MMA Weekly Report Nikkei Stock Average By Raymond Merriman Apr.19 2021
Official Website
1. Review
The Nikkei Stock Average closed last week at 29,683, down 84 points from the previous week. The week's low was 29,538 on Monday the 12th. The week's high was 29,897 on Tuesday the 13th. The week's range moved between the weekly support line and the upper resistance line, so it was neutral. However, the closing price for the week exceeded the Weekly Trend Indicator Point (W-TIP) for three consecutive weeks. Therefore, the basic trend would normally be upgraded to an “uptrend,” but on a weekly basis it closed as a bearish candle, so the basic trend remains “neutral.”
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