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JPN225: move up the low position

Fundamental analysis:

On March 16 (Thursday), the Nikkei 225 Index closed down 259.98 points, or 0.95%, to 26969.50 points. The person in charge of lobbying of the Bank of Japan said: There is no sign that the Japanese financial system is affected by the credit crisis of confidence in Suisse. European banks usually have stable capital ratios, as do Japanese banks.

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

Brief technical analysis:

Looking at the 4-hour chart: the low-level bullish momentum remains volatile and rising, short-term bullish sentiment emerges, and the bullish momentum in the market continues to rise. The MACD indicator is in the short-term area and the RSI indicator is in the short-term area.

Resistance: 27173 27330

Support level: 26832 26683

Trading strategy: Bullish above 26968, target 27173 27330
Alternative strategy: bearish below 26968, target 26832 26683

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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