TSE-6752 LONG BATTERY PLANT Investment into new battery plant venture upped to 3.8 billion. bullish on Panasonic
MAT trade ideas
PCRFY MomentumThe 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 during the week.
It's my speculation that psychological factors will result in momentum opportunity for Panasonic in the coming week as this news further proliferates among potential shareholders, driving the price up further; to perhaps be briefly contested as those who joined the frenzy early Friday seek to take profit.
Worth mentioning the stock might become increasingly volatile, should a technical pattern rise above the chaos, additional opportunities to short the stock could emerge.
Historically Panasonic has enjoyed immense success, it suffers in the wake of conservative elements running the corporation who lack the vision to mesh the product lines they've provided in a more modern marketplace, however; it is often best to bet on the side of Japanese technology.
Should their new strategy bring the corporation into the 2020's, their fundamental value might well rise with their new ambitions, making it a long position with a high upside and modest exposure to risk given their current valuation. In such a case the turbulence can be safely ignored in favor of steady growth.
Regardless of the case, it might be worth picking up a share or two just to watch what it does.
Panasonic Asymmetrical TriangleThis is an Asymmetrical Triangle Pattern, a humongous one formed on the monthly chart.
We are expecting to see over 300% growth on Panasonic TSE:6752
Decline since head & shoulders pattern formed 2 months agoPanasonic 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 due diligence.
Panasonic: on its way back to $25On 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
Since I was right last timeTaking 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.
Panasonic.....Big picture viewHello 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 has to retrace a 0.618 Fibonacci of waves C and D at minimum!
Weekly:
Here to observe is the pattern coming close to 1.382 Fib.-Extension of wave A. A perfect target should be the 1.618 Fib.-Extension of wave A to ~ 1730.0 to complete wave D!
Daily:
The „breakout“ of the 1264 JPY level and after occurring „kiss-to-say-good-by“ has sent the stock to its highest level since August 2018. Note the bullish gap by trading on January 20-21 and the next gap the day after.
As long as the level of 1264 JPY is valid the outlook is bullish to the mentioned target areas named before.
I will update the count in the coming weeks.
Have a great weekend.....
Feel free to ask or comment!
Trading this analysis is at your own risk!
The editor is invested to this share!
Higher Thinking Based on performanceI 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.
Panasonic...New high`s next or corrective setback?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 happened)!
A break above the declining green trend line would open the door to higher price still, here to possible the 1264 area, the February 6 high.
A
Have a great Sunday.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
The editor of this note is still invested to this stock!
Panasonic, heads upSome 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
Is Panasonic on Fire Sale ?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 sure it will give this undervalued share a boost.
Panasonic (PCRFY) is primed to runLooking 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 both a positive and negative exit. If all goes well, in a few months the stock could rake in over 40% if the target $12.7 price is met.
Batteries - The new fuel for the World?Have you ever wondered who produces those batteries necessary for the electrification of traffic? Here are some points to a global leader in this field.
Panasonic Corporation is a Japanese multinational electronics corporation headquartered in Kadoma, Osaka, Japan.
Mission Statement: “To serve as a one-stop solutions provider that achieves manufacturing excellence through process and product innovation to deliver environmentally friendly products.”
Newsflow:
Panasonic’s most sexy cooperation is clearly with Tesla in the lithium-ion battery business. The investments in the Gigafactory could soon pay off for Panasonic. And compared with Tesla, Panasonic as a supplier is already profitable!
Plus - there is collaborates with the company in the solar cell business and started the production of solar cells in summer 2017 at its Buffalo, New York, factory. Panasonic will continue its investment in the factory going forward and plans to raise solar cell production capacity to 1 GW by 2019.
To point out, Tesla and Panasonic have finalized an agreement in December 2016 to begin the manufacturing of photovoltaic (PV) cells and modules at the Buffalo, NY factory.
Today PCRFY’s stock price is about 15.47 US-Dollar a share.
Fundamental Data:
P/E ratio: 20.76 / Sales growth: -2.09 / Profit growth: 7.67% / Dividend: JPY 25.00/1.44% (Source: teletrader).
Chart Tools:
What say the technical analysis methods I use?
The risk management tool used here is the own-developed “Traffic Signals System” (TSS) and it will be implemented in my future analyses.
The black line in the chart: the starting price of the idea is 15.47 US-Dollar.
The red line in the chart: the stop loss is lying at 14.50 US-Dollar. (The risk of the idea is around 6.3 %).
Oscillator: The RSI of PCRFY forwarding to overbought territory and still goes up.
Trend indicator: MACD (Moving Average Convergence/Divergence) crossed recently into the positive zone and the trend goes up.
Conclusion:
A bull factor is the cooperation with Tesla and the fact: Panasonic is a leader in battery production. So the future of the company seems to be bright as batteries will be the new fuel for the world.
The news and the trend in the chart could stimulate further growth. These are the main reasons why Panasonic Corporation basically could be worth an investment/position trade.
Stay tuned on this site and have fun to follow my ideas.
Disclosure:
“Both Wikifolio's, UMBRELLA and FuTureUS can be invested in Panasonic Corporation.
The trading ideas published here are neither to be understood as a recommendation nor as an offer or an invitation to buy or sell financial instruments and should not be understood as such.
You must also assume that the author holds the recommended position in his portfolio and benefits from the implementation of his trading ideas.”
