Aurum Markets Blog Technical Analysis Nikkei 225 – support line breached

Nikkei 225 – support line breached

Nikkei 225 – support line breached post thumbnail image

Nikkei 225 moved through the support line of a Triangle at 39700.0 on the 30 Minutes chart. This line has been tested a number of times in the past and this breakout could mean an upcoming change from the current trend. It may continue in its current direction toward 39260.1913.

Supported by Downward sloping Moving Average

Target: 39260.1913 Entry: 39700 Stop: 39858

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