Nikkei 225

I have been hessitated to write about Nikkei 225, for one Nikkei has been on a down trend since 1988 and I do not think I am buying any stocks from Japan ( no account there at all ). Today however, I read news about Nikkei going up, and I did see a gap up a few weeks ago. So may be it worth a look.



Fig. 1 Nikkei 225 weekly chart

Nikkei has been going up but it is now quite exhausted. Base on candlesticks, it has created 2 patterns,an advance block and eventually a Doji Star in creation. It is highly possible that Nikkei is reversing towards its neckline at least ( a double bottom was completed, although it is quite small ), target would probably be 9,360.