Sell signal under management · week 19
Toyota +1.1%: the double bottom holds but sellers aren't done yet
Sell signal under management · week 19
Our view last week
Week 18 of the sell signal on Toyota Motor, with the trade up 20.33% since entry. The week closed 1.8% higher, with buyers clearly back in control: a shift in tone versus recent weeks, and MACD still sits in negative territory.
This week's summary
On Toyota the bounce off the lows doesn't fully convince: the stock carved a double bottom in the 168 area and closed the week a modest +1.1% higher, but after last week's shift in tone sellers have edged back in front on the last daily bar, with distribution still underway. Underneath, though, RSI and money flow are improving. The sell signal has been under management since week 19, with the short up 19.48% since entry.
IQS Phase
64
ordinary
Signal Strength
2
decline fading out
Sizing
MINIMUM
Ranking
#125 / 137
US stocks
Trade P&L %
+19.48%
from signal to today
restricted Platinum content