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7203

7203_Breakout (Bullish)7203 has been in bearish trend (correction) for a while after making All Time High. Formation of LL, LH respecting a descending trendline resistance (Triangle Top) Recently has made a double Bottom confluenced with Golden Pocket, Good Support Level. Breakout of Descending Trendline is observed for first time in a while. After retest, trendline is respected (acting as support). Long position above horizontal resistance line can be taken (confirmation after formation of HH) Bullish trend will be confirmed after formation of HL Trade with SL
TADAWUL:7203Long
by YASIRWA
Toyota Motor Corporation DCA - Rectangle Reversal Company: Toyota Motor Corporation Ticker: 7203 Exchange: TSE Sector: Automotive Introduction: Hello and thank you for taking the time to read my post. Today, we analyze the daily chart of Toyota Motor Corporation, focusing on a potential Rectangle reversal pattern. This pattern may indicate a change in the trend and offers trading opportunities for both short-term gains and long-term positions. Rectangle Reversal Pattern: The Rectangle pattern is a consolidation pattern that forms when the price is bounded by parallel support and resistance levels. It can act as a continuation or reversal pattern, depending on the preceding trend and the breakout direction. A breakout above the resistance level signals a potential trend reversal. Analysis: On the daily chart, Toyota Motor Corp has been in a clear downward trend, as indicated by the blue diagonal resistance line. However, the Rectangle pattern, which has four touch points at the top and five at the bottom, could potentially serve as a reversal pattern. Currently, the price is attempting to break above the 200 EMA. If a breakout occurs with a candle close above this level, the price target is ¥14550, representing a gain of approximately 7.5%. This setup could also present a good opportunity to build a longer-term position, depending on the trend opportunity and whether the Rectangle pattern truly acts as a reversal signal. Conclusion: The Toyota Motor Corp daily chart analysis highlights a Rectangle reversal pattern, signaling a potential trend reversal. Traders should closely monitor the 200 EMA for any signs of a breakout. As always, it's essential to consider risk management and proper position sizing when trading based on chart patterns. Please note that this analysis is not financial advice. Always do your own due diligence when investing or trading. If you found this analysis helpful, please like, share, and follow for more updates. Happy trading! Best regards, Karim Subhieh
TSE:7203
by KarimSubhieh
7203 (TSE) - Still BullishGreetings Humbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market. If you have any questions, do not be hesitant to send us message (inbox). Our Service : Signal recomendation, Trading Course, Portofolio Consultation for multi asset such as Stock, FX, Derivative, Crypto, etc. If u are newbie on the stock market, do not be hesitant to contact me at Private Message. Our Job is to make u Prof trader and proftable trader. Strategy - Please care for Money Management - Have a good psychology - Do not be hurry to open position - Evaluate and upgrade your trading plan 7203 (TSE) - Still Bullish
TSE:7203Long
by MultiAssetX