MMA Weekly Report Nikkei Stock Average By Raymond Merriman Jun.28 2021
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Investment Daily Journal Co., Ltd. / Meriman Nikkei Weekly
www.toushinippou.co.jp
1. Review
The value is 29,174 on Friday the 25th. Although the weekly low had broken below the weekly downside support line, the market recovered from there, and by the close it exceeded it, which is a bullish trigger. Furthermore, this closing price exceeded the Weekly Trend Indicator Point (TIP) for five consecutive weeks, so the underlying trend remains in an “uptrend” state.