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JPN225: Multi head lifting

Fundamental analysis:

The Nikkei 225 Index closed up 326.26 points, or 1.20%, at 27526.00 on November 7 (Monday). The Accounting Inspection Institute of Japan released the final accounts inspection report for 2021. During the three fiscal years, the total budget originally planned for epidemic situation was 94492 billion yen, and the actual expenditure was 76492.1 billion yen, with an implementation rate of 80.9%.

Nikkei index JPN225 - 4-hour K line chart shows:

Technical analysis:

The 4-hour chart shows that the bulls' momentum is strong and surging, and the market bulls' sentiment is shrouded. In the short term, there are signs of continued upward movement. The MACD index hovers on the top of the 0 axis, and the RSI index is in the 50 balanced online side;

Empty turning point: 27653

Pressing: 27747, 27809

Support: 27587, 27516

Trading strategy: bullish above 27653, target 27747, 27809

Alternative strategy: 27653 bearish, target 27587, 27516

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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