Nissan Chemical Corporation broke above the upper boundary of the cloud on the daily Ichimoku chart and formed a mini golden cross between the 5-day and 25-day moving averages. After the move began on the 13th, the closing price moved into the ¥8,000 range on the 17th.
Nissan Chemical Corporation is primarily engaged in agrochemicals and electronic materials. On the 13th, it formed a mini golden cross between the 5-day and 25-day moving averages, and the share price entered an uptrend.
On Monday the 17th, the share price rose approximately ¥182 from the previous day, with the closing price moving into the ¥8,000 range.
The move was accompanied by a breakout above the upper boundary of the cloud in technical analysis, drawing attention to the stock's outlook.