In Tokyo trading last week, TOPIX extended its winning streak to 8 sessions, while the Nikkei Average rose for 4 straight days, indicating a recovery trend. The article explains the factors that could support further gains from the perspectives of trend and momentum.
In Tokyo trading from 10 to 14 August, TOPIX continued to rise and set a new all-time high toward the end of trading. The Nikkei Average, meanwhile, rose for 4 straight days, following TOPIX's movement.
The article examines the key factors that could support further gains in the Nikkei Average from the perspectives of trend and momentum. It explains that there are no signs of short-term overheating and that further upside remains possible.
The article focuses on market trends from 10 to 14 August and on trend and momentum as conditions for further gains.
The article's key point is that the possibility of the Nikkei Average maintaining its recovery trend should be assessed alongside developments in TOPIX.