8035 on TSEThe uptrend on Daily has ended, now as price is heading down, there is no significant Demand in sight yet. Therefor, if price comebacks to this Supply, it would be a good opportunity to sell.
2.74USD
3.48 BUSD
16.30 BUSD
About Tokyo Electron Ltd.
Sector
Industry
CEO
Toshiki Kawai
Website
Headquarters
Tokyo
Employees (FY)
17.2 K
Founded
1951
FIGI
BBG000JXJRY9
Tokyo Electron Ltd. engages in the development, manufacture, and sale of semiconductor production equipment and industrial electronics products for flat panel display manufacturing equipment. It operates through the following segments: Semiconductor Production Equipment (SPE), Flat Panel Display (FPD) Production Equipment and Others. The SPE segment handles the development, manufacture, service, and distribution of coaters/developers, plasma etch systems, thermal processing systems, single wafer deposition systems, cleaning systems, wafer probers, and other semiconductor production equipment. The FPD Production Equipment segment manufactures coater/developer for manufacturing flat panel display and Plasma etching/ashing device. The Others segment includes logistics, facilities management, and insurance businesses. The company was founded on November 11, 1963 and is headquartered in Tokyo, Japan.
TEL 8035 TOKYO ELECTRON LongAll TEL Group Companies in Japan Achieve a rate of 100% renewable energy usage
Tokyo Electron
announced that all TEL Group companies in Japan*1 achieved a rate of 100% renewable energy usage at plants and offices*2 in fiscal year 2023*3 as a result of its drive to use renewable energy (electricity)
8035 longAs you can see on the chart - I'm feeling bullish. Entering with a tight SL. Let's see how this trade plays out.
Comparing Ascending ChannelsOn the left shows an Ascending Channel which is common between the two
However the left Channel (TOELY) is quite a bit steeper (on a greater angle) compared to the right ( ADSK )
This 'Steepness' may affect the channels strength which I have shown on the left as a breakdown to a lower support line
TOELY looking comfortable at new ATHTOELY has performed on-par with the rest of the sector throughout the Covid era, despite its OTC status and comparative obscurity for ordinary traders (70B mkt cap vs ASML, AMAT etc). Another new ATH reached just before earnings, and a rosy outlook ahead. Rising support levels still accelerating, pr
I recommend buying again Technical indicators indicate the market continues to rise, I advise you to maintain it and if we cross the white line this week, I advise you to double the investment
long target 25000Buy
long position holds
first target 23500
second target 24200
third target 24700
final target 25000
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