Central Plain (Chūgen) Shun Report Nasdaq & Mothers No.021 May 17, 2021
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1. Points
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1. Medium- to long-term outlook (rising from March–June 2021, with further upside possible into 2022 if more bullish)
The long-term cycle started in February 2016, both indicating an uptrend. The high target is June 2021 ± 1 year, i.e., from now to June 2022, with the price around 12,174 (9,481–17,404). It may have topped out on April 29. Even so, there could be a rebound at the 13-month cycle bottom. In a bullish scenario, the time window for the high in synthetic terms overlaps with September 2021–February 2022 as the target.