In today’s briefing:
- Sumitomo Electric Industries (5802 JP) – LT Momentum Confirms Material Upside Potential in 2023
Sumitomo Electric Industries (5802 JP) – LT Momentum Confirms Material Upside Potential in 2023
- 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.
- Q1 2023 is confirming that the base built around the historically significant 50 quarter MA since Q3 2021 is likely to be a material LT bottom.
- Both price action and LT momentum triggers (particularly the quarterly RSI) are confirming a sustainable LT uptrend in 2023 and potentially well into 2024. Potential 20% upswing.
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