Nikkei Average Technicals: Sharp decline for third straight session, breaks below 25-day line By: Fisco

The story

The Nikkei Average technical indicator fell for the third straight session, opening with a gap down. Trading was marked by a sharp decline, and the initial gap continued to weigh on the market.

The Nikkei Average technical indicator reportedly remained below the 25-day moving average thereafter, creating conditions in which the continuation of the downtrend was technically the focus.

At a glance

MovementThe Nikkei Average technical indicator fell sharply for the third straight session.

IndicatorIt broke below the 25-day moving average.

Opening priceThe market opened with a gap down.

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