MMA Weekly Report Nikkei 225 By Raymond Merriman July 12, 2021
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1. Review
Last week, the Nikkei Stock Average closed at 27,940, down 842 points from the previous week. The weekly high was on the 6th (Tuesday) at 28,748. The weekly low was on the 9th (Friday) at 27,419. On the closing price for the week, it fell below the weekly downside support line, indicating a bearish sentiment. Furthermore, this closing price was below the Weekly Trend Indicator Point (TIP) for two consecutive weeks, but the overall condition still barely remained “neutral.”