Toyota: the decline loses its edge near the Inversion Point
Toyota gains 0.7% as buyers take back control of the decline
Toyota: the decline loses its edge near the Inversion Point
Our view last week
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.
This week's summary
Toyota shares add 0.7% this week and buyers take back control, after sellers had edged ahead on the last daily bar a week ago. Money flow is almost back in positive territory and the weekly RSI climbs to 37.5: signs of a decline losing its edge. The price is now pressing against the Inversion Point, in the 180 area, with the short more than 18% in profit since entry.
IQS Phase
64
ordinary
Signal Strength
2
decline fading out
Sizing
MINIMUM
Ranking
#135 / 140
US stocks
Trade P&L %
+18.95%
from signal to today
restricted Platinum content