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Tuesday, 16 August 2016

Nikkei 225 Index Technical Analysis: 16 August 2016, Tuesday, 10.35pm Singapore Time

Nikkei 225 Index Technical Analysis: 
16 August 2016, Tuesday, 10.35pm Singapore Time

Attached above is the technicals for Nikkei 225 Index reflecting the Japanese Stock Market.
Breakups and turning of resistances into supports as illustrated.
Nikkei is one of the weakest markets in Asia yet is Bullish.
Implication: when even the weakest is bullish, it means even the average plain Jane will be very bullish and the strong ones will be hyper bullish. I am buying big.

2 comments:

  1. Hi Donovan,
    Can share how/why you feel Nikkei has been one of the weakest markets in Asia? Do you have a ranking of the strongest to weakest Asia markets?

    Thank u in advance for answering.


    Victoria

    ReplyDelete
    Replies
    1. Because Japanese Yen had been strong, and Japan is still mostly an export-reliant economy.

      Delete