Japan: Yokohama Reito

Below is the next upside resistance target for Yokohama Reito (2874.T) along with the downside support level.

Our expectation is that the 1999 low along with the 2009 re-test of the same level at ¥512 was the confirmation of the reversal in the declining trend from the ¥2,670 peak in September 1989.