Nikkei Forecast May 23, 2014, Technical Analysis » Fx Empire …
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Nikkei gapped higher at the open on Thursday, showing a massive amount of bullishness as buyer stepped in. We believe now that a move above the 14,500 level census market much higher, and that’s what we believe will happen given enough time. With that, we are buyers on pullbacks to show signs of support, as well as breakout above the 14,500 level. Selling is not an option, at least until we make a fresh, new low. Ultimately, we think that the Nikkei has probably bottomed at this point in time, and as a result are very bullish.
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Nikkei Forecast May 23, 2014, Technical Analysis » Fx Empire …
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