【Free Past Video】Nikkei 225, Mothers / Individual Stocks: SoftBank Group (Chart analysis and trading strategy forecast for May 28)
Friday, June 11, MajorSQ, was 29,046 yen 40 sen.
It passed without any particular turmoil.
The Mother’s Index and SoftBank Group (9984) chart that I analyzed on May 27 are almost complete.
This is an old video, but I will publish it for free.
↓ May 27 paid video from here ↓
Today, I would like to consider future moves while watching MSCI rebalancing and SoftBank Group stock movements.
【Nikkei 225 Chart Analysis】
【Mother’s Chart Analysis】
Closing 1,145 points / Bollinger Bands, RSI
The Mothers Index is supported by a lower price support line and continues rebound.
Around the mid-band of Bollinger Bands and near the 25-day moving average.
I drew the upper resistance line from the April drop; it might be a guide for rebound.
RSI remains almost unchanged.
Although a gap up created during the decline (1,155–1,144 points) has not yet been filled, if rebound continues toward the 25-day moving average, the gap may be filled.
To fill the next upper gap (1,181–1,177 points) would require approaching the 75-day moving average, but there is also a possibility of leaving the gap unfilled for the next rise.
If the resistance line is broken and rebound continues, a sideways trend could be possible.
As a swing-trading strategy, continue with the contrarian approach.
The 25-day moving average is just about to fill the gap; if it rises to the target, watching for a trend reversal when it falls below the 5-day moving average is prudent. Prepare for selling on rallies and taking profits.
MSCI index constituent review25-day moving average target, about to be filled;once filled, if it falls below the 5-day moving average, the trend may reverse. Prepare for selling on rallies and taking profits.
【SoftBank Group 9984 Chart Analysis】
Closing price 8,092 yen / Bollinger Bands, RSI
When the price dropped sharply after opening a gap, it fell below the lower price support line that had sustained the lows since the Covid shock.
After dropping to the bottom Bollinger Band (−2σ), it barely held, but more recently it has continued to edge lower.
RSI has fallen below 30%, the oversold threshold, to 27%.
Let's check the weekly chart.
The price is just short of the 52-week moving average (around 7,720 yen); in the near term, falling below 8,000 yen could be a temporary low.
The low on December 25 was 7,631 yen, which may be a reference point.
However, the medium- to long-term downtrend remains, and even if it stops falling, it cannot be considered a bottom yet.
Going forward, a contrarian strategy aiming for rebound, selling on rallies, and taking profits may be appropriate.
YouTube "Rika Yokoyama's Stock Channel" offers free chart analysis videos.
Weekend free newsletter "Let's analyze the Nikkei Stock Average" is also available.
◎ The trend lines drawn on the chart are personally drawn by me.
◎The pink and light blue arrows on the chart are trading signals (indicators) created by me.
The content is intended to provide practical methods of technical analysis and does not provide buy/sell timing instructions or investment advice. I cannot take any responsibility, so please make your own final decisions regarding investments.Please make your own ultimate decisions regarding investments.
