JPN225: Nikkei potentially confirming a yearly uptrend soon...
The Nikkei has been in an insane climb lately, and Japan as a whole, has been presenting more attractive valuations overall, than US or Europe stocks. Personally, I'm long EM equities, and some US ones, but, Japan does have a valid uptrend in the intermediate term, and soon in the long term as well. One concern you may have is mainly demographic, if you factor in the population aging, which could contribute to a slow down of growth over the long haul, as well as potential geopolitical risks, being so darn close to 'Rocket man'. Talking of Rocket man, did you know there was a Megaman prototype game called like that, before it was called Rockman X in Japan? I didn't either: www.youtube.com/watch?v=ajS_joGV...
Funny stories aside, wether Trump is a Megaman fan or not, this is a significantly interesting chart to monitor for bullish setups in select japanese equities.
Best of luck,
Ivan Labrie.
Funny stories aside, wether Trump is a Megaman fan or not, this is a significantly interesting chart to monitor for bullish setups in select japanese equities.
Best of luck,
Ivan Labrie.
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Has been going nowhere ever since, it retested the yearly mode as support, in the COVID crash, and now looks toppy in the weekly.
I wouldn't hold this one personally.
I wouldn't hold this one personally.
Trend is confirmed.