The 17 September edition of FISCO's Japanese stock analysis and digest covered stock-specific trends and technical analysis for MITACHI CO., LTD., Kanematsu Corporation and Mirairo Inc.
The current prices and trends of 3 stocks, MITACHI CO., LTD., Kanematsu Corporation and Mirairo Inc., were introduced, with each stock's name and price movement shown alongside it. MITACHI CO., LTD. was at ¥1,820, up ¥11; Kanematsu Corporation was at ¥2,336.5, up ¥19.5; and Mirairo Inc. was at ¥328, up ¥7.
Kanematsu Corporation was described as remaining on an upward recovery trend from its 2 June low of ¥1,959.5. On the year-to-date chart, ¥2,327, ¥2,388.5 and ¥2,468 were identified as potential resistance levels. The stock has maintained a bullish Ichimoku alignment since 21 August, with both the conversion line and base line trending upward, indicating a strengthening upward bias. First-quarter results showed operating profit up 63.8% year on year, and this was cited as a potential catalyst for further gains.
The article expressly states that it is a reprint of an article distributed in advance through the free FISCO smartphone app.