0055 GMT - The Nikkei Stock Average has staged a medium-term bearish breakdown from a previous four-month range configuration that was intact since late September 2024, based on the chart, Oanda's Kelvin Wong says in an email. The Nikkei Stock Average has broken below its 200-day moving average, which is now acting as key medium-term pivotal resistance at 38520, the senior market analyst notes. Also, the daily relative strength index remains bearish as it hasn't reached oversold territory, Wong says. Further potential weakness may be on the horizon to expose next medium-term support levels at 35250, 33740, and 33340, Wong adds. The Nikkei Stock Average is 0.1% lower at 37288.24. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
March 04, 2025 19:55 ET (00:55 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。