FAST RETAILING CO LTD (9983.T) Forecast

Fast Retailing (9983.T) shows concerning technical and valuation signals. The stock has declined 13.7% from the August 10 high of ¥78,720 to the current ¥68,620, with a particularly sharp deterioration in early September (-12.7% from Aug 31 to Sep 11). Volume patterns show elevated trading during the decline (1.4-1.5M shares on down days Sep 3-11), indicating institutional selling pressure. The PE ratio of 44.1x is elevated relative to the current price decline and suggests limited margin of safety. The recent bounce from ¥66,480 (Sep 11) to ¥67,920 (Sep 24) shows weak recovery momentum with lower volumes (~750-865K), failing to break above the ¥68,000 level decisively. The downtrend remains intact with lower highs and lower lows, and the current price near ¥68,620 lacks strong support. Technical indicators suggest further downside risk toward ¥66,000-66,500 support levels. Recommend selling or avoiding until clearer stabilization and support break-out occurs.