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Wednesday, 14 December 2016

Honda Technical Analysis: 14 December 2016, Wednesday, 11.43am Singapore Time

(Click on the chart above to enlarge)
Honda Technical Analysis: 
14 December 2016, Wednesday, 11.43am Singapore Time

Attached above is the Technical Analysis (TA) and Fundamental Analysis (FA) of Honda Motor Co., a blue chip Japanese company that is also listed in the New York Stocks Exchange (NYSE: HMC). The 2 F.A figures above will flip back to green under the resumed bearish momentum in the forex market in Japanese Yen. This will give the Japanese car manufacturers an advantage. Already, weekly, monthly, quarterly and half-yearly performances have gone bullishly green before the long term figures flip back to strong green. Honda is also making the multiple band of moving averages all become the supports now. Strong Bullishness in Japanese Stocks, Nikkei-225 and Japanese ETFs.

LONG TERM:
UPTREND

MID TERM:
UPTREND

SHORT TERM:
UPTREND

Technicals:
Breakup purple resistance

DNA Technical Rating:
Very Bullish with more upsides to come in 2017

Related (Very Important Read on The Great 2nd Rise of Japan):
http://donovan-ang.blogspot.sg/2016/11/nikkei-225-super-cycle-resistance.html
http://donovan-ang.blogspot.sg/2016/12/nikkei-225-japanese-stock-market-and.html

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