Nissan and Renault confirm talks over alliance, a type of agreement may boost its share price.

Nissan and Renault confirmed this morning that they are in talks over their future alliance.  From a technical aspect, Nissan is currently trading at ¥471 ($3.24) with first support level at Ұ454 ($3.12).  A break below the Ұ454 support level, could see Nissan’s share price drop towards the next support level at 436 ($3). Which corresponds with the lower orange trendline. Towards the upside for the bulls, first resistance rests at Ұ503 ($3.46) followed by major resistance at Ұ577 ($3.97) (red trendline). A break above the major resistance may see the stock rise towards some of its highs from earlier during the 2022 year. MACD is slightly negative and RSI has changed from 35 to 38. A boost in the shares is a possibility if both Nissan and Renault come to any agreements.