MMA Weekly Report Nikkei Average Stock Price By Raymond Merriman Mar.22 2021
1. Review
Last week, the Nikkei Stock Average closed at 29,792, up 74 points from the previous week. The week's high was 30,485 on Thursday the 18th, and the week's low was 29,621 on Friday the 19th. Although the week's high surpassed the upper resistance line, the closing price fell short, triggering a bearish signal. The closing price exceeded the Weekly Trend Indicator Point (TIP) for two consecutive weeks, but the overall market tone remains “neutral.”
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