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Friday, 3 August 2018

Toyota Motor Corp (NYSE: TM): 3 August 2018, Friday, 8.29pm Singapore Time


Toyota Motor Corp (NYSE: TM): 
3 August 2018, Friday, 8.29pm Singapore Time
(Click on Technical Chart above to Expand)

Attached is the Technicals for Toyota Motor Corp that is listed in the NYSE (NYSE: TM).
Toyota has very bullish volume flow. After breaking up the light blue classical line of resistance, it engaged in large scale symmetrical triangle of re-accumulation in black. This triangle can be regarded as a pennant with the pole measuring $35.00 in height. The breakout point is expected to be at $135 region, giving a target price of $135 + flag pole height = $135 +$35 = $170. 

The Donovan Norfolk Technical Rating of Toyota Motor Corp: 
Bullish

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