Market Overview

Technical Forecast for Topix

Technical Forecast for Topix


Topix hit the next target of 1256. This is very strong longer term resistance & should present a big challenge to bulls, even in this steep bull trend. Exit longs & try shorts with stops above 1261 for 1276 then 1286 as the next upside targets.
We are overbought in the short term & on daily charts so a dip down to support at 1239 then 1234 is possible.

The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Posted-In: Technicals Markets Trading Ideas


Related Articles

View Comments and Join the Discussion!