The Nikkei Average fell sharply on the 11th, closing at ¥64,011.34 after extending its intraday decline to ¥2,062.32. The 25-day moving average is declining, while the 75-day moving average has turned downward, raising caution over the risk of a price-based correction.
The Nikkei Average fell sharply on the 11th, extending its intraday decline to ¥2,062.32 and closing at ¥64,011.34. The candlestick closed as a bearish candle with a lower shadow, indicating stronger selling pressure than the previous day.
The 25-day moving average entered its second day of decline, continuing to cap the market's upside. While the index remained below the 25-day moving average, the 75-day moving average turned downward, suggesting increased longer-term selling pressure.
Under the Ichimoku Cloud analysis, the close fell below the lower edge of the cloud, and a bearish three-line reversal pattern may have emerged. This warrants caution over the risk of a continued price-based correction.
This move includes information reported by Fisco as CS, with reports from s.kabutan.jp and Kabutan cited as corroboration from related news media.