All-time highs with rising 200DMA. The move above $146 marks an all-time high for Toyota Motor Corp. This comes after a 6-year consolidation on news of potentially releasing solid-state batteries in 2021 with 10 minute charging times. This is a game-changer for electric car technology and if works out for Toyota, the new uptrend could last for years.
I do believe it has some really good bullish potential to move atleast to out (POI). It can move further depending on the Earning that's coming soon. keep an eye on this one.
TOYOTA MOTOR CORP Will Decline next days I Advais You to sell it will decline next days (weeks) to 6889 JPY SL 7565 JPY
$TM is projected to have a bullish outlook after positive under reaction following its earnings placing it in Drift A category with price trading currently on the median line. If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
I See that the market is going UP.
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
Toyota has one more leg down to major support zone at 6209-6263 before a stronger rally occurs. Reason? First, the formation of evening star at 123.6% extension level indicate a false breakout. And prices close at the major support level. As such, there is a strong desire for Toyota to test lower lows.
Toyota has been trading in a channel, potentially rising wedge. It sits in a strong industry with Tesla currently bringing up technicals for a lot of autos. It is currently at $125 and will hit resistance around $136 if it stays in the channel. On the downside, $120 looks like an area of support and an indication that our trade is not functioning the way we...
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...
We are looking to enter as well!!
Friends, please support my Free works by Following and Clicking LIKE Button . Feel free to post your thoughts and charts here in comments, I'd love to see it.
All attempts at breaking out of crash pattern have failed; in all likelihood the bottom will be retested as support.
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.
After a long period ranging between the two blue lines (support/resistance), we are observing a break out in the downside. The history of the market tells us that it has several times tried to revert with very strong volumes. ALL FAILED! Until we had the confirmation of the downside trend. What to look up next: Check the volumes and see if it helps...
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.