In today’s briefing:
- Lasertec Corp (6920 JP) – Bullish ST Momentum Failures – 4 Month Correction May Be Done
Lasertec Corp (6920 JP) – Bullish ST Momentum Failures – 4 Month Correction May Be Done
- At TMA we deliver high probability outcomes by focusing on our 3 pillars of technical analysis. •1) Response to key levels. •2) Price action. •3) Momentum confirmation.
- The structure of the November / March decline is typical of a counter-trend correction with multiple crossovers and a lack of impulsive price action.
- The past 3 weeks have seen declines quickly reversed as bullish ST momentum failures plague these attempted declines. A weekly close above 22299 will confirm a likely MT uptrend renewal.
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