Cabana Capitals Blog Technical Analysis Confirmed breakout on Nikkei 225 30 Minutes chart

Confirmed breakout on Nikkei 225 30 Minutes chart

Confirmed breakout on Nikkei 225 30 Minutes chart post thumbnail image

Nikkei 225 is once again retesting a key horizontal support level at 38795.0000. It has tested this level 3 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.

Supported by Downward sloping Moving Average

Target: 38548.3008 Entry: 38707 Stop: 39111.71

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