Japan's Nikkei opens up 1%

The Japan's Nikkei opens up 0.98% in early trading at 27091.32..

The Japan stock market Stock Market A stock or equity market is defined as the aggregation of buyers and sellers of stocks, which reflect ownership claims on businesses.These may also include securities listed on a public stock exchange, as well as stock that is only traded privately. Common examples of this include shares of private companies that are sold to investors through equity crowdfunding platforms.Unlike the past, the stock market has grown to include a more mature retail market, though nearly all investment is still don A stock or equity market is defined as the aggregation of buyers and sellers of stocks, which reflect ownership claims on businesses.These may also include securities listed on a public stock exchange, as well as stock that is only traded privately. Common examples of this include shares of private companies that are sold to investors through equity crowdfunding platforms.Unlike the past, the stock market has grown to include a more mature retail market, though nearly all investment is still don Read this Term was close yesterday and in observance of vernal equinox day.

On Friday, the price gapped higher and continued to run higher closing above its 200 hour moving average for the first time since January 18. The 38.2% retracement of the move down from the September 2021 high comes in at 27017.30. That would be the next upside target on further upside momentum.

The opening price of 27091.32 takes the price above that 38.2% retracement, and opens the door for further upside momentum.

Conversely, a move back below the 200 hour moving average would disappoint the traders looking for the break and run..