MMA Weekly Report Nikkei Stock Average By Raymond Merriman Jan.12 2021
1. Review
Last week, the Nikkei 225 closed at 28,139, up 694 points from the previous week. The week's low was on the 5th (Tuesday) at 27,702. The week's high was on the 8th (Friday) at 28,139. Since the closing price exceeded the weekly resistance level, the tone was bullish. And because this closing price also surpassed the Weekly Trend Indicator Point (TIP) in 9 of the past 10 weeks, the underlying uptrend remained intact.
× ![]()