The number of days staying in the bottom price range won't be long. Kou Arano's "From the Technical Room"

Delivery date: 2016/09/17 09:23

Days of staying in the bottom zone are up to seven days at most

When the 1-week (5 days) line and the 1-month (20 days) line are dead
Crossed (DC) and the daily closing price is below the 5-day line
— in other words, when arranged in reverse order as 20-day > 5-day > closing price —
this is regarded as the bottom price range. Since February, when gold decided to introduce negative interest rates,
we have listed the days when this reverse order continued for three or more days.
The number of days staying in the bottom price range is 3–7 days, at most 7 days. Here, when we enter the “bottom price range,” it seems best to refrain from new selling and prepare for a rebound in price after events pass.





Bottom price range Days Low Average
2/09–12 3 days 2/12 15,583 yen
4/01–11 7 4/06 15,865
6/09–17 7 6/16 16,014
6/24–28 3 6/24 15,194
7/06–08 3 7/08 15,254

9/15–16 2 16,462

With events passing, the lower price should have a support level next week

With the UK’s decision to leave the EU, the late June records and the low prices in late July acting as a reinforcement
the bottom price around 15,200 yen, but the August lows were 8/03 (16,083 yen) and 8/26 (16,360 yen),


and have been lifting the bottom.
The “bottom price range” begins on 9/15 and appears likely to carry over to next week,
but from a development with rising bottoms, the scope for further declines is limited. The short selling
ratio (5-day MA) has risen to a high level of 42.6%, suggesting that the stock price is about to turn.