Although it has broken above the 20-day moving average (MA20), the 50-day moving average (MA50) seems to be functioning as a support line. In addition, the Relative Strength Index (RSI) does not show overheating yet and is in a neutral state.
The points are as follows:
1. Breaking above the 20-day Support line: Signs of entering a short-term bullish trend. However, the focus is on whether it can break through the wall of the 50-day Support line next.
2. Volume (Volume): The volume is not particularly high, there may be a lack of clear upward energy.
3. MACD: It is hovering near the zero line, but the histogram is turning positive, indicating a slightly bullish signal is starting to emerge.
Next focus points:
• The stock price clearly breaks above the 50-day moving average line, will it stabilize on a closing price basis.
• If accompanied by an increase in volume, further upward movement can be expected.
• On the other hand, there is a possibility of a further correction if it is suppressed by the 50-day moving average again, so caution is required.
It will be exciting to see how it moves!