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This article is not intended to indicate or recommend timing for buying or selling.
Please make your own investment decisions.
The Nikkei Average in the Tokyo market has been trending weakly, but it has been gradually recovering from the downside as it is being dragged up by sturdy U.S. stocks.
In a previous article, I wrote that since the range-bound movement is continuing, you can buy when levels are cheap without being swayed too much by trendlines; by watching the horizontal lines, you may determine that buying at low levels is acceptable.
As of the time of writing, around midnight, it was trading near 29,170, and I want to focus on whether it can reliably break above the downtrend neckline of 29,300.
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