Is the stock market adjustment postponed?
Hello, this is Nikkei OP seller-in-chief of the administrator.
Thank you very much for visiting this blog.
I would like to provide information that can be of help to everyone, so please continue to support us.
Now, the theme this time isMarket Impressions.
After the holiday, the Nikkei average rose sharply by about 400 points.
As a result, the PER has risen to 14.38 times.
Closing price 20299.38
EPS 1415.58
05-day moving average 19931.75
25-day moving average 19578.33
75-day moving average 19874.72
200-day moving average 19453.37
On the other hand, as the closing price updated year-to-date highs, sellers find themselves in a rather tight position.
As a result, even a small drop tends to trigger a quick buyback, making the downside seem more solid.
Furthermore, schedule-wise, with an upcoming dissolution election and the likelihood of buying for the dividend rights at the end of September, this state is likely to continue at least until the end of September.
Note) The forecast for the October 22 voting appears to be the most common.
October 10, the founding anniversary of North Korea's Workers' Party, is ominous, but the Nikkei average may remain overvalued for a while, potentially moving in a steady pattern.
Note) The above is my personal opinion and is intended solely to improve financial literacy. Therefore, it is not prepared for investment solicitation. The final investment decisions should be made at your own risk.
＜If you could click to support, I would greatly appreciate it. m(_ _)m＞
