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IHI ranks 4th in rising buy predictions from individual investors on Minkabu
IHI Corporation <7013> ranked 4th in "rising buy predictions" as of 1:00 p.m. on the 24th, according to "Individual Investor Predictions (Latest 48 Hours)" compiled by Minkabu.
IHI has fallen for four consecutive days, with downward pressure intensifying recently, but many investors appear to see it as a buy-on-dip opportunity based on valuation. The government stepped in on the 21st to abolish the "five categories," making it possible for Japan's domestic defense industry to export "weapons," and overseas deployment of defense equipment is expected to accelerate in earnest. The company's stock, positioned alongside Mitsubishi Heavy Industries,Ltd. <7011> and Kawasaki Heavy Industries,Ltd. <7012> as one of the "three defense heavyweights," is also expected to attract renewed buying interest. From a technical perspective, attention is focused on a breakthrough of the 5-day moving average, which has been acting as an upper resistance line capping the company's stock price, and the timing when the moving average turns upward.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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