Toyota Motor Corp

TM is experiencing a Lockout Rally characterized by large green candles and forced participation, with price extended above the 9, 21, and 50 EMAs and pressing into 200 DMA resistance. Medium-term structure is bullish with rising EMAs and higher highs/lows, while overbought readings are disregarded under Lockout Rally dynamics. Execution is justified now to capture continuation momentum.

• ↑FY26 operating income ¥3.8T on 9.6M vehicle sales demonstrates resilience
• ↑Electrified sales 5M units (46.2% of mix) meeting EV demand
• ↓Analyst revisions negative, indicating eroding earnings forecasts