As expected, TOM has reached the point of 16.50 euro/share, and even exceeded a little, by hitting the 16.58 euro/share much earlier than the end of 2021.
Since TOM is at it's highest point ever, I think it will now start it's way down, back either to 15.50 or even to 14.50.
Considering the new lock-downs and rising inflation, remaining on such high levels is quite a risk, even though NY sales are coming soon.
Additional sign of risk is PE ratio of Toyota, which has severely dropped both since COVID and the 1/5 split of September.
Since TOM is at it's highest point ever, I think it will now start it's way down, back either to 15.50 or even to 14.50.
Considering the new lock-downs and rising inflation, remaining on such high levels is quite a risk, even though NY sales are coming soon.
Additional sign of risk is PE ratio of Toyota, which has severely dropped both since COVID and the 1/5 split of September.
Trade closed: target reached
