Buying Nikkei at pivotal swing low.

2023년 8월 14일

NIK225 - 24h expiry - We look to Buy at 31770 (stop at 31475)

Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
We are trading at oversold extremes.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
The hourly chart technicals suggests further downside before the uptrend returns.
Preferred trade is to buy on dips.

Our profit targets will be 32610 and 34015

Resistance: 34015 / 35000 / 36110
Support: 30800 / 29810 / 28815

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