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Stocks Stocks Stocks...Hey wolves, get ready! Sumitomo Mitsui Financial Group Inc's price, with ticker 8316, is making symmetrical triangle on 1hr timeframe. There was a strong bullish sentiment before. Will it be trend continuation? According to Elliott Waves theory the price made Wave D and now is heading to Wave E. Follow the chart and look for the breakout. If you enjoy my FREE Technical Analysis , support the idea with a big LIKE👍 and don't forget to SUBSCRIBE my channel, you won't miss anything! Feel free to leave comments✉️ And always remember: "we don't predict, we react".
TSE:8316
by Berzerk_invest
Ajinomoto🌪Great H&S formation, wolves🔥 There was Head&Shoulders formation with clear breakout of support zone on Ajinomoto Co Inc. with ticker 2802. Retest of the resistance zone has already started. So follow the chart and look for the best price to enter. If you enjoy my FREE Technical Analysis , support the idea with a big LIKE👍 and don't forget to SUBSCRIBE my channel, you won't miss anything! Feel free to leave comments✉️ And always remember: "we don't predict, we react".
TSE:2802Short
by Berzerk_invest
A bright future for NintendoVideo game stocks have proven to be popular this week (GameStop mania). While you won't see the same returns as GME, Nintendo is a more stable investment of the brand that many of us grew up with. This company has potential for further growth in their neighbouring China. “China is important to Nintendo because the country does not yet have a console culture in the same way that the U.S. or Japan does, which represents a growth opportunity for the company.” Source: Search Reuters article titled: Exclusive: Nintendo ships 1 million Switches in China since late-2019 launch. (TradingView doesn't allow me to post the link.) The orange line represents the NIKKEI futures index. Compared to Nintendo there's a short term crack in correlation ("manipulation"), stocks are being suppressed in anticipation for the earnings come February 1st. Historically February has shown to be a bullish month for Japanese equities. There is an old high at 73 200 yen which will inevitably be traded through. A quick move to the upside is to be expected, while this stock is also an excellent long term hold in your portfolio.
TSE:7974Long
by Liquidate
Panasonic.....Big picture viewHello Traders, Big Picture:Monthly Panasonic (Ticker:6752) is probably moving in a huge Triangle. At the current move, the stock is on the way to finish wave D of the triangle. This move has a target range around the 1700-1750 JPY, depending on when and if it will achieve. If so to come, after hitting this price target, the stock will decline in a wave E, which has to retrace a 0.618 Fibonacci of waves C and D at minimum! Weekly: Here to observe is the pattern coming close to 1.382 Fib.-Extension of wave A. A perfect target should be the 1.618 Fib.-Extension of wave A to ~ 1730.0 to complete wave D! Daily: The „breakout“ of the 1264 JPY level and after occurring „kiss-to-say-good-by“ has sent the stock to its highest level since August 2018. Note the bullish gap by trading on January 20-21 and the next gap the day after. As long as the level of 1264 JPY is valid the outlook is bullish to the mentioned target areas named before. I will update the count in the coming weeks. Have a great weekend..... Feel free to ask or comment! Trading this analysis is at your own risk! The editor is invested to this share!
TSE:6752
by ruebennase
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