Japanese Manufacturer Focused On Minimalist Consumer GoodsWHAT THEY DO
Muji, or Ryohin Keikaku, is a Japanese manufacturing and retail company known for its minimalist, functional, and aesthetically pleasing products. With a "no-brand" philosophy, Muji offers a wide range of goods from apparel and household items to furniture and food, all emphasizing simplicity and natural materials. The company operates a global network of directly managed stores and franchises, primarily in Asia, Europe, and North America.
WHY I AM INTERESTED
My interest of course without knowing what they did was that they have had a strong year price action wise. Up over 100%, consistently making higher highs and higher lows, have had an explainable pullback on dividends and a stock split, the chart, MACD and RSI are both now showing that the profit taking might be slowing down and an upward trend is likely to resume - along with a highly identifiable area below the recent lows for a stop loss.
Could be worth a watch.
Towa Corp - Upside reversal strong and its convictedTSE:6315 went into a stop-loss after our 23 Jan sharing. Despite that, the island reversal thereafter has confirmed the reversal to the upside with a strong momentum. Current price action saw strong bullish strength and is forming an early uptrend. Momentum across long to short term is displaying upside and steady momentum.
Target is at 3,745 and 6,520
Strong reversal ahead, expanded flat likely over TSE:6920 is looking at a possible end of its larger complex corrective flat formation (Weekly chart here: after price action shows strong bullish surge. Stock has broken above the immediate overhead resistance line wit a gap up. Ichimoku shows early three bullish golden cross. MACD is back to its positive momentum. Mid-term stochastic oscillator has successfully turned the oversold crossover successfully. Volume surge upon breakout.
Target is at 26,000 in the mid-term (2-3 months). MAjor target is at 50,250 (12 months and beyond). Major support is at 16,150 and 15,000
8630 - 7 months ASCENDING TRIANGLE══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
══════════════════════════════
Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
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⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
4528 - 7 months RECTANGLE══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
══════════════════════════════
Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
═════════════════════════════
⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
4091 - 3 months RECTANGLE══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
══════════════════════════════
Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
═════════════════════════════
⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
5020 - 13 months RECTANGLE══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
══════════════════════════════
Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
═════════════════════════════
⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
SAMCO - Extended corrective structure endedTSE:6387 Is looking at a confirmation of an initial bullish reversal and this confirms the end of a larger extended corrective wave. Cup and handle formation is confirmed after a bullish break above 3,150 resistance turned support. Momentum is back to the upside and hence, we are raising our target to 4,835 and 7,000 over the longer-term period.
Key support to watch is at 2m925 and 2,185
Taking the first bite for potential reversal rallyTSE:8035 is looking at a potential reversal to the upside after elliott wave structure suggest that there is an end to the corrective wave structure. As such, we are looking at a potential reversal. Furthermore, the potential inverted head and shoulder is looking at a potential reversal. While the smaller falling wedge has already being broken, indicating first light of the reversal base on price action. Stochastic Oscillator is likely forming an oversold crossover.
TP 1 is at 26,700 and TP 2 is at 44,000






















