Elliott wave count suggest that the stock currently is in a flatBased on my daily chart analysis earlier on, it concurs to me that the weekly support the bullish run beyond 8000 yen, but not for long. Based on the wave analysis, the flat corrective wave is still currently forming the B wave of the Primary phase. Based on further analysis, the wave on the smaller scale within the regular flat is forming an expanded flat, therefore price above 8000 may signal a bearish 5 wave down reversal.
Toyota is strong as their supraToyota had a strong up move out of the falling wedge yesterday and we expect the stock to move beyond 8000yen within this few periods.
A detailed wave analysis will be published on a separate note.
Is Panasonic on Fire Sale ?This is a lot of information to absorb if you like reading up on Company news.
This is a household brand since my daddy's time. From refrigerators to Video recorders, they are in many household appliances. In addition, they are also the battery manufacturer for Tesla as well. With the forthcoming Olympics where they are the official sponsor for many years, I am sure it will give this undervalued share a boost.
4519, Chugai Pharmaceutical Co. - Trailing StopTSE:4519
The upward trend of one of our trades in the Japanese market continues.
We follow as always the not realized profit by ensuring more and more a Risk Reward as optimal as possible.
Good trading at all!
Sony shortBought LEAP puts with short term call hedges
Will consider adding June puts depending on price action
Price targets in chart
SONY must break its ATH or lose up to 50% value.The previous attempt a year ago ended at 6973, just a couple Yuen shy of the 7010 high. This scenario is very unusual and could end badly for the stock if it fails a second attempt. But there's good news.
On the 'daily' chart you'll see a clear ' diamond continuance ' formation which started on July 8th and ended around August 28th. This rare formation is an indication for volume-backed support. Having said that, the stock is likely to touch (and slightly break) the ATH, then temporarily reverse to the 14MA (to recharge), before ultimately running for a definite breakout above the ATH (right around the PlayStation 5 release date).
Failing to do any of that would send the stock back towards the 'monthly' 125 moving average and lower. Succeeding in breaking the ATH will send the stock towards 9000+ in "no time".
Major Areas of Supportdaily
RSI not yet oversold for a bounce play
weekly
closed just below 0.786 fibonacci level
currently residing just above the area pattern support
the candlestick close of next week will determine where the direction of this stock will go
SOFTBANK - WEEK CHARTHi, today we are going to talk about SOFTBANK
We observe a D1, some important points. The details are highlighted above.
Thank you for reading and leave your comments if you like.
Join the Traders Heaven today, for more exclusive contents!
Link bellow!
Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should use it as financial advice
Softbank Japan PricewatchThere is room for short-term SHORT positions
Long Term LONG Entry is after the realization of short-time selldown to3784.
This is not a financial advice.
4519, Chugai Pharmaceutical Co. - Breakout on ascending triangleTSE:4519
Net breakout of the resistance of this ascending triangle.
As always, one of the parameters for deciding whether or not to enter our trade is the Yield Risk ratio, in which winning trades allow us both to compensate for the small losses we make 60% of the time and to create that extra margin for regular profitable activity.
Remember: Trading is an activity like any other and you must undertake it as a professional and not as a gambler looking for the winning trade of life ...
finance.yahoo.com
1333 Forecast Report by Using Artificial Intelligence1333
The goal is to keep a track record of performance of the investment opportunities that have been recommended through artificial intelligence.
Forecast Report:
LAST PRICE
$ 2721.00
POSITION
HOLD
CHANCE OF SUCCESS
85.71%
PRICE TARGET
$2715.01
1332 Forecast Report by Using Artificial IntelligenceTSE:1332
The goal is to keep a track record of performance of the investment opportunities that have been recommended through artificial intelligence.
Forecast Report:
LAST PRICE
$ 606.00
POSITION
HOLD
CHANCE OF SUCCESS
94,49%
PRICE TARGET
$611.86
