (Friday). According to data from the Semiconductor Manufacturing Equipment Association of Japan (SEAJ), sales of semiconductor manufacturing equipment made in Japan in January (3-month moving average, express value) decreased by 2.1% from the same month of the previous year to 299.7 billion yen.

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



Brief technical analysis:

Looking at the 4-hour chart: the bullish momentum is rising in a stepwise manner, short-term bullish sentiment is emerging, the bullish momentum in the market is constantly moving upwards, the MACD indicator is in the bearish area, and the RSI indicator is hovering above the 50 balance line;

Long-short turning point: 27301

Suppression: 27376, 27420
Support: 27255, 27207

Trading strategy: Bullish above 27301, target 27376, 27420
Alternative strategy: bearish below 27301, target 27255, 27207

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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