(CercleFinance.com) – Tokyo begins the week with a cannonball: Tokyo begins the week with a cannonball: Tokyo begins the week with a cannonball: the Nikkei rises 2.67% to 39,740, which erases suddenly the weekly loss of -2.5% suffered from March 11 to 15.
The Nikkei index closes the ‘gap’ of 39,551 on March 8 and re-enters its short-term ascending channel that began on February 7 from a floor of 36,000 points.
But it could be a simple test of the former ascending support, which does not rule out the risk of seeing the Nikkei fill the ‘gaps’ of February 14 (37,825Pts) then February 8 (36,195) , before joining the small support level of 35,750Pts on January 25 and 31 (i.e. +2,300Pts compared to January 1) which suddenly erases the weekly loss of -2.5% suffered from March 11 to 15 .
The Nikkei index closes the ‘gap’ of 39,551 on March 8 and re-enters its short-term ascending channel that began on February 7 from a floor of 36,000 points.
But it could be a simple test of the former ascending support, which does not rule out the risk of seeing the Nikkei fill the ‘gaps’ of February 14 (37,825Pts) then February 8 (36,195) , before joining the small support level of 35,750 Points on January 25 and 31 (i.e. +2,300 Points compared to January 1), which suddenly erases the weekly loss of -2.5% suffered from January 11 to 15 March.
The Nikkei index closes the ‘gap’ of 39,551 on March 8 and re-enters its short-term ascending channel that began on February 7 from a floor of 36,000 points.
But it could be a simple test of the former ascending support, which does not rule out the risk of seeing the Nikkei fill the ‘gaps’ of February 14 (37,825Pts) then February 8 (36,195) , before joining the small support level of 35,750 Points on January 25 and 31 (i.e. +2,300 Points compared to January 1)
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