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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La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
I make a living by drawing charts.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.