How the (TM) price action is used to our Advantage

January 11, 2024, 23:52 pm ET, BY Tom S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for TM

• Buy TM slightly over 190.64 target 202.88 stop loss @ 190.09 Details

The technical summary data tells us to buy TM near 190.64 with an upside target of 202.88. This data also tells us to set a stop loss @ 190.09 to protect against excessive loss in case the stock begins to move against the trade. 190.64 is the first level of support below 194.95 , and by rule, any test of support is a buy signal. In this case, support 190.64 is being tested, a buy signal would exist.

• Short TM slightly under 202.88, target 190.64, stop loss @ 203.47 Details

The technical summary data is suggesting a short of TM as it gets near 202.88 with a downside target of 190.64. We should have a stop loss in place at 203.47though. 202.88 is the first level of resistance above 194.95, and by rule, any test of resistance is a short signal. In this case, if resistance 202.88 is being tested, a short signal would exist.

Swing Trading Plans for TM

• Buy TM slightly over 202.88, target n/a, Stop Loss @ 202.29 Details

If 202.88 begins to break higher, the technical summary data tells us to buy TM just slightly over 202.88, with an upside target of n/a. The data also tells us to set a stop loss @ 202.29 in case the stock turns against the trade. 202.88 is the first level of resistance above 194.95, and by rule, any break above resistance is a buy signal. In this case, 202.88, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short TM slightly near 202.88, target 194.04, Stop Loss @ 203.47. Details

The technical summary data is suggesting a short of TM if it tests 202.88 with a downside target of 194.04. We should have a stop loss in place at 203.47 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 202.88, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for TM

• Buy TM slightly over 196.16, target 202.88, Stop Loss @ 195.7 Details

If 196.16 begins to break higher, the technical summary data tells us to buy TM just slightly over 196.16, with an upside target of 202.88. The data also tells us to set a stop loss @ 195.7 in case the stock turns against the trade. 196.16 is the first level of resistance above 194.95, and by rule, any break above resistance is a buy signal. In this case, 196.16, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short TM slightly near 196.16, target 194.04, Stop Loss @ 196.62. Details

The technical summary data is suggesting a short of TM if it tests 196.16 with a downside target of 194.04. We should have a stop loss in place at 196.62 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 196.16, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for  Toyota Motor Corporation (TM) available here: TM.

TM Ratings for January 11:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	179.37
P2	191.99	189.66	190.64
P3	196.16	194.04	202.88

AI Generated Signals for TM

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Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Toyota Motor Corporation (NYSE: TM) data table below can help you with price action, and we have more details too. Trading plans for TM are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.