After continuous fall for past few months now Igarashi Motors has been showing some good uptrend for past few days. Overall weakness in the sales and pat numbers reflected in the stock prices also but Sep quarter was better compared to previous quarters.
Technical indicators like ADX and Macd are in the positive territory and stock just crossed the 200ema level so if overall market sustain at current levels more upside possible as per the technical charts.
Igarashi Motors weekly chart also shows positive trend – Macd is above signal line and about cross the base line which is positive for the stock. ADX also out from the deep negative trend and showing some positive signals.