So this was the set-up for Daiwa Heavy 大和重工's rebound!

                                     

Today, the quiet stock hits limit-UP even as the Nikkei has a 4th sharp fall in a row and is 2nd in the % Gainer rankings, out of 3,923 listed companies:  its 4-month consolidation resembles one of the sturdy cast iron tubs it sells to hotels in Japan, with a small handle  formation just before Friday's breakout day. My trade on this stock between early Aug & the 31st of that month last year was one of the most memorable & thus far the ONLY sale of a Tokyo-listed stock at the very PEAK of its move: ¥2,010!

 This round, I re-purchased too early on 2nd Feb '24 when it appeared ready to rebound after the huge retracement down, at ¥1,116. Now, my target is a more modest ¥1,657, which is the 61.8% Fibronacci ratio target of the previous move from ¥769 to the aforementioned summit price. Tomorrow's Stop-High limit happens to fall just  ¥7 short of this! 

Interestingly, the volume today virtually halted at 10:55 am as the sellers totally dried up until the close, where a mere 1,900 shares were transacted at the high. Today's 274,500 shares traded is smack in between last year's 1st limit-up day of 70,600 & the 2nd limit-up day of 433,100, so my guess is there's a better than 50-50 chance of attaining the limit high again tomorrow!