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Toyota is not out of the woods yet

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TSE:7203   TOYOTA MOTOR CORP
Toyota has one more leg down to major support zone at 6209-6263 before a stronger rally occurs. Reason? First, the formation of evening star at 123.6% extension level indicate a false breakout. And prices close at the major support level. As such, there is a strong desire for Toyota to test lower lows.
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