EQUITYOPPORTUNITY

Saturday, May 25, 2024

A 'dark cloud cover' candlestick marked the old ¥5,990 '87 top in Nomura

 

Interesting also to note that the Oct '87 Black Monday crash low almost coincided exactly with the 61.8% Fibronacci retracement of the entire move from the '82 low of ¥381 to the '87 peak.

Despite its huge rally in '24, the stock price is still less than 1/6th of its old high even though the Nikkei index is higher by about 1/3.



*Disclaimer : I have owned Nomura shares since Feb 6th '18

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