TOPIX (Tokyo Stock Price Index)Hello!
I was just suffering the web and found this very interesting stock. We have just came off of a reverse head and shoulders spiked now trying to find footing on the current support line. We can see some consolidation while deciding to shoot back up or go down to a lower level for a possi
Ongoing recovery & Relatively Dovish BOJ = Long TOPIXAs Japan economy continue to recovery from the Delta outbreak, Japanese equities which have relatively low valuation vs other markets (forward P/E of TOPIX is about 14.3x vs MSCI ACWI of 20x) and have more cyclical sectors vs other markets (EU markets also have good cyclical exposures) should benefi
S&P vs TPX: Normally, I like to bash JapanBut in this instance i think on a relative value basis, theres a bit more near term room for upside in the land of the rising sun. Retail Japan have been heavy buyers of US mutual funds and for good reason given the hefty outperformance. Earlier in the year BoJ announced that their ETF purchases w
$TOPIX Bearish Engulfing Week Close < previous 4 closesTopix closed from a bearish engulfing. The Symmetrical triangle break was essential and followed by a follow-through rally. Symmetrical trinagle tends to appear towards the end of rally/trend. Close below 1947 will be the first flag. Close below 1902 will signal a long term trend reversal
Japans most famous resistance about to be tested (30+ yrs)Hey guys, this japanese index called TOPIX has a long history of staying below a resistance line for about 30 years so far. Hence they call it the iron coffin lid. The question is..when will it be broken if not in these frothy times..Good scalping opportunity either way. No financial advice, just my
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
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Oscillators
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Neutral
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Neutral
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Neutral
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Moving Averages
Neutral
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Moving Averages
Neutral
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Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.