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.
RYKKF trade ideas
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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 🤝
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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.