Confirmed breakout of a bullish flag pattern on Toyota. Taking into consideration that the market is trading in a bullish trend this breakout will most likely initiate a bullish rally. I will buy on a retest of 618 retracement of the last minor bullish leg. goals: 7286 7523
Toyota motor THAT IS 2 SCENARIO 1) REPRESENT: WXYXZ (33333) 2)IF BREAK RESIST LINE GO UP (WAVE 3) 2-2) IF BREAK SUPPORT IMPULSE DOWNTREND
What an insane rally of Tesla over the last months. Many investors which were short got crazily burned. Their portfolio might have massive losses. Did they underestimated this company or do they still see Tesla as a normal Automobile Company? What we know: The company makes massive of revenues but generates at the moment only a couple of millions in profit....
Toyota, much like many stocks and indices around the world, has an all too familiar flag formation off the March lows. Toyota's is very clean in structure, with two distinct "humps" inside of it. I very much expect this to break down. In the first crash, it broke a long-term trend line (red) that dates back about eight years. That will be easily broken again...
Telsa's market cap has eclipsed Toyota, making it the largest auto company in the world (at least by mktcap). Meanwhile, quarterly revenue is close to $6B versus $66B (Toyota). Seems like something is wrong here.
We are looking to enter as well!!
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Based on Technical analysis, it seems that for a short term investment there is possibility to go long (Option A). Wait if the dotted amber line will work as resistance or not to decide if keep going long or short (Option B). Theoretically, due to the Virus the market should be very slow or perhaps it will move sideways for the next months.
Toyota seems to have finished primary corrective weave 2 up and is now tracing primary wave 3 down. If this is the case, prices should decrease below 108.00. If prices crosses up 130, this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
two false breakouts of a major trendline with a higher low formation on Toyota! it is a good bullish sign to consider and based on that I expect the stock to keep growing to higher levels. the first key level is 7200 the second key level is 7800 have a great weekend!
www.tradingview.com - Toyota is lagging behind - Hybrids sales are declining - Hydrogen Sales are nor rising - Toytota is monster in size ... But Godzilla shall be defeated ;)
Toyota Motors (TM), D1: Resistance zone + Extended divergence on RSI(14)
This is a custom index using Toyota+Honda+Ford's long term charts plotted against the S&P 500 (both using moving averages to smooth data). It's pretty simple, when the auto sector is diverging from major equity indexes in a negative fashion, that = bad stuff ahead. The auto sector has shown that it peaks before the s&p 500 does, which makes sense due to...
Only simple T/A. Measured Move=190. Sloping upward 200. Conditions are right in the market.
Its in the zone! we are looking for a long!
Great low risk buy setup in $TM. You can average in during 3-5 days here, risking 3 avg ranges down. I think $TM has a lot of upside, and the Range Expansion day out of support kicks off a nice uptrend signal here too. Both valuation and technicals align, giving us a great low risk trade. Best of luck if taking it, Cheers, Ivan Labrie.
I like the moves Toyota has been making, like partnering with @projectoaken to work on autonomous cars with blockchain tech; and looking at the monthly chart this could be a good time to buy in for long-term.