dchua1969

Nikkei 225 to 27,000 and beyond

TVC:NI225   Nikkei 225 Index

Do you want to have a piece of that Olympics profits ?

If you condense the chart close enough, you would notice last Christmas (25 Dec 18), there is a inverse H&S pattern displayed nicely. Approximately at 20,163 acting as the support , the Nikkei 225 has not look back since, galloping its way to the rising sun.

With the forthcoming Olympics in 6 months time, Japan is definitely going to see inflow of funds in tourism, hotels, F&B, casinos, sports apparels, etc.

You can wait for the resistance to be broken above at 24, 377 first before adding long for additional margin of safety.
Jan 11
Comment: we are up 275 points from Jan 7 entry. Congrats to those who followed.

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