Septimus

Support signaling beginning of uptrend?

Long
NYSE:TM   Toyota Motor Corporation
0
Toyota just got interesting. For the first time in several months it's found support on the other side of a dip.

This severely undervalued stock may finally have gotten enough distance from the 2009 recalls to start moving to it's real value, somewhere in the ball park of around $228.70. My one year price target is around $155. I'll continue to look for entry signals, but at a first glace somewhere between $107 and $109 is looking pretty good.

Related Ideas

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.