NAKANISHI's share price has continued to correct since reaching a peak of ¥3,385 on 13 August, but it is approaching a point where the 75-day moving average may provide support. This is prompting market participants to consider a rebound trade.
After reaching ¥3,385 on 13 August, NAKANISHI's share price has continued to correct. Recent price action has effectively offset the sharp advance, and the stock may be entering a phase in which investors shift toward targeting a rebound.
The decline has carried the share price down to the 75-day moving average, which is expected to provide support going forward. The focus is on whether the stock will form a short-term bottom.
The upper boundary of the Ichimoku Cloud is considered likely to act as support, and technical factors are attracting attention as potential support for a recovery.
Although the weekly chart shows a long bearish candle, this is a phase in which a rebound from around the 13-week moving average is likely to attract attention, and the potential for a short- to medium-term rebound is being discussed.