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Nikkei 225 Stock Average: Technical Analyst Tomohiro Ito’s Market Scenarios and Predictions

Tomohiro Ito (Technical Analyst)
If yesterday’s decline in the Nikkei 225 stock average is temporary and the stock price moves to test the upper range again, it is likely that the Nikkei Stock Average will start to rise shortly after moving closer today.

If yesterday’s high price of 36,239 yen returns to the high price, even if the price rises today, the high price will likely be capped at around yesterday’s opening price of 35,850 yen.

If today’s price is around 35,850 yen and the top price cannot be strongly stopped, there may be a move to raise the price above 36,239 yen in the near term.

If the price falls today, it is likely to start falling shortly after the move, with little to no upside.

Information provided: Power Trend = Tomohiro Ito’s Power Trend

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