Despite fluctuating after reaching ¥1,958 on May 29, the 25-day moving average is functioning as a support resistance, making it a good opportunity to buy the dip. With the increasing usage of electrical utilities by semiconductors companies and the growth of datacenters, it has been reported that ¥10 billion will be invested to strengthen two substations. This positions the company in the AI-related market, making it even more attractive for buyers. In terms of weekly chart patterns, the 13-week moving average is functioning as a support resistance and shows an uptrend.
九州電力---25日線が支持線として機能
Kyushu electric utilities --- the 25-day line is functioning as a support line.
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.