Nikkei 225 Index
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Anderson Noah
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06.08.2024
The Nikkei 225 (J225), a major Japanese stock market gauge, appears to be significantly oversold. The benchmark has plummeted by 27.8% from its July high of 42,515 points, hitting a low of 30,705 points on August 5, the lowest since October 31, 2023. This rapid decline has been driven by panic sell-offs. Even if the downward trend continues in the mid-term, the benchmark is likely to experience at least a dead cat bounce.
Currently, the entry point seems appropriate as J225 has reached its trend support. My target range is 37,000-38,000 points, aligning with the average of the ascending channel and a horizontal support level, marking the starting point of the recent decline. A stop-loss could be set at 29,500 points.
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| Ticker | J225 |
| Contract value | 100 JPY x J225 Index |
| Maximum leverage | 1:100 |
Swaps history
| Date | Short Swap (%) | Long Swap (%) | No data |
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| Minimum transaction volume | 0.01 lot |
| Maximum transaction volume | 100 lots |
| Hedging margin | 50% |
Margin requirements
| USD Exposure | Max Leverage Applied | Floating Margin |
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