Nikkeï 225: higher for two months

Catégorie [ Nikkeï ]

Long term: technical recovery

On a yearly basis, our 23 years moving average trend is down. Our stochastic and MACD are overbought. LY is our first support.

 On a quarterly basis, the spread UQ / LQ is wide but extend. For our 7 / 23 quarters moving averages, a bearish A type crossover is in progress. Our stochastic is not oversold.

On a monthly basis, a bearish parallel pattern is over with a previous close above MM.  The status for our stochastic and MACD is a bullish no-crossover. UM / MQ could be a target.

Idea: end of recovery with a monthly close below MM.

Bet: UM will be the highest level in 2010.

R = UM (13474);     S = MM (10037), PM (8125)

 

Medium term: recovery

On a weekly basis, UW / LW spread is minimal and increase. With our 7 / 23 weeks moving averages, a bullish A type crossover is in progress. Our stochastic and MACD are oversold. With the monthly trend, no bullish pattern could develop. MW is our main support. As long as our MACD is not overbought, the rise in progress will continue.

Idea: bullish pre-parallel pattern

Bet: UM will be the highest level in 2010.

R = UM (13474);   S = MW (10125)

 

Short term: rise

On a daily basis, a bullish pre-parallel pattern could develop if PD acts as a support today. Otherwise, MD will be our first target.

Idea: With a bullish pre-parallel pattern, UM will be a target.

Bet: PD = support until Tuesday close.

R = UM (13474);   S = PD (10723), MD (10502)

 

Conclusion: see short term analysis.