Will 🎌 Japanese strawberry farmer Hob ホーブ repeat its crazy rocketing moves of 2022 & 2023?

Three years ago, the stock was ramped from ¥909 to ¥4,515 including 5 limit-ups from 30th Jun till 6th July, then dropping to ¥1,573 on 12 Aug, before being ramped once again to ¥4,000 on 29th Aug on volume that equated to a frightening 3.72x of its outstanding shares [ & 6.21x of its free-float!] . After further flurries of activity that ended that upmove almost exactly 3 years ago to the day, it bottomed out at around ¥1,650-1,680 between January & August 2023 before being driven up again on 1st September to 4 consecutive limit-ups that peaked at ¥3,935 before crashing anew for the next 5 weeks, including successive huge volume days on 15th & 19th September that amounted to over double its paid-up scrip each day!

Over the last 2 years, the price would bottom with the broader market on 5th August '24 & 7th April '25 at ¥1,550 & ¥1,480 respectively. It seems that the 3rd Anniversary of the first gigantic ramp in '22 & 2nd Anniversary of the echo ramp in '23 may provide an occasion [ with an estimated 56% probability ] for another round of 'money games' with festive September arriving once again, perhaps purposely timed 3 weeks before the farming company's shareholder meeting in Hokkaido. Its market cap, based on one of the lowest share counts in the world of only 762,000 shares, is only 49% higher than the ¥1 billion minimum set by the Tokyo exchange as a criterion for continued listing. The management has projected a 66% increase in net profit for 2026, which provides another tailwind for such a rise.

Interestingly, Hob ホーブ  also saw a 71% ramp up from  ¥5,110 to a record high of ¥8,770 in between the last week of August & September 2005 shortly after listing, a 3-day ramp of +78% in May 2013 & a 2-day ramp of +44% during the 1st two days of Oct 2014. The next big push occurred in the last fortnight of Jan 2018 with a +83% in 3 days, followed by a  -24% reversal on the last day of that move. Then came a +106% upmove in 21 calendar days between late July to early August 2019, which deflated by -42% in a month before another +62% jump in mid-October of that year & finally climaxed with a +101% soaring in mid-December months before the pandemic breakout the following year. A more than doubling was also seen right after said pandemic selloff climaxed, with 2 consecutive limit-up days on 9th & 10th Apr 2020.

The monthly candlestick chart may be suggesting a possible bullish pennant breakout that could foreshadow a challenge of the ¥4,515 peak in '22, if not the all-time high of ¥8,770 two decades prior. No harm engineering a lofty stock price to keep shareholders happy ahead of their annual general meeting on 24th September!

Disclaimer : I have already bought my shares shortly after recommending to clients in May this year for ¥1,828