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Sony Group Corporation DCA - Inverted head and shoulders + C&HCompany: Sony Group Corporation Ticker: 6758 Exchange: TSE Sector: Electronics Introduction: Hello and thank you for taking the time to read my post. Today, we analyze the daily chart of Sony Group Corporation, focusing on an interesting combination of two price patterns, an inverted head and shoulders and a cup and handle pattern. This combination provides additional confirmation for classical chart analysts and offers a compelling trading opportunity. Price Patterns: Inverted Head and Shoulders: This pattern has been forming for 384 days and features a clear horizontal resistance line at ¥12,380. This serves as our reference point for the pattern. Cup and Handle: The right shoulder of the inverted head and shoulders pattern contains a 126-day old cup and handle pattern, which provides further confirmation and a second possible price pattern. The same horizontal resistance line at ¥12,380 serves as the reference point for this pattern. Bullish Environment: The price has been above the 200 EMA for some time, indicating a bullish environment. Price Targets: Inverted Head and Shoulders: The price target for this pattern is ¥15,520, representing a potential price increase of 25%. Cup and Handle: The price target for this pattern is ¥14,725, representing a potential price increase of 19%. Trade Opportunity: A breakout has occurred, making this trade actionable without further observation. Conclusion: The Sony Group Corporation daily chart analysis highlights the combination of an inverted head and shoulders pattern and a cup and handle pattern. This provides a compelling trade opportunity with clear price targets. As always, it's essential to consider risk management and proper position sizing when trading based on chart patterns. Please note that this analysis is not financial advice. Always do your own due diligence when investing or trading. If you found this analysis helpful, please like, share, and follow for more updates. Happy trading! Best regards, Karim Subhieh
TSE:6758Long
by KarimSubhieh
Toyota Motor Corporation DCA - Rectangle Reversal Company: Toyota Motor Corporation Ticker: 7203 Exchange: TSE Sector: Automotive Introduction: Hello and thank you for taking the time to read my post. Today, we analyze the daily chart of Toyota Motor Corporation, focusing on a potential Rectangle reversal pattern. This pattern may indicate a change in the trend and offers trading opportunities for both short-term gains and long-term positions. Rectangle Reversal Pattern: The Rectangle pattern is a consolidation pattern that forms when the price is bounded by parallel support and resistance levels. It can act as a continuation or reversal pattern, depending on the preceding trend and the breakout direction. A breakout above the resistance level signals a potential trend reversal. Analysis: On the daily chart, Toyota Motor Corp has been in a clear downward trend, as indicated by the blue diagonal resistance line. However, the Rectangle pattern, which has four touch points at the top and five at the bottom, could potentially serve as a reversal pattern. Currently, the price is attempting to break above the 200 EMA. If a breakout occurs with a candle close above this level, the price target is ¥14550, representing a gain of approximately 7.5%. This setup could also present a good opportunity to build a longer-term position, depending on the trend opportunity and whether the Rectangle pattern truly acts as a reversal signal. Conclusion: The Toyota Motor Corp daily chart analysis highlights a Rectangle reversal pattern, signaling a potential trend reversal. Traders should closely monitor the 200 EMA for any signs of a breakout. As always, it's essential to consider risk management and proper position sizing when trading based on chart patterns. Please note that this analysis is not financial advice. Always do your own due diligence when investing or trading. If you found this analysis helpful, please like, share, and follow for more updates. Happy trading! Best regards, Karim Subhieh
TSE:7203
by KarimSubhieh
CyberAggent At the Supply Line of an Ascending Broadening WedgeCyberAgent currently sits at the Supply Line of a long established Ascending Broadening Wedge and while my first instinct would usually be to short, I think this one is showing signs that it will give us a strong bullish reaction off of this supply line as we have a bunch of Bullish Divergence on the MACD and RSI and are at the 55 Moving Average on the 2 Month while trading in a very tight more local falling wedge pattern. Upon Breakout i think we could go up to make a 0.886 Retrace before ultimately confirming a Partial Decline and Breaking Down. But in the meantime im very bullish here.
TSE:4751Long
by RizeSenpai
CAPCOM CO LTD: Strong Video Game Success and Financial PerformanCAPCOM CO LTD is a leading Japanese video game developer and publisher. The company was founded in 1979 and has since then created a portfolio of world-renowned titles such as Resident Evil, Monster Hunter, and Street Fighter. As of April 18, 2023, the company's stock, ticker 9697, is trading on the Tokyo Stock Exchange at a market capitalization of JPY 2.41 trillion. From a technical perspective, CAPCOM's stock has been performing well, hitting new all-time highs in recent months. The stock price has been trending upwards since the end of 2021 and has gained over 45% year-to-date. The stock is currently trading above its 50-day moving average (MA) of JPY 6,830, which is above its 200-day MA of JPY 6,375. This indicates that the stock is in an uptrend and has bullish momentum. In terms of financials, CAPCOM CO LTD has a price-to-earnings (P/E) ratio of 37.3, which is higher than the industry average of 30.7. This indicates that the market is willing to pay a premium for the company's earnings. CAPCOM has a dividend yield of 0.7%, which is lower than the industry average of 1.3%. While the dividend yield is lower, the company has consistently increased its dividend payouts over the years, reflecting its commitment to rewarding its shareholders. CAPCOM has a strong free cash flow of JPY 48.7 billion as of the end of the fiscal year 2022. This represents a significant increase from the JPY 25.8 billion reported in the previous fiscal year. The company's strong free cash flow provides it with the financial flexibility to invest in growth opportunities, pay dividends, and reduce debt. The company's current liabilities are JPY 23.3 billion as of the end of the fiscal year 2022, which is significantly lower than its current assets of JPY 114.7 billion. This indicates that the company has a strong ability to meet its short-term obligations. There are several reasons to consider taking a long position in the company's stock: 1. Strong Technical Performance: The stock has been hitting new all-time highs and has been in an uptrend with bullish momentum. This suggests that the market is positive about the company's growth prospects and future earnings potential. 2. Growing Free Cash Flow: CAPCOM has reported a strong free cash flow, which indicates that the company has the financial flexibility to invest in growth opportunities, pay dividends, and reduce debt. This is a positive sign for investors, as it suggests that the company is well-positioned to generate sustainable long-term growth. 3. Solid Ability to Meet Short-term Obligations: The company's current liabilities are significantly lower than its current assets, indicating that the company has a solid ability to meet its short-term obligations. This provides investors with confidence that the company can manage its cash flow effectively. 4. Strong Portfolio of Successful Titles: CAPCOM has a strong portfolio of successful video game titles, such as Resident Evil, Monster Hunter, and Street Fighter, which have a loyal following and strong brand recognition. This can provide a stable source of revenue and long-term growth potential for the company. In summary, CAPCOM CO LTD is a solid company with a promising outlook for the future. The company has a strong technical performance, growing free cash flow, solid ability to meet its short-term obligations, and a strong portfolio of successful titles. These factors make it an attractive investment opportunity for long-term investors looking to gain exposure to the video game industry.
TSE:9697Long
by UnknownUnicorn1991957