DAIHEN CORPORATION's share price is probing a rebound from the 25-day moving average as support, while the 200-day moving average is being viewed as resistance. If a bullish signal in the lagging span is confirmed, the stock could move higher.
DAIHEN CORPORATION has rebounded after forming a double bottom at the July low and the mid-September low, with the share price maintaining an upward rebound trend without falling below the previous low.
In the short term, the 25-day moving average is being viewed as support, while selling pressure may emerge as the stock approaches the 200-day moving average, which is expected to act as resistance. At the same time, the lower boundary of the Ichimoku cloud is positioned in this area, making this a phase in which selling pressure is also expected.
The lagging span is beginning to show a bullish signal, and a breakout above the lower boundary of the cloud could strengthen the upward bias. Market participants may shift toward a stance of buying on pullbacks.