MMA Weekly Report Nikkei Stock Average By Raymond Merriman Mar.29 2021
1. Review
The Nikkei Stock Average closed last week down 615 points from the previous week at 29,176. The week's high was 29,496 on Tuesday the 23rd. The week's low was 28,379 on Wednesday the 24th. Although the week's low fell below the lower boundary of the weekly downside support line, it recovered at the close, which is a bullish trigger. Furthermore, this closing price temporarily fell below the Weekly Trend Indicator Point (TIP) for the first time in three weeks, but the overall trend remains “neutral.”
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