Daikin - Bottom rebound likelyTSE:6367 Daikin is looking at a possible bullish reversal after consolidating for the past 4 Months since Feb 2025. Furthermore, buying pressure is seen and is validated by healthy expansion of volume. Currently the stock has gapped up on Monday and is likely to see a strong reversion to the upside targeting 20,000 in the mid-term. Price action wise, the bear trap is valid after rebounding from the low of 14,920, which is less around 6% from its previous low at 15,790.
Long-term MACD is looking at a steady bullish momentum after histogram turns positive and stochastic oscillator has been rising steadily.
