Due to the strong rise over consecutive days, it significantly broke above the 200-day moving average the previous day. As it is exceeding the +3σ of the Bollinger Bands, there may be concerns of overheating; however, the adjustment trend that peaked at the March high of 3,891 yen has clearly turned favorable. Since it has risen above the 52-week line, there seems to be strong buying interest in waiting for a dip focused on the March high.
トヨタ自---短期過熱も3月高値を意識
Toyota has been aware of the short-term overheating, even as it approaches the March high.
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.