Kakujō Shōko's Ascension Ideology ~ Can I buy a stock that hit the daily limit up? I answer your question!! ~

Hello, long time no see. This is Akiko Jō.

Recently, many people participated in the seminar hosted by GoGoJyan. Thank you very much. I hope to continue providing information that will be useful to everyone in the future as well.

For those who participated in the seminar recording videos, if you have any questions, please contact us on blogs or similar platforms. I will answer your questions in this video for everyone.

This time, the question we received was “Is it okay to buy stocks that have hit the daily limit up (stopped up)?”

Daily limit up is something everyone is curious about. I check it every day as well.

In the video, I am using the five-minute chart of 6734 Newtech, which hit the daily limit up on January 6 and 7, to discuss.

I have heard that the daily limit up record is 18 consecutive days, but no one knows how long it will continue.

What I can say is that when a stock hits the daily limit up, a divergence with the 25-day moving average occurs.

If the divergence with the 25-day moving average becomes large, it may enter a consolidation phase or come under regulation, which can make price movement more volatile, so you need to watch the chart with that in mind.

Whether regulation has been imposed or not can be checked on JPX’s site, so be sure to confirm there.

The question was whether it’s okay to buy after two consecutive daily limit ups. Buying after the daily limit up is peeled off is also fine, but you might also choose to wait for a pullback before buying.

In the Newtech chart used in this video, even if you couldn’t buy on the second day, January 7, I don’t rush to buy at the open on January 8; I wait and buy after the entry point comes.

In Newtech this time, if you look at it with a glitter chart, the entry point is obvious at a glance!!

In addition to the characteristic that stocks with daily limit ups have more volatile price movement, they also tend to hit daily limit ups again after a while, so keep that divergence with the 25-day moving average in mind and continue monitoring.

There is also a blog post about daily limit ups.

https://ameblo.jp/bikabubikabu/entry-12529571550.html

The setup methods and usage of the glitter chart are described in other videos and blogs, so if you’re interested, please take a look.

https://ameblo.jp/bikabubikabu/