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.
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I make a living by drawing charts.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.