Daily BriefsTechnical Analysis

Daily Brief Technical Analysis: Nippon Light Metal (5703 JP) Is On The Verge Of Confirming Bullish MT Trend Change and more

In today’s briefing:

  • Nippon Light Metal (5703 JP) Is On The Verge Of Confirming Bullish MT Trend Change

Nippon Light Metal (5703 JP) Is On The Verge Of Confirming Bullish MT Trend Change

By David Coloretti, CMT

  • At TMA we deliver high probability outcomes by focusing on our 3 pillars of technical analysis. 1) Response to key levels. 2) Price action. 3) Momentum confirmation.
  • Every recommendation requires definitive evidence of all 3 pillars to be regarded as a high probability outcome. 
  • 5703 JP has a LT double bottom in place and comprehensive MT uptrend confirmation (weekly RSI). Only an appropriate weekly close is required this week to confirm the MT uptrend.

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