Eoin Treacy's view Softbank had become quite overextended relative to the 200-day MA by early February and pulled back sharply this week. It is now testing the 200-day MA and the succession of higher reaction lows. If the medium-term uptrend is to remain consistent, the share will need to find support in this region.

Fanuc ranged below ¥13,000 from early January and this week's pullback has completed a reversion to the 200-day MA. Provided it holds above the psychological ¥10,000, the benefit of the doubt can continue to be given to the medium-term upside

Aozora Bank encountered resistance near ¥200 following an impressive advance. The share pulled back violently today but found support near ¥140 and closed near ¥170. While today's rebound is impressive, it will need to hold most of the gain from the low if the medium-term uptrend is to be given the benefit of the doubt.