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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Return to Sender who wrote (2199)3/5/2002 8:17:54 PM
From: Crossy  Read Replies (1) | Respond to of 95936
 
RtS,
wow - didn't expect that strength in Japan this evening. Nikkei already up 2.7%. Was that the "consolidation" - just a 1-2 day stalling in the move up ? Great trend so far..

Meanwhile New Japan Radio (6911) is further gaining ground. Already at 665-Yen (+6%), 64k shares traded in the first hour alone. Today I saw the first 20k block purchase in this stock. This was probably the strongest Japanese semiconductor chart in retrospect. A nicely bullish upward tasuki gap pattern followed by an inverted hammer yesterday that pointed to a time expansion of the current trend. Means further up we go.. quote.yahoo.co.jp

And NJR is present in many niches experiencing improving demand: linear ICs, power ICs, motor controllers, microwave GaAs chips, etc.. I think we have a good chance here to reach the next congestion zone (of 700 Yen) today on STRONG volume (> 200k). Let's see..

all the best
CROSSY