TSE:4568
An interesting stock to trade short-term and to hold long-term.
The asset had already showed almost +35% growth this month and is still on the move.
Both Buy/Sell Zones and EMA Cross indicate an uptrend.
Short-term trade target is 0,5 Fib.
For the long play may be held up to 4.236 (more as an investment).
Invalidation: breaking the 3500 level and...
A company with a nice long term upward trend but recently indicated as oversold. Currently trading at the first of three entry points. First entry point at 38% fib retracement with your stop at 2171 and take profit at 3390. Next two entry points at 50% and 61% with the same stop and take profit levels.
Shiseido Co Ltd (4911 - Tokyo) is in 3rd wave up and its 4th internal wave as ABC correction is under progress, which may take a day or two to complete. Thereafter 5th wave will proceed. This is all time high and huge out-performer to Nikkei.
