Baillie Gifford Shin Nippon Plc - oversold** trade idea not an investment at this time **
The 4-day chart above shows price action correction well over 40% since last September. No this is not a Crypto. This is an investment firm operating since 1985 specialising in the investment of small Japanese companies.
Despite the correction a number of reasons now exist why you should be buying this dip with both hands. They include:
1) My ‘incredible buy’ signal prints.
2) Price action has landed on the 0.618 golden ratio.
3) A regular bullish divergence is emerging, most visible on the 2-day chart (below)
Is it possible price action falls further? For sure.
Is it probable? 5% to be technical.
A buy from 140 is amazing if you can get it.
Take profits at 220-240.
Ww
2-day chart:
