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ruebennase
Jan 23, 2021 9:50 AM

Panasonic.....Big picture view 

PANASONIC HOLDINGS CORPTSE

Description

Hello 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!

Comments
wmayhew91
I have been stuffing my portfolio. Why is the volume so dang low?
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