(CercleFinance.com) – The Nikkei is lining up a 7th consecutive rising session (+0.77% to 30,808 and +4.8% weekly gain) after rocketing to around 90,924 intraday: the index pulverizes its zenith in the process of 30,700/30,750 tested on February 16 and September 14, 2021 to register its best closing for… 33 years.
This may be a major bullish technical signal (watch out for the ‘bull trap’ though) with a target of 35.700/35.800 according to the amplitude carryover rule.
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