Advantest's share price continued to consolidate after hitting ¥38,730 on the 14th, and fell as low as ¥32,610 on the 26th. Meanwhile, the 25-day moving average is functioning as support.
Advantest's share price hit ¥38,730 on the 14th before weakening and falling as low as ¥32,610.
The 25-day moving average is functioning as support, with the decline narrowing after the stock left a long lower shadow. Although the stock touched the Parabolic SAR value and showed a bearish reversal signal, the bullish reversal signal remains in place on the weekly chart. The 13-week moving average is trending upward and functioning as support.
This situation appears likely to encourage a stance aimed at a rebound.