Stock Technical indicators to notice in Nikkei 225 Japan (N225)
1- Last bullish trend was from 8,296.12 $ (12/19/2011) to 10,255.15 $ (3/27/2012) a 1,959.03 $ move 2- The current bearish trend started from 10,255.15 $ at 3/27/2012 and is currently trading at 9,045.06 $.
4- N225 current resistance level is at 9,275.63 which is the 50.00 % fibonacci retracement of the last 1,959.03 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
Nikkei 225 Japan (N225) Short term stock chart patterns for internet stock trading :
6- The Index was supported by a support line, identified by two points: 8,296.120 and 8,160.010 that was broken down at 9,045.060 transforming into a resistance line.
Nikkei 225 Japan (N225) Mid term stock chart patterns for internet stock trading :
None.
Nikkei 225 Japan (N225) Long term stock chart patterns for internet stock trading :
None.
Stock Trading Conclusion:
Nikkei 225 Japan (N225) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .
Stock Resistance Levels : 9,087.26, 9,275.63, 9,330.64, 9,506.80, 9,507.31, 9,650.11, 9,792.82, 9,792.90, 10,255.15,.
Stock Support levels : 9,044.47, 8,296.12, 7,763.26,.
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