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!
This stock is going downhill from here !Read article here and here
First, the humongous losses that will be hard to explain to the shareholders.......and next come the departure of Jack Ma., leaving the board of directors. This is a double whammy!!!!
I believe the share price over the next few days or weeks will be hammered down.
Let's see how it goes....
Stock to watch: Daiichi Sankyo (TSE:4568)TSE:4568
An interesting stock to trade short-term and to hold long-term.
The asset had already showed almost +35% growth this month and is still on the move.
Both Buy/Sell Zones and EMA Cross indicate an uptrend.
Short-term trade target is 0,5 Fib.
For the long play may be held up to 4.236 (more as an investment).
Invalidation: breaking the 3500 level and staying there.
Disclaimer: This article should not be considered as financial or investment advice. Trading digital assets involve risk and may resolve in the loss of your capital. Always be sure to understand the amount of risk involved and do your research before taking any trading/investment steps.
Panasonic...New high`s next or corrective setback?Hello Traders,
what’s next for Panasonic?
I have drawn the alternates at the chart to make my thoughts clear.
The move is either a wave 1 of (3) or it is part of a corrective move, here an „expanding-flat“!
While the stock broke about the latter high at 1068 it could be, that a „retest“ of this area will be next in the coming days and weeks ahead (if it not has happened)!
A break above the declining green trend line would open the door to higher price still, here to possible the 1264 area, the February 6 high.
A
Have a great Sunday.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
The editor of this note is still invested to this stock!
Buying opportunity - Nintendo Switch Hybrid console 2021OTC:NTDOY TSE:7974
With rumours around a new Nintendo Switch Hybrid now coming out in 2021, and seeing key investors (such as ARK Investments) are regularly loading up on NTDOY, I expect a bullish uptrend.
My near-term prediction, it will re-test the support to push upward.
I will increase my position when it touches around 53600 - 53700
Please like and comment -- always good to hear more ideas
4568 (Daiichi Sankyo Co) long trade. First entry point.A company with a nice long term upward trend but recently indicated as oversold. Currently trading at the first of three entry points. First entry point at 38% fib retracement with your stop at 2171 and take profit at 3390. Next two entry points at 50% and 61% with the same stop and take profit levels.






















