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!
1. Toyota Motor Corp.’s credit rating was upgraded to AAA by Japan’s Rating and Investment Information Inc., making it the only company in the country to have the highest rating, as well as the sole domestic issuer ranked above the sovereign.
2.This stock is currently in a strong rally towards the upside, its easy to see even with the naked eye. We have a...
Based on my daily chart analysis earlier on, it concurs to me that the weekly support the bullish run beyond 8000 yen, but not for long. Based on the wave analysis, the flat corrective wave is still currently forming the B wave of the Primary phase. Based on further analysis, the wave on the smaller scale within the regular flat is forming an expanded flat,...
Toyota had a strong up move out of the falling wedge yesterday and we expect the stock to move beyond 8000yen within this few periods.
A detailed wave analysis will be published on a separate note.
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 ;)
