Significant rebound in number of new high-priced stocks, will the adjustment be postponed?
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Now, the theme of this time isNew high-priced stocks (5-day moving average).
New high-priced stocks (5-day moving average) had fallen to 49 on September 8, but since then they have rebounded sharply.
☆ Recovered to 133 on September 13
☆ Reached 200 by September 20
☆ On the latest September 22, remained at a high level of 186
The big turning point seems to be Tuesday the 19th.
There was a rapid rise of about 400 yen, recovering to 20,000 yen.
It has completely become a short squeeze (the squeeze of sellers).
PER is 14.35 times, which is low even by historical averages.
Note) I personally think it is in an overpriced range, though.
Next week, there will be events such as the dissolution of the House of Representatives, taking September dividends, and wind-dressing at the end of September, which are likely to serve as buying support material. Therefore, I believe the stock market adjustment will be postponed to after October.
Note) The above is my personal view and is intended solely to improve financial literacy. Therefore, it is not created for investment solicitation. The final investment decision should be made at your own risk.
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