It appears that the markets of countries/economic zones that have recently struck trade deals with Trump are breaking bullish. One example is Europe, with the Europe STOXX 600 looking for new highs.
The Japanese stock market (NIKKEI) has been even more bullish, which makes sense since Japan’s deal with Trump took place earlier.
I am not interested in buying these markets, but it does open up the opportunity to look for components within that have interesting charts. One such item is Toyota (TM), which appears to be breaking out of a bullish chart pattern. The caveat here is that I’d like to see higher volume on the breakout, but it bears watching (if you’re even interested).
The weekly chart shows a measurement to 233. Risk managed to suit on a failure of the breakout.
Just a light duty, low priority update on a global stock during an otherwise difficult market day which is raising my risk management. Man stares at chart and all.
NFTRH+ trade setup ideas are presented for consideration and further research only, not as recommendations. I may or may not personally take positions in all or even most NFTRH+ ideas, as it would depend on my portfolio composition at any given time. “Stop loss” and target levels are usually noted and should be respected.
