MHVYF-US STOCKSMHVYF is testing its fib 0.5-0.618 retracement with maintain it last hl
buy the dip as correction is completed
MHVYF trade ideas
MITSUBISHI HEAVY INDUSTRIES _Channel Target Reached +310% PROFITMITSUBISHI HEAVY INDUSTRIES, last 16 years Consolidated or Side Waves from July 2007 to May 2023. This side waves formed like a Channel Pattern. Which means, market price range between Two Parallel lines. Connect these up's and downs respectively (1,3,5) and (2,4). In 5th
point market Breakout above the Channel Pattern, so hereafter market expect significantly Wild movement in Uptrend. And Channel Width is the Target Size. So if you Buy and hold in May 2023, then Sell in July 2024. We got the 243 % PROFIT within 14 months only. This is one of better opportunity
Trade in Stock Market by using Patterns Technique. One more Target inside this Channel Pattern. Falling Channel Pattern formed inside this Channel. It connect (a,c,e) and (b,d). In March 2022 Breakout & Buy in point of 'e', Sell in June 2022. Got the 66 % PROFIT. So TOTALLY 310% PROFIT within 29 months in this Stock only. For example if you are invested 10 Lakhs, then you would have received 30.10 Lakhs PROFIT.
7011 (Mitsubishi Heavy Industries)Mitsubishi Heavy Industries, Ltd. is a Japanese multinational engineering, electrical equipment and electronics corporation headquartered in Tokyo, Japan. MHI is one of the core companies of the Mitsubishi Group and its automobile division is the predecessor of Mitsubishi Motors.
Potential for upside continuation.
Mitsubishi broke the rangeMitsubishi broke the eternal range. Looking very nice. Clean breakout
Buy zone is 6200 as ATH retest and sail north.
Levels of Interest $MHI (7011)TA on levels of interest for $7011
Please note that this is a preliminary research paper and you should continue to do your own research (DYOR). Information about assets can change rapidly, and it's essential to stay updated with the most recent developments.
Notes on how I personally use my charts/NFA:
Each level L1-L3 and TP1-TP3 (Or S1-S3) has a deployment percentage. The idea is to flag these levels so I can buy 11% at L1 , 28% at L2 and if L3 deploy 61% of assigned dry powder. The same in reverse goes for TP. TP1: 61%, TP2:28% and TP3:11%. If chart pivots between TP's, in-between or in Between Sell levels these percentages are still respected. I like to use the trading range to accumulate by using this tactic.
Just my personal way of using this. This is not intended or made to constitute any financial advice.
This is not intended or made to constitute any financial advice.
FED Macro Situation Consideration:
All TP's are drawn within the context of a return to FED neutral policy. I do not expect these levels to be reached before tightening is over.
NOT INVESTMENT ADVICE
I am not a financial advisor.
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Mitsubishi Heavy Industries WCA - Rectangle PatternCompany: Mitsubishi Heavy Industries
Ticker: 7011
Exchange: Tokyo Stock Exchange
Sector: Industrial
Introduction:
Hello and welcome to this week's technical analysis. We're focusing on Mitsubishi Heavy Industries, as represented on the weekly chart of the Tokyo Stock Exchange. The company's stock has formed an interesting rectangle pattern over the past 378 days, acting as a potential bullish continuation.
Rectangle Pattern:
A Rectangle pattern can act as a continuation or reversal signal, formed when price oscillates between two parallel lines—support and resistance. The eventual breakout direction might determine the continuation or reversal of the current trend.
Analysis:
Previously, Mitsubishi Heavy Industries' price has been on an upward trend, and this Rectangle pattern might signal a bullish continuation. The price has been moving within two clearly defined boundaries—upper at 5650 and lower at 4476. Both these boundaries have experienced two touch points each.
Significantly, this consolidation is occurring above the 200 EMA. Presently, we have seen a fresh breakout above the upper boundary, and we're patiently awaiting the weekly candle's close to plan a potential long entry.
Assuming the breakout is valid, our projected price target is at 6826, indicating a potential price rise of about 20.74%.
Conclusion:
The weekly chart of Mitsubishi Heavy Industries presents a possible bullish continuation pattern in the form of a Rectangle. A confirmed breakout above the upper boundary could offer a promising long entry opportunity.
As always, conduct your own research and consider appropriate risk management strategies when investing.
Thank you for joining this analysis session. If you found it valuable, please like, share, and follow for more market insights. Happy trading!
Best regards,
Karim Subhieh
Mitsubishi Heavy Ind cosmic predictionThe points outlined in the chart give off a bearish vibe for MITSUBISHI HEAVY INDUSTRIES, at least until the next support level (dashed line).
