Technical forecast for Topix

topix1

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.

Jason Sen began his career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens. Jason always had an interest in technical analysis throughout his trading career but began to study this area in depth from 2006. www.daytradeideas.com has established itself as the leading provider of... More