Best Short-Term Buying Areas for the Nikkei

The Nikkei is still moving in a general uptrend.

The index has also rebounded from the previous daily resistance areas,

located at 42092.

The index is currently consolidating and has begun to rise.

Based on the effect of the consolidation, the corrective downtrend has been broken.

The index has also been able to form new, good buying demand areas,

which are currently considered the best buying areas.

These demand areas are located at 42197.

From there, a rise to targets 42500 and 43000 is expected.

It is also possible that with a retest of the broken trend,

we will see the index rise to the same targets.

However, if a candlestick breaks and closes below 

the demand areas, the buy view fails.