Asian stock indices are trading in the green zone today as Japan has adopted new economic stimuli.
As of today’s Asian trading session, the market situation looks as follows:
· Nikkei Stock Average 225: +0,48% up to 9446,01.
· SSE Composite: +0,85% up to 1980,12.
· Hang Seng: +0,49% up to 22030,39.
· KOSPI: -0,1% down to 1932,9.
The chart below, courtesy of , reflects the current state of affairs in the market of Nikkei Stock Average 225. Yesterday, the index accelerated the rally. Therefore, the current bullish move may turn into wave 5 of a mid-term rally. The price has come close to the key level of resistance located at 9486. If the price fails to beak and consolidate above it, we may see a bearish move down to 9208-9110.
