MMA Weekly Report Nikkei Stock Average By Raymond Merriman Jan.5 2021
[Greeting] Dear readers, Happy New Year. I pray that 2021 will be a year of happiness and safety, freedom from illness, inner peace, and thriving commerce for you all. (Raymond Meriman)
1. Review
The last trading session of last year closed up 787 points from the previous week at 27,444. The week’s low was 26,664 on Monday, December 28, 2020. The week’s high was 27,602 on the day before the year-end, Tuesday, December 29, 2020. Therefore, the closing price of last year’s final week exceeded the weekly upper resistance line, making sentiment bullish. And since this closing price exceeded the Weekly Trend Indicator Point (TIP) in 8 out of 9 weeks, the current trend remains in an “uptrend.”
× ![]()