Nikkeï 225 : lower

Catégorie [ Nikkeï ]

Long term: technical recovery

On a yearly basis, our 7 / 23 moving averages have a down trend. 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 and MACD are not oversold (a bearish no-crossover could develop). LQ is our main target.

On a monthly basis, the status for our 7 / 23 months moving averages is a bearish no-crossover.  Our stochastic and MACD are not yet overbought. . With a close below MM, LM could be a target.

Idea: end of the multi-months recovery with a close below MM.

Bet: buy long term put.

R = UM (13461);     S = MM (9834), PM (8328), LM (6894)


Medium term: UW / LW spread is minimal

On a weekly basis, UW and LW are flat. With our 7 / 23 weeks moving averages, a bearish A type crossover will develop. LW is our next objective.

Idea: not yet bearish

Bet: bearish after year’s end.

R = MW (10131);   S = LW (9315)


Short term: bearish without pattern

On a daily basis, Bollinger bands spread was minimal and expending when a close occurred below LD. With the weekly status, the bear trend is only a technical decline.

Idea: same trend as long as our MACD is not oversold

Bet: MD will act as a resistance.

R = PD (10386);   S = LW (9315)


Conclusion: weak and bearish after the end of Q1.

Position:   Previous: nothing, in progress: nothing, next: nothing