Meiji Holdings' share price has recovered to a level indicating a bullish long-term trend. On the monthly chart, it has broken above the upper cloud boundary after moving through the lower boundary, while the lagging span is also above. The 2016 high now appears to be within reach.
The stock is forming a strong trend and has recently recovered to levels last seen in August 2020.
On the monthly Ichimoku chart, the stock has formed a pattern of breaking above the upper cloud boundary after correcting to the lower boundary. The lagging span has generated a bullish signal.
The long-term trend is bullish. While caution is warranted regarding short-term overheating, the July 2016 high of ¥5,465 now appears to be within reach.