MMA Weekley Report Nikkei Stock Average By Raymond Merriman Apr.5 2021
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1. Review
The Nikkei Stock Average closed the week at 29,854, up 677 points from the previous week. The week's low was 29,165 on Wednesday, March 31, and the week's high was 29,869 on Friday, April 2. The close was above the weekly upper resistance line, indicating a bullish sentiment. Moreover, since this closing price surpassed the level after the TI P (Weekly Trend Indicator Point) had fallen below it for the first time in three weeks, the overall trend is still considered to be 'neutral'.