Nikkeï : Toppish

Catégorie [ Nikkeï ]

Long term: towards LY (6342)

On a yearly basis, LY (6342) is our first support.

 On a quarterly basis, the status for our stochastic and MACD is overbought. The spread UQ / LQ is wide but extend. For our 7 / 23 quarters moving averages, a bearish A type crossover is in progress. LY (6342) is our first target.

On a monthly basis, a bearish parallel pattern is in progress.

Idea: below LY (6342) is not ruled out.

R = UW (9276), 9326;     S = 6994, LY (6342)

 

Medium term: recovery above UW (9276)

On a weekly basis, a bullish non-crossover is in progress with our MACD. Above UW (9276); as long as our MACD is not overbought, the technical recovery will continue.

Idea: only technical recovery as long as PM (10569) acts as a resistance.

R = UW (9276), 9326, PM (10569);   S = MW (8223), LW (7169)

 

Short term: flat

On a daily basis, UD / LD spread is minimal. A bearish A type crossover could develop with our 7 / 23 days moving averages. A bearish non-crossover is the status for our stochastic and MACD. LD (8307) is our main target if PD (8612) fails as a support.

Idea: bullish intraday trading

R = UD (9147);   S = PD (8612), LD (8307), MW (8223)

 

Conclusion: very bearish if UW (9276) acts as a resistance.