Toyota Motor Corp. ADR: 15 weeks of decline, momentum fades but trend holds

Toyota Motor Corp. ADR is in week 15 of a sell signal, with the trade up 20.6% since inception. The weekly structure remains bearish, but the pace of decline has eased — RSI stabilising near lows, momentum partially recovering, CMF oscillating. On the daily chart, a double bottom in the 172 area is holding with a 6% intermediate rebound.