The Nikkei Stock Average continued to lack direction last week, while trading activity declined. Future movements are expected to develop along the trendline and will be closely watched.
Last week (24–28 August), the Nikkei Stock Average lacked direction as trading volume declined while investors awaited the outcomes of events.
An examination of the daily chart suggests that the trendline offers clues to interpreting future movements in the current market phase. Attention is expected to focus on the direction indicated by the trendline and key levels as the market develops.