I explained how to forecast price movements using Tokyo Electron.
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Tokyo Electron Ltd. (8035) Stock Analysis
Regarding Tokyo Electron, on the monthly chart there is a possibility of failing to break out of the range to the upside.
If the low of the initiating bullish candle for the breakout (14,200 yen) is breached and the support around 14,000 yen is broken, there is a possibility of a fall to around 12,000 yen.
On the weekly chart, the flag has broken down, but due to insufficient volume, it’s a situation where it’s hard to say definitively.
If the weekly flag breakdown is genuine, a decline to around 10,000 yen is expected.
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