Sunday, November 22, 2009

Toyota Motor Corp. (TM) and the ABC pattern

Toyota Motor Corp. (TM) weekly chart analysis ;
1) "A" stands at around $86 ; price zoomed up, anticipating a global recovery
2) "B", your real support, waits for fundamentals to improve and confirm early price rise.
3) "C", your real buy trigger confirms price/fundamental action (safe entry above $86)
PS ; Toyota is improving, so is Ford Motor Co. (F) !
Do not ignore Ford ! (low market cap to revenue !)

0 comments: