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Nikkei 225 Technical: Overstretched rally

Nikkei 225 Technical: Overstretched rally
Nikkei 225 has hit a 33-year high with a 2023 YTD return of +29%. Its 3-month up move has reached overstretched condition, more than two standard deviations above its 20-day moving average for three consecutive days. At the risk of a corrective pull-back with short-term bullish momentum dissipating. Fig 1: Japan 225 short-term trend as […]... Read More
Posted: Jun 15 2023, 04:28
Author Name: marketpulse
Views: 102653

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