MMA Weekly Report Nikkei Stock Average By Raymond Merriman Oct.4 2021
1. Review
Last week's Nikkei stock average closed down 1,477 points from the previous week at 28,771. The week's high was 30,414 on Monday the 27th. The week's low was 28,680 on Friday, October 1. The close for the week was weak as it fell below the weekly support line. Furthermore, since this close also fell below the Weekly Trend Indicator Point (TIP) for the first time in five weeks, the underlying condition has shifted from an “uptrend” to “neutral.”
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