NIKKEI 225 (NKY) Heads Up For the 3rd Day In A Row, in a Downtrend Over Past 30 Days; Pin Bar Pattern Appearing on Chart

NIKKEI 225 Daily Price Recap

NIKKEI 225 is up 2.01% ($373.88) since the previous day, marking the 3rd day in a row an upward move has occurred. Relative to other instruments in the global equity indices asset class, NIKKEI 225 ranked 5th since the previous day in terms of percentage price change. Here is a daily price chart of NIKKEI 225.

NIKKEI 225 Technical Analysis

The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. For another vantage point, consider that NIKKEI 225’s price has gone up 7 of the previous 14 trading days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard on Twitter

Over on Twitter, here were the top tweets about NIKKEI 225:

  • From RANsquawk:

    Asia equity markets begin mostly positive and US equity futures gain amid some signs of hope after the death toll in Italy slowed to the lowest since March 19th, while Spain and France also reported a reduced pace of deaths; ASX 200 (+1.3%), Nikkei 225 (-0.2%), KOSPI (+1.2%)

  • From RANsquawk:

    Asia markets take impetus following the firm handover from Wall St where all major indices rallied by at least 7% and the DJIA notched a more than 1600-point gain on hopes of a coronavirus slowdown; ASX 200 (+1.6%), Nikkei 225 (+3.0%), KOSPI (+2.2%)

  • From WSBConsensus:

    Asia markets take impetus following the firm handover from Wall St where all major indices rallied by at least 7% and the DJIA notched a more than 1600-point gain on hopes of a coronavirus slowdown; ASX 200 (+1.6%), Nikkei 225 (+3.0%)