Baillie Gifford Shin Nippon Plc - oversold

** trade idea not an investment at this time **

The 4-day chart above shows price action correction well over 40% since last September. No this is not a Crypto. This is an investment firm operating since 1985 specialising in the investment of small Japanese companies.

Despite the correction a number of reasons now exist why you should be buying this dip with both hands. They include:

1) My ‘incredible buy’ signal prints.

2) Price action has landed on the 0.618 golden ratio.

3) A regular bullish divergence is emerging, most visible on the 2-day chart (below)

Is it possible price action falls further? For sure.

Is it probable? 5% to be technical.

A buy from 140 is amazing if you can get it.

Take profits at 220-240.

Ww



2-day chart:

Komentarz:

** Profit taking area update **

Take profits at 190. The risk beyond here is far too great.

Zlecenie aktywne:

On support