Fukuoka Financial Group Inc

Fukuoka Financial Group Inc is a Japan-based company mainly engaged in the banking business. The Banking business is engaged in the provision of banking services, such as deposits, loans, domestic and foreign exchange, among others.

Over the past 4 months price has formed an ascending triangle pattern with the horizontal boundary acting as strong resistance around the ¥2,500.00 level. A daily close above the ¥2,530.00 to ¥2,575.00 price range will confirm the breakout from the 4-month-long ascending triangle with a possible chart pattern price target around the ¥2,900.00 level.

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A nice clean break above the ¥2,530.00 resistance level mentioned in the original trade idea above.