Nikkei 225 Index maintains bull triangle under long-term resistance

September 24, 2020 Update: Credit Suisse analysts say the Nikkei 225 Index is remaining capped at its long-term resistance levels of 24,000 or 24,450. They said the index is maintaining its bull triangle and that they wouldn’t rule out a test of the long-term resistance levels starting at 23,940, which is the potential downtrend from the 2018 high, before the 2019 highs at 24,090 and 24,115. Finally, they would see a retest of the 2018 high at 24,450, but they expect that level to remain “a formidable barrier.”They add that a close below 22,595 is needed to see the triangle negated and a “rang…

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HEDGE accordingly