Toyota Motor Corp

In a Stage 2 corrective reset within an uptrend, TM is powered by an active Lockout Rally driven by short covering, with rising EMAs providing support. Medium-term bias remains bullish as HH/HL sequence resumes above the June low, and short-term timing is favorable under the Lockout Rally override despite overhead resistance. Execution is Buy Now on shallow pullbacks into the rising 9/20 EMAs for continuation participation.

• ↑47% of U.S. sales are electrified; sold 5M units first time.
• ↑Invested $3.6B in San Antonio plant to boost Tacoma output.
• ↓Operating income forecast down from ¥3.8T to ¥3.0T for FY.