Three stocks showing a double bottom【Secrets of Japanese Stock Trading】

TIMES【3922】

Around 7/28, the 5-day moving average and 25-day moving average formed a golden cross, building an impressive uptrend.

The double bottom seems to be just forming,

The last candle has a long upper wick after briefly hitting a high, indicating selling pressure, which hints at a possible drop afterward.

Also, the 5-day moving average is trending downward, so in the short term it could fall from here.

From research, this stock appears to be heavily promoted currently.

Here, a double bottom is forming! Buy!

If you see comments like that in various places,

it may be intentional promotion, so caution is advised.

Indeed, the second part of the double bottom is clearly formed, but to me it looks like it could drop quite sharply from here.

ELEMENTS【5246】

ELEMENTS slowly declined after signaling a death cross around 5/31.

Currently, a clean double bottom is forming, but the 5-day moving average has not yet created a golden cross with the 25-day moving average.

But after forming a low at 494 yen, the next decline is around 500 yen, suggesting a support line in investors' psychology. It might be good to add it to your watchlist soon.

G-NEXT【4179】

Since the death cross on 7/19, it's been in a downtrend; it's now about three months.

Since the double bottom formed at 303 yen and 302 yen,

This seems to be acting as a support.

Soon to be a stock on the watchlist waiting for a golden cross.

Charts are dynamic and fluctuate.

This is not necessarily an entry signal,

Please make your own investment decisions.