MMA Weekly Report Nippon Keizai Heikin Kabuka By Raymond Merriman Aug.30 2021
1. Review
Last week the Nikkei 225 ended at 27,641, up 627 points from the previous week. The week's low was 27,193 on Monday the 23rd. The week's high was 27,897 on Wednesday the 25th. The closing price for the week exceeded the upper end of the weekly resistance line, so the outlook is bullish. Furthermore, although this closing price fell below the Weekly Trend Indicator Point (TIP) for two consecutive weeks, the weekly chart closed higher with a bullish candlestick, indicating that the overall trend has been upgraded from “near a downtrend” to “neutral.”
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