An analysis using Bollinger Bands confirmed that the Nikkei Stock Average’s upward trend is moving in line with the theory. The analysis continues from the previous report and explains the key points of the movement.
Hiroyuki Fukunaga (福永博之) has continued his observations from the previous report on the premise that the Nikkei Stock Average is being analyzed using Bollinger Bands.
This time, he points out that the market has in fact shown movement in line with the basic theory of Bollinger Bands. Specifically, during an upward trend, the relationship between the movement of the bands and the share price is said to be behaving as theory would suggest. This indicates that the current movement may be consistent with the previous analysis.
The article reports, together with the author’s name, that the Nikkei Stock Average continues to be monitored using Bollinger Bands.