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Japans Nikkei index higher on Thursday

2018-02-08 07:34 am | Resource: NEWS | No Views : 161

The Nikkei average rose on Thursday as buyers looked for deals on stocks that fell heavily earlier in the week

The Nikkei fell 1.1 percent to 21,890.86 points, but has still lost almost 6 percent so far this week.

Car makers, glass makers and pharmaceuticals led the gains, while food and mineral stocks lost.

Toyota Motor rose 2.4 percent, Subaru Corp. rose 2.9 percent, Asahi Glass rose 5.9 percent and Takeda Pharmaceutical added 1.8 percent.

Aginomoto was down 1.7 percent and Toho Zink was down 5.7 percent and the broader TOPIX index rose 0.9 percent to 1,765.69 points.

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NASDAQ Technical Analysis 19 October 2018

Time frame Used - four hours The NASDAQ 100 is moving in a sideway direction in the near term The bears managed to push the NASDAQ 100 index back to level of  7080 In view of the technical indicators Both the RSI and the Stochastic are indicating the arrival of indicators to the oversold area Based on this, we expect that the NASDAQ index will test levels of 7352 -…

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