MMA Weekly Report Nikkei Average Stock Price By Raymond Merriman Dec.7 2020
1. Review
Last week's market closed up 1,106 points from the previous week at 26,751. The week's low was 26,405 on Monday, November 30, and the week's high was 26,869 on Wednesday, December 2. The closing price for the week fluctuated between the weekly support line and the upper resistance line, so it was neutral. However, not only did this closing price exceed the Weekly Trend Indicator Price (TIP) for seven out of eight weeks, but last week also continued to mark a new year-to-date high, following the previous week. Therefore, the underlying trend is still seen as maintaining an 'upward trend'.
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