Nikkei 225
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The Japan market moved higher and nearing resistance at 18000. A successful testing of and breaking would send the market higher to 20000 level.
2007 would be a great year to look forward for Japan.
Nikkei 225
Chart from Yahoo Finance
From the weekly chart and monthly chart, Japan market is swinging within an up channel. The macro situation in Japan seems to be holding up well. With Asia and US strong, Japan could well get a lift and less surprise on the down side.
Interesting reads:
Nikkei 225
Chart from Yahoo Finance
Right shoulder did not form. Bullish trend still intact. Resistance closer to 18000.
Holding.
Nikkei 225
Chart from Yahoo Finance
While other Asian markets are taking a breather, Japan is edging up. But it looks like it could be a right shoulder forming.
A clear break above 17000 would cheer the bull on.
Nikkei 225
Chart from Yahoo Finance
Will Japan market rebounce? That’s a question on many investors’ mind.
Japan is a laggard in the bullish Asian market. Direction is still unclear.
Nikkei 225
Japan continues to fall and is the sole disappointment in the bullish Asian market.
Next support at 15500.
Nikkei 225
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