Sell Toyota shares towa\rds 162.85. | 25 June 2021

 Toyota Weekly Review

Wave Analysis

During the previous tradi8ing week ending  18th of June, Toyota shares declined steeply and is still pretty much bearish. If you are looking at this chart at the moment, I recommend you keep looking for low risk sell positions expecting the price to rally much lower with the next ideal target set around  162.85. If the price should breakout below this level, then further momentum to the lowerside is expected. And on the other side, in case the price breaks above the previous week's highest high, then further momentum much higher is expected.

Trade Recommendations:

We're temporarily sellers towards 162.85.

GazPromNef Weekly Review

Wave Analysis

During the previous trading week, nothing much happened on the GazpromNef, The price closed just a few pips above its opening price, while the price is held above the Alligator indicator attached, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation off the last impulsive wave (v) to the upperside and should breakout above 434.20 and may extend much higher with the next ideal target set around 450.00 and may extend much higher towards 500.00.

Trade Recommendations:

We're buyers towards 450.00.

SPX500 Weekly Review

Wave Analysis

Despite the fact the price rallied steeply to the lowerside, we are still not sellers on this chart. If you are looking at this chart right now, expect the price to rally steadily to the lowerside but should not extend below the level 4060.8. If the price breaks and closes below this level, then we will be looking for further momentum to the lowerside expecting the price to break below 3950.00 towards 3800. but should not extend any further. If you are looking at this chart right now, wait for a rebound from 4060.8 to pick a possible buy order towards 4305.2.

Trade Recommendations

We're on the sidelines.

Bob Stan
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