Japanese semiconductor stocks are somehow solid

I'm writing this on GW's nakabi, 5.1.

If you look at the GMMA of the 2644 Global X Japan Semiconductor ETF, it's still a downward trend. In other words, it's a medium-term trend and is in a downward direction, so I still can't say from the chart that now is the place to buy.

However, considering that 4/30 US SOX had dropped significantly to -1.94%, it can be said that 2644, which is moving around +0.5%, is quite strong.

The chart above shows the 2644 day chart.
The lower price has been rounded up since 4/24 and returned.

In particular, it is in a pretty solid shape even on days when the Nikkei Average is falling.

Today 5/1 is almost even in NT ratio. Since both the Nikkei Average and TOPIX have been trending at almost the same rate of decline, the semiconductor sector is recovering slightly from the part that was originally concave on the Nikkei Average side.

Of course, on 5/1, lasertech, which has a high contribution to 2644, skyrocketed by 14%, and there is a part where this is leading the way. Advantest is also +2.5%, isn't it?
On the other hand, Tokyo Elec is -1%, Screen is also -1%, etc., and although there are mixed results in the semiconductor sector, it is solid when viewed as a whole.

2644 also dropped to -16% from the most recent high and then returned to 6% in one week.
Also, it's not strange at all even if it goes down from 10% to 15% from here, so it's still not a shopping place in terms of charts. Maybe it's still going down a bit.

Also, financial results have been in full swing in Japan since the end of Golden Week, so I think it's enough even after watching it, but if you believe in the dramatic growth of AI and semiconductors in 3 or 5 years, I think it's okay to buy with savings etc. from around here.

it's about time I reach my target number of shares lol

Incidentally, 2243 linked to SOX has dropped by 2% since SOX exploded yesterday, but it is in better shape than 2644 on the chart.
It's only 5% down from the most recent high, and this is today's value including 2%. In other words, it has somehow returned to close to high prices. I think it would be a good idea to buy more and keep them little by little on a day when things drop drastically from around here.