OTC:TKECF TOKYO ELECTRIC POWER CO INC
Daily shows the big picture. We have a free fall for this Japanese . PA is currently playing around level 4.78 which is the last obstacle before diving head first towards levels seen back in middle 2015. Considering that PA broke a level at 4.9 that was more significant than the 4.7 level (see the cloud SSB in Aug/Sept 2015), it looks like the has enough juice to break through.
- Lagging span: far away from everything, only support line at 4.78 may prevent a further drop
- Kijun: well above the PA which did not attempt to reach it again (last real attempt on 7th Jan)
- Tenkan: same
- Cloud: the SSB is very and the (thick) cloud is far away from the PA, indicating that the price will have a lot to do to get back at cloud level. It seems unlikely that we see in short term a reversal strong enough to get back near cloud boundaries.