In today’s briefing:
- Toshiba Bear Targets
Toshiba Bear Targets
- Toshiba (6502) exhibits clear bear momentum as the MACD turns down from key trend resistance. A sharp draw down will set up a buying opportunity.
- Near sell resistance to short lies at 4,450. Bear projection come in at 4,185 but the MACD coil suggests an undershoot toward 4,100.
- Macro bet is to buy near spiked lows for a rally to 4,500 and then the bigger 5,000 barrier. Need to see sell volumes deteriorate into weakness.
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