MMA Weekly Report Nikkei Stock Average By Raymond Merriman Mar.15 2021
1. Review
Last week's Nikkei 225 index closed up 853 points from the previous week at 29,717. The week's low was on the 9th (Tuesday) at 28,609. The week's high was on the 12th (Friday) at 29,774. Since the week's closing price remained within the upper resistance zone for the week, sentiment was largely bullish. Furthermore, the week's closing price surpassed the Weekly Trend Indicator Point (TIP) for the first time in three weeks, but the overall tone remains aiming to stay “neutral.”
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