Mar 9 - Nikkei Index (break Resistance 9770)

May 9 - Nikkei Index Movement

Besides, STI Index and investment into Singapore Stocks. Some of you might want to consider the Nikkei Index. After the Tsunami and TEPCO nuclear issue, everyone seems to avoid those value investing stock. Over the last few weeks, Nikkei is trading in a narrow band (9336 and 9770). Suddenly, it has slowly but surely wake up and goes into +ve range. See my TA explanation below,

Nikkei 225
- Trend - Entering +ve range, 9D signal line crossing the MACD 0 reference line. Price trending above Ichimoku Cloud.
- Momentum - RSI indicate above 50-60% range.
- Candlestick - N.A.
- Pattern - N.A
- Support line - 9770
- Resistance line - 10000

Key observation, Nikkei index has break the 9770 resistance and turn support. This psychological line and MACD indicators are important indicators, as it will increase the momentum and interests for Japanese stock. Next time, I will try to blog some Value Investing stock for Nikkei.