Nikkei 225 to 27,000 and beyond
Diupdate
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.
Catatan
we are up 275 points from Jan 7 entry. Congrats to those who followed.Catatan
A year later and I was proven wrong. It went up to 29,000 , haha. Praise the Lord
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