The unsung battle between Panasonic and Hitachi though long biased share-wise in favor of the latter seems to be sparking again, the announcement of a new restructuring and strategy within Panasonic resulted in a surge in the stock price by about 10% on November 17th. Above is the distinction before and after, prior to this announcement there was a steady uptrend...
Panasonic is one of the largest suppliers of Electric Batteries to Tesla and will also be supplying many other car makers as they continue to execute plans on EV vehicles around the world.
Two months ago, a clear head and shoulders pattern began forming.
Expecting more decline from current price of $10.95
*This is not investing or trading advice. Do your own...
On the monthly timeframe here.
Panasonic has been traveling a long way in the wedge. As electric vehicles pick up mainstream demand, battery companies like Panasonic will benefit greatly.
Midterm were looking at $25 PT
Taking a deeper look into its trend. 🔼UPTREND
14.50 is my perspective based on 2/2/21
Its new electric Quantum Glass Battery is truly effective or will be in due time.
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...
I See🔼TP:
13.00 🔼14.00
After noticing...
It took some digging.
Since 2018 June/July
market did reach.
well beyond 13.00.
in fact it was... 16.000 ranges/trend.
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...
Some technical indicators here to look at definately. Moving along in the tradingchannel we see a possible Cypher pattern emerging. Some retrace to go still, but my setup here would be to wait for confirmation on the trendline to validate the pattern AND the small gap fill from some time ago. GL
This is a lot of information to absorb if you like reading up on Company news.
This is a household brand since my daddy's time. From refrigerators to Video recorders, they are in many household appliances. In addition, they are also the battery manufacturer for Tesla as well. With the forthcoming Olympics where they are the official sponsor for many years, I am...
Looking at the day chart, the stock is approaching a prime BUY zone. There is strong support from the double bottom that breaks the forming bear flag. The current fib resistance could break bullish, partially signaling a BUY. The RSI divergence along with a bullish EMA crossover would confirm the LONG (approx $9). The exit strategies are shown on the chart for...
