JP 225 stock index (Cash) yesterday bounced off the 21,431 mark, that being the 23.6% Fibonacci retracement of the up leg from 15,384 to 23,302, resuming the uptrend by climbing above the 200-day simple moving average (SMA). The Ichimoku lines and the short-term oscillators, although reflecting the recent pullback, continue to back an improving picture overall. The MACD, despite falling below its red trigger line, remains deep in bullish territory, while the RSI is rising above its 50 level. Additionally [..]
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