Japan like Hong Kong is showing strong signs of growth.
We first had the breakout above the Cup and Handle and now we are awaiting the breakout above the Falling Wedge...
There are some strong signs of upside fundamentally...
💼 1. Solid GDP & corporate profits
Japan’s economy grew about 2.7% annualized in Q1—beating estimates—and corporations are reporting stronger earnings growth
🌐 2. Foreign buying spree
Foreign investors have poured into Japanese stocks for weeks—13 of the last 14—with inflows fueled by attractive valuations and yen hedging
🤖 3. AI & chip boom
Tech and chip firms tied to AI are leading the charge, pushing market gains and drawing investor attention
💸 4. Cheap & reform-driven
Japanese equities trade at a discount (~15x forward P/E), and ongoing corporate governance reforms are boosting investor confidence
Here are the technicals
W Formation
Price>20 and 200
Target 42,153
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
We first had the breakout above the Cup and Handle and now we are awaiting the breakout above the Falling Wedge...
There are some strong signs of upside fundamentally...
💼 1. Solid GDP & corporate profits
Japan’s economy grew about 2.7% annualized in Q1—beating estimates—and corporations are reporting stronger earnings growth
🌐 2. Foreign buying spree
Foreign investors have poured into Japanese stocks for weeks—13 of the last 14—with inflows fueled by attractive valuations and yen hedging
🤖 3. AI & chip boom
Tech and chip firms tied to AI are leading the charge, pushing market gains and drawing investor attention
💸 4. Cheap & reform-driven
Japanese equities trade at a discount (~15x forward P/E), and ongoing corporate governance reforms are boosting investor confidence
Here are the technicals
W Formation
Price>20 and 200
Target 42,153
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.