The Nikkei index declined at the close of trading today
Japanese stocks closed lower on Friday, with losses across several sectors.
The transportation and telecommunications sectors were among the worst performers.
The leading stocks that declined at the close of trading were:
Sumitomo Metal Mining Co., down 4.7%
Japan Steel Works Ltd., down 2.3%
Rakuten Inc., down 2.7%
The Nikkei index itself fell by 0.35%.
Nikkei
Regarding the analysis of the Nikkei index:
The index fell today to levels of 50,197.
However, the outlook remains bullish in the long term.
The index is still in an upward trend, and the outlook remains bullish
in the long term, as long as it does not break below the previously identified buying levels.
The index is targeting a rise to previous peak levels,
which are near the 52658 level.
