Nikkei Trading Near 1989 Stock Peak: Double Top?

Stocks Analysis by Chris Kimble covering: Nikkei 225. Read Chris Kimble's latest article on Investing.com

Why? Because there was a bullish mania to buy Japanese stocks and its peak in 1989 turned into a massive decline that lasted years.

Looking at today’s long-term monthly chart, it appears that it is worthwhile to keep a close eye on the Nikkei index. Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Investingcom /  🏆 450. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dow Jones Utilities Rally Testing 2022 Highs - Pullback or Breakout Ahead?Stocks Analysis by Chris Kimble covering: Dow Jones Utility, The Utilities Select Sector SPDR® Fund. Read Chris Kimble's latest article on Investing.com
Read more »

Will a Bearish Pattern in Semiconductors Pull Stock Market Lower?Stocks Analysis by Chris Kimble covering: SPDR® S&P 500, VanEck Semiconductor ETF. Read Chris Kimble's latest article on Investing.com
Read more »

Are High Yield Spreads Forecasting Another Stock Market Decline?Stocks Analysis by Chris Kimble covering: Invesco S&P 500® Equal Weight ETF. Read Chris Kimble's latest article on Investing.com
Read more »

Is the Nasdaq 100 Repeating Bearish Topping Pattern?Stocks Analysis by Chris Kimble covering: Nasdaq 100. Read Chris Kimble's latest article on Investing.com
Read more »

USD/JPY: Is the Currency Pair Oversold and Ready to Rally?Forex Analysis by Chris Kimble covering: US Dollar Japanese Yen, US Dollar Index Futures. Read Chris Kimble's latest article on Investing.com
Read more »

US Dollar Rally Near Critical Inflection PointForex Analysis by Chris Kimble covering: US Dollar Index. Read Chris Kimble's latest article on Investing.com
Read more »