MMA Weekly Report Nikkei Stock Average By Raymond Merriman May 31, 2021
1. Review
Last week the Nikkei 225 index closed at 29,149, up 831 points from the previous week. The week's low was 28,212 on Monday the 24th, and the week's high was 29,194 on Friday the 28th. Since the closing price was above the weekly resistance level, sentiment was bullish. This closing price exceeded the prior week’s four out of five weeks in which the Weekly Trend Indicator Point (TIP) was below that level, so the overall trend outlook was upgraded from “near downtrend” to “neutral.”
× ![]()