MMA Weekly Report Nikkei Stock Average By Raymond Merriman Sep.23 2020
1. Review
Last week's market closed at 23,360, down 46 points from the previous week. The high of the week was 23,582 on Monday the 14th. The low of the week was 22,272 on Thursday the 17th.
Therefore, the week's range moved between the weekly lower support line and the upper resistance line, remaining neutral. However, the week's closing price exceeded the Weekly Trend Indicator Point (TIP) for the sixth consecutive week, so the underlying trend remains an upward trend.
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