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Japan NIKKEI support & Resistance forecast

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European Factors--Shares set to track Wall Street slide (at Reuters)
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World stock market Watch :- Japan NIKKEI Index support & Resistance
Patel (11/16/2008 12:47:46 PM)

Japan NIKKEI Index started to show some positive development in charts. With positive divergence in RSI it hold a support and it making a up side flag pattern, any up side breakout of this flag consider long entry point. Another positive development is government declares many favorable actions to stabilize economy.

9056 is a primary resistance and 9521 is a strong resistance. In case stock market goes above 9521 that’s a buying pattern cup and handle up side breakout, above 9916 you can enter long with target 11793 / 12127.
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