My Analyses On Toyota MotorFriends, please support my Free works by Following and Clicking LIKE Button .
Feel free to post your thoughts and charts here in comments, I'd love to see it.
Toyota
TM Toyota MotorBased on Technical analysis, it seems that for a short term investment there is possibility to go long (Option A).
Wait if the dotted amber line will work as resistance or not to decide if keep going long or short (Option B).
Theoretically, due to the Virus the market should be very slow or perhaps it will move sideways for the next months.
Toyota - starting to trace primary wave 3 downToyota seems to have finished primary corrective weave 2 up and is now tracing primary wave 3 down. If this is the case, prices should decrease below 108.00. If prices crosses up 130, this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
TOYOTA MOTOR CORP MAY KEEP GROWING!
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!
Series: "SHORT OIL INDUSTRY" Episode: Toyotawww.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 ;)
Auto Sector is a Leading Indicator of Market TopsThis is a custom index using Toyota+Honda+Ford's long term charts plotted against the S&P 500 (both using moving averages to smooth data).
It's pretty simple, when the auto sector is diverging from major equity indexes in a negative fashion, that = bad stuff ahead. The auto sector has shown that it peaks before the s&p 500 does, which makes sense due to fundamental factors. Auto's require lots of capital to build, and a lot of raw materials that are subject to inflation. This means late-cycle inflation often hurts the auto sector before it starts to trickle down elsewhere. Additionally, autos are also subject to credit markets, where higher rates = more difficulty financing cars. This causes purchases to drop due to people having less money to throw around and credit being more expensive.
TM Testing LT Trendline. In a wedge. If breaks TL, MM=190+Only simple T/A. Measured Move=190. Sloping upward 200. Conditions are right in the market.
TM: Toyota is very cheap hereGreat 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.
TM MONTHLY REVIEWI 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.
