Komatsu builds heavy equipment. My capital checks the ground before moving in.
On this 4H TSE chart, quoted in JPY, the latest displayed close is ¥6,782, following a pullback from the recent October high. The broader rising channel remains visible, but the latest selling has brought nearby demand under pressure.
The long-term structure provides context. Buyers still need to defend the current setup.
The immediate negotiation — around ¥6,740–¥6,863
Several displayed references cluster around the latest close. Stabilization here, followed by a reclaim of nearby resistance and higher lows, would improve the recovery picture.
Continued weakness would put the lower highlighted demand zones and broader ascending support under examination.
The first recovery checkpoint — around ¥7,004–¥7,100
These displayed references sit above the latest close. Reclaiming this area and defending a retest would strengthen the local rebound scenario.
The marked bearish fair value gaps overhead remain potential obstacles. Buyers need to absorb that supply rather than simply touch it.
The larger test — ¥7,303–¥7,398
This upper cluster sits near the recent high area. A sustained reclaim would provide stronger evidence that the pullback has resolved into continuation.
Every recovered level needs buyers willing to defend ownership.
The extended reference — ¥7,976–¥7,978
This marked upper area belongs to a broader bullish scenario. Nearby resistance must clear and the ascending structure must remain intact before it becomes a stronger objective.
Heavy machinery needs a foundation. So does an ambitious projection.
The momentum check
The lower oscillator reads approximately −6.96, below zero and near its displayed −7 reference. Momentum currently weighs against immediate bullish conviction.
Stabilization and improving price structure would strengthen the case for recovery.
Here’s my classification:
ATM candidate: demand holds, momentum stabilizes, and buyers reclaim resistance under my execution rules.
Casino: I buy the rising channel while ignoring the current selling pressure.
Broken Slot Machine: support fails and I keep adding weight to a structure that has stopped carrying the thesis.