The land of the rising sun looks brighter for the past few weeks. The Nikkei 225 index moved into “Recovery” phase since the beginning of Apr 08.
The index has stayed in “Recovery” phase for 28 trading days. It is now above its 50 day moving average. The 200 day moving average is now at 14,963. The immediate support for the index is at 14,000 points.
The index has stayed in “Recovery” phase for 28 trading days. It is now above its 50 day moving average. The 200 day moving average is now at 14,963. The immediate support for the index is at 14,000 points.
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