Toyota (TM) is killing May estimates. Expect more upward momentum as the whole sector moves up. "Toyota deliveries gained 17 percent, topping a projected 8.1 percent rise." -Bloomberg Businessweek 6/3/14 Here are some Support/Resistance levels to help you with an entry point. My price target is currently $140 for the overall uptrend.
TM has formed a nice price channel which is very useful for finding attractive entry points. I recommend increasing your position when there's a 2.4% pull back from the upper red trend line (see chart). Definitely buy if there is a 3% or more pull back from the upper red trend line. As of 6/1/14 that translates to a price in the neighborhood of $109.50 - $111. My...
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...
Looks like sellers are getting pushed out.
I'd expect a bounce soon after the overreaction selling.
The Stochastic shows TM is oversold. Buy now and expect a swing above $111.50 over the next several days.
A break will occur soon one way or the other. If you think a bull pennant will occur set a target price of around 8.49 higher from where ever the break of the upper support happens, with a stop just bellow the lower support line of the triangle.
Fibs and past resistance suggest $116-117 is the next expected high in this continuing uptrend. Buy now.
The trend reversal is confirmed with another higher high. Add to your positions on the dip. Looking for a new higher low. Expecting the next high to be at the $113 level.
Looking for around a 2.62 move up to start a bull pennant pattern. Fib extensions and resistance line suggest next rally will be at around the $113 level.
MACD is indicating strong bullish signals for two reasons. First the MACD is above the signal line. Second it is now above zero, signalling that the underlying moving averages are trending higher.
More price action supporting the idea that the trend is now reversed and heading up. Price action has broken the down trend line in a big way, and also broken above the 50 day SMA. It's definitely time to start trading the up trend.
With Toyota's huge stock buy back and talk of a dividend increase after the stellar numbers from this past year, I'm continuing to look for price action to support a long position. I'm watching to see if the price can break through the current trend line seen in red. After receiving confirmation with the break, the next confirmation signal will be a break of the...
Toyota has been trading under it's 50 day moving average since early November. A move above the 50 day moving average would be more confirmation that it's time to consider taking a long position.
In my previous post (Higher High ) I showed how Toyota's price action had it's first higher high since Nov. It looks like it's also, and maybe more importantly, made a higher low. I believe this to be an indicator that the trend has reversed, and is now beginning a new uptrend for this company that is currently under priced anywhere from 40-50% for the year.
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...
Toyota's fundamentals look stellar. Now it's time to find some technical indicators to support the idea that now is the time to buy. TM is on the right side of the Ichimoku cloud for the first time since Nov. 2013.
I keep looking at the numbers for Toyota and it's price doesn't jive. I'm looking for support at around the $108.30 - $108.50 mark to signal that the lows are getting higher and higher. I think this thing is ready to start climbing the wall of worry to it's proper valuation.