The Nikkei 225 continued to rise in line with the indications from technical analysis, reaching near the upper boundary of the cloud, according to reports. Its future direction is expected to depend on movements in the cloud’s upper boundary.
A technical analysis article on the Nikkei 225 reports that the index has continued to rise, extending its gains to near the upper boundary of the cloud (Koguma).
The upper boundary of the cloud is generally viewed as a resistance level, and the move is interpreted as indicating that the index has reached near this level.
The article examines the outlook from a technical analysis perspective and does not mention any specific stocks or price figures.
The article was reported by media associated with Gaitame.com, and is focused entirely on analysis of the Nikkei 225’s movements.