Tokyo - Collect

Tokyo had to face a lot of resistance as one of their major share holders divested its holding. We saw this strong selling forcing the bulls to form a fierce support between 57.50 and 63.50 for a period 7 months. There after the counter rallied to a high of 78 in a matter of 5 weeks, since then the supply kept the price under check from Apr '17 to date in a range bound trend between 60 and 78. Presently it's trading towards the low end of the range. Once the accumulation is complete the counter will take off to strongly break out of 78. Before that it will test resistance by short term players at 68,70, 75 and 78. The 6 to 12 month expectations would be to test 85 to 90, completely supported by strong growth expected in the year. If anyone ENTER it at 65/66, you have a ROI running up to 38% WITHIN the next 12 months.