TM PE ~7.5. PB ratio 0.97. And building EV factory in China that is going to produce 100k EVs per year? 35b investment into EV. Also working on solid state batteries. And so on.. Very strong, very undervalued brand. Even Chinese prefer Toyota. It will boom. Good value investment looking 5+ years. I am starting to buy the dips this year. First entry 178. Next 170, 160 and so on.. Holding 5+ years.
7203 is the falling resistance line is broken, a bullish continuation is likely to follow. If the 0.5 fibonacci level (base of the triangle) is broken with huge momentum, a bearish continuation is inidcated by that.
Looks like a turn to me! TM has the potential to come in late and takeover the EV market. And haven't they been working on robots and things for like a couple decades... Anyone know where is their R&D these days?