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
LSRCY trade ideas
$6920:TSE - LASERTEC CORP - 420% 12 month runLasertec has been doing well consistently making new higher highs. Up 420% over the last year, could be worth a watch.
Lasertec Corp. engages in the design, manufacture, sale and service of systems for semiconductor applications, energy-efficient eco-friendly products, laser microscopes and systems for flat panel displays. Its products include confocal scanning laser microscopes, inspection and metrology systems for power semiconductor devices, LED wafers, PV cells, Li-ion batteries, FDP masks, printed circuit boards and others. The company was founded by Yasushi Uchiyama in July 1960 and is headquartered in Yokohama, Japan.