Resuming the upside momentum
6862 is looking at a strong upside resumption after strong bullish marobozu enters the bearish gap resistance zone at 887-1025. Price action is strong as major uptrend remain intact since Maarch 2020 and secondary uptrend channel since August 2024 is sustaining well. Ichimoku shows a strong bullish uptrend signal. Long-term MACD is showing sustained long-term upside momentum. Stochastic managed to stay elevated above the midpoint 50-level. 23-period ROC is rising above the zero line. Directional movement index shows strong bullish strength confirmation.
If there's a correction, 738 will the major support to watch for a rebound. long-term target is at 2,000
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.