TM/N trade ideas
Toyota stock analysis. All time highs soon?Hi everyone,
Today we are taking a look at NYSE:TM Toyota stock.
This issue has been in the game for a while and it's not one of your parabolic stocks.
NYSE:TM stock tends to move aggressively in the short term, followed by a longer low volatility period afterwards.
This stock takes a lot of time to make new ATHs.
Recent action.
Stock price has been rejected by a 20-year-old trend resistence 5 times already.
Persistence of the price action looks good for the stock.
However , based on previous stock fluctuations from the highs, I would not expect price to break the resistence just yet.
Future action.
The stock is famous for consolidating in the same range for many years. Even in a bull market Toyota stock moved sideways (2013-2018). Therefore, being at the top of the trend channel, we might see a proper downward flush.
We could see 145 in the next 6 months.
Even if we break the 20-year resistence ( 190 level) and hold there, I cannot see this stock going parabolic to the moon.
I would recommend to be conservative on this one.
Trade wisely and good luck!
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Disclaimer!!!
This is not financial advise.
$TM with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $TM after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 77.78%.
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TOM is reaching the 16.50As expected, TOM has reached the point of 16.50 euro/share, and even exceeded a little, by hitting the 16.58 euro/share much earlier than the end of 2021.
Since TOM is at it's highest point ever, I think it will now start it's way down, back either to 15.50 or even to 14.50.
Considering the new lock-downs and rising inflation, remaining on such high levels is quite a risk, even though NY sales are coming soon.
Additional sign of risk is PE ratio of Toyota, which has severely dropped both since COVID and the 1/5 split of September.
TOM / Q4 2021TOM continues it's way up.
Short-term
Considering the economy rise in general, TOM will continue it's way up to +-16.50, at least in as long as general economical situation will remain the same.
By looking at the recent trend of TOM, the reach of 16.50 may take longer than initially expected, but in reality it may perform even better than planned, considering the New Year boost, which comes very soon.
Mid-term
Speaking about the mid-term, the new e-cars market will add value, which is being strongly supported by the ecological initiatives and massive investments.
Very long-term
Many other stocks have skyrocketed after the lockdowns, and it may seem as if the current price is of TOM is also away higher than it should be if there was no COVID.
In fact, he white line in the chart, is a global trend of TOM for the whole period available.
This trend fits perfectly the prices of today, which means that the price level is at a quite safe level.
Other factors
Technological innovation, demand in mobility and ecological concerns/investments, are making the current price level pretty much realistic, or even under-evaluated.
Forecasts of housing prices in Europe are very bullish in the coming 1-3 years, which can be quite a reason to believe that current global trends will continues as well within the mentioned period.
Summary
TOM is being traded at a realistic price level, or even underestimated.
Both factors + global bully trend + tech demand + ecology = will keep rising the TOM value as well as many others on the market.
Forecast
TOM will reach 16.50 withing this year or earlier.
Nice spot for buying ToyotaWe use the previous resistance as support/hold the range between: 80.19$ – 78.30$
If we go lower as 75.96$ and closing the monthly candle below its more likely that we are going more downwards and testing 60.25$ and this needs to be hold for our longterm uptrend. Anyway we are trying to buy between 80.19$ – 78.30$ with an stop loss little bit below 75.96$ . First take profit 89$ and second take profit: 94.89$ .
What are you thinking about our trading idea? Your thoughts are always appreicate here.
$TM with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $TM after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 66%.
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
Keep it simple and buy ToyotaNot much to say here other than Toyota is 100x better than Tesla in everything. Personally I don't believe that a company who has a CEO like Elon will ever be successful, so I'd rather buy the most successful company out there that just had a major breakout. Definitely one of the most bullish stocks out there.
$TM with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $TM after a Negative over reaction following its earnings release placing the stock in drift C
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.