EQUITYOPPORTUNITY

Sunday, February 18, 2024

Has Nippon Felt seen a cycle bottom in '22 ?


My bet is for the price to rise to an initial target of  ¥580-600 within 3 months, assuming the Nikkei holds up for my measured move target of 45,000 points at least until June. Previous cycle lows were  ¥135 in '82 [ignoring the rebound from ¥1,240-2,650 in '90-'91 & ¥530-1,000 in '92 ], ¥55 in '71, ¥54 in '62 & ¥84 in '52.  TD count is 8/9.

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