The global EV theme has faced renewed pressure as China's BYD aggressively captures market share, putting giants like Tesla and Toyota under strain. Toyota's stock recently plunged near its 2023 lows as sales expectations were trimmed.
However, technicals paint a different picture now.
The stock staged a sharp rebound, retracing back above the 61.8% Fibonacci level. On the monthly chart, a strong bullish candle has formed — signaling potential for continued upside momentum.
With momentum shifting, eyes are now on higher resistance levels.
However, technicals paint a different picture now.
The stock staged a sharp rebound, retracing back above the 61.8% Fibonacci level. On the monthly chart, a strong bullish candle has formed — signaling potential for continued upside momentum.
With momentum shifting, eyes are now on higher resistance levels.
I make a living by drawing charts.
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이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
I make a living by drawing charts.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.