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.
TM continues it's pattern of higher highs after the end of a long downtrend. Expect a long uptrend as this very undervalued stock with stellar fundamentals continues to rise. Watch stochastic for good entry points. There's still a long way up before it reaches anywhere near full valuation.
Also keep in mind the company is rewarding stock holders by aggressively...
Toyota has it's first higher high since Nov. After record breaking profits announced, the company is buying back shares and increasing dividends yhoo.it This will push the price higher and will continue through July.
We've seen the first higher high since November as a result. I will be looking for more price action and volume to confirm, but my early entry...
