It was said “Nikkei may consolidate in the range of 13.2k to 13.6k before moving up”. During the week, it indeed moved in a narrow range of 13468-13018, slightly moved below lower range.
Even so, the medium term bullish outlook remains intact above 12.7k, the level from Nikkei bounced to 13.6k (16th -24th July).
In the near term, expect a range trading in 12.8k- 13.6k, before heading higher. Strict stop at 12.7k (cl).
August 4, 2008
Positive > 12.8k.Stop 12.7k (cl)
Nikkei 13094
It was said “Nikkei may consolidate in the range of 13.2k to 13.6k before moving up”. During the week, it indeed moved in a narrow range of 13468-13018, slightly moved below lower range.
Even so, the medium term bullish outlook remains intact above 12.7k, the level from Nikkei bounced to 13.6k (16th -24th July).
In the near term, expect a range trading in 12.8k- 13.6k, before heading higher. Strict stop at 12.7k (cl).
It was said “Nikkei may consolidate in the range of 13.2k to 13.6k before moving up”. During the week, it indeed moved in a narrow range of 13468-13018, slightly moved below lower range.
Even so, the medium term bullish outlook remains intact above 12.7k, the level from Nikkei bounced to 13.6k (16th -24th July).
In the near term, expect a range trading in 12.8k- 13.6k, before heading higher. Strict stop at 12.7k (cl).
