Hello!
I was just suffering the web and found this very interesting stock. We have just came off of a reverse head and shoulders spiked now trying to find footing on the current support line. We can see some consolidation while deciding to shoot back up or go down to a lower level for a possible better deal. Can not wait to see what happens next!
As Japan economy continue to recovery from the Delta outbreak, Japanese equities which have relatively low valuation vs other markets (forward P/E of TOPIX is about 14.3x vs MSCI ACWI of 20x) and have more cyclical sectors vs other markets (EU markets also have good cyclical exposures) should benefit from post-COVID recovery or reopening plays. Moreover, the BOJ...
But in this instance i think on a relative value basis, theres a bit more near term room for upside in the land of the rising sun. Retail Japan have been heavy buyers of US mutual funds and for good reason given the hefty outperformance. Earlier in the year BoJ announced that their ETF purchases would be more in TPX than NKY and given the Omicron overhang, I...
Topix closed from a bearish engulfing. The Symmetrical triangle break was essential and followed by a follow-through rally. Symmetrical trinagle tends to appear towards the end of rally/trend. Close below 1947 will be the first flag. Close below 1902 will signal a long term trend reversal
Hey guys, this japanese index called TOPIX has a long history of staying below a resistance line for about 30 years so far. Hence they call it the iron coffin lid. The question is..when will it be broken if not in these frothy times..Good scalping opportunity either way. No financial advice, just my personal opinion.
Japan - The country of the rising sun is finally awakening.
This idea would align with my earlier NI225 idea.
Please see related ideas down below for more details.
###NOT FINANCIAL ADVICE###
TOPIX might be heading higher supported by cheap valuations relative to the US stock market and possible rotation from US equities. I personally am a little too uneasy about the Japanese economic risks to go long here but for a person that doesn't feel that way, this might be a good entry point.
