If earnings allow it and price crosses 31.50, buy. Technical: - Has formed a triangle: breakout expected - Reached ceiling of 2 year downtrend channel - Already broke first 3 fib levels - If crosses 31.50 will break into 0.382 level - Hovering on buy zone - RSI = GOOD - Last 3 recent highs above one another Fundamental: - Building momentum on earnings - Current share price way below future cash flow value - Sales reports on December outstanding - Higher producing, strong domestic market - Japanese company not affected by rallies, protests, etc
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Not able to surpass fib level, stop loss triggered. Lack of buyers to push price.