Timonrosso

Toyota formed a Box Formation with target to 176.11 - WARNING

Panjang
NYSE:TM   Toyota Motor Corporation
Box formation has formed over the last couple of months with Toyota.
We have had the range show higher lows, showing a bullish bias.
7>21>200
RSI>50
Target 176.11

WARNING
The price action and liquidity is not very high with this chart. We are seeing a ton of gaps and volatility which is not conducive for trading.
Either we need to risk little or really widen that stop loss to avoid unnecessary jumps to hitting it too soon.

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Penafian

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