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JPN225: Short position moves down

2022-12-16
1147
Fundamental analysis:
The Nikkei 225 Index closed down 129.34 points, or 0.46%, at 28036.50 points on December 15 (Thursday). Japan's unadjusted commodity trade account in November was -227.4 billion yen, expected -1,680.3 billion yen, and the previous value was -2,162.3 billion yen.



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



Brief technical analysis:
Looking at the 4-hour chart: the short-term momentum is moving down rapidly, the short-term short-term situation is good, the overall market decline has not yet shown signs of stopping, the MACD indicator is hovering below the 0 axis, and the RSI indicator is below the 50 balance line.
Long-short turning point: 27628
Suppression: 27702, 27788
Support: 27504, 27418
Trading strategy: bearish below 27628, target 27504, 27418
Alternative strategy: call above 27628, target 27702, 27788

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