Bit of a delay - New Falling Wedge ready to break upJapan like Hong Kong is showing strong signs of growth.
We first had the breakout above the Cup and Handle and now we are awaiting the breakout above the Falling Wedge...
There are some strong signs of upside fundamentally...
💼 1. Solid GDP & corporate profits
Japan’s economy grew about 2.7% annualized in Q1—beating estimates—and corporations are reporting stronger earnings growth
🌐 2. Foreign buying spree
Foreign investors have poured into Japanese stocks for weeks—13 of the last 14—with inflows fueled by attractive valuations and yen hedging
🤖 3. AI & chip boom
Tech and chip firms tied to AI are leading the charge, pushing market gains and drawing investor attention
💸 4. Cheap & reform-driven
Japanese equities trade at a discount (~15x forward P/E), and ongoing corporate governance reforms are boosting investor confidence
Here are the technicals
W Formation
Price>20 and 200
Target 42,153
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