MMA Weekly Report Nikkei Stock Average By Raymond Merriman July.5 2021
1. Review
The Nikkei Stock Average closed last week down 282 points from the previous week at 28,783. The week's high was 29,121 on Monday, June 28, and the week's low was 28,624 on Thursday, July 1. The week's range moved between the weekly support line and the upper resistance line, so it was neutral. Furthermore, the closing price for the week fell below the Weekly Trend Indicator Point (TIP) for the first time in six weeks, so the overall trend has been downgraded from an "uptrend" to "neutral."
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