MMA Weekly Report Nikkei Stock Average By Raymond Merriman Mar.1 2021
1. Overview
Last week the Nikkei Stock Average closed down 1,052 points from the previous week at 28,966. The week's high was 30,458 on Monday the 22nd. The week's low was 28,966 on Monday the 26th. The closing price for the week was below the weekly support line, so it was bearish. Furthermore, this closing price fell below the Weekly Trend Indicator Point (TIP) for the first time in four weeks, so the overall trend was downgraded from an “upward trend” to “neutral.”
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