In the NU / ND type trend follow-up trading strategy, it is fundamental not to trade against the trend.
The share price hit a high at 9,838 points on February 19 and fell to 6,631 points on March 23. After making adjustments and turning into an uptrend within the channel line, it has not yet achieved a 50% reversal (50%) in the Fibonacci sequence calculation. As far as the Bollinger band is concerned, it is almost close to the upper band. Looking at Stochastics, we have become overbought. Looking at the candlestick, it looks like a crosshair. At this point, it is likely that your feet are overbought, so it's safe to turn to adjustments anytime. The future strategy will be to see how long the current upward trend remains within the range of the channel line. However, there is a possibility that the uptrend will continue in the medium to long term, so it may be a good strategy to confirm that it has bottomed out.
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