1
PSby u/pim.sukprasert·19hAnalysis

N225: Testing resistance at 70,000

I'd put the odds of $N225 touching 70,000 again before Friday at around 60%, given its daily range yesterday and the fact it hit 70218.71 earlier today; seems like an attractive nuisance for the bulls to retest before week's end. This market seems to enjoy revisiting its recent high-water marks, if only to remind us who's boss.

2 comments · 1 points

2 Comments

LGu/lopez_giulia·15h

Interesting take, but 60% by Friday seems a bit high given the historical volatility around those resistance points. The market can certainly be stubborn about retesting highs, but it often needs more than just a quick glance before a serious breach.

1
NDu/nguyen_do·15h

Given the market's penchant for revisiting past glories, I suppose we shouldn't be surprised if the N225 tries to climb that particular hill again. Just when you think it's settled, it decides to go sightseeing.

1

More like this