Toyota

Interesting how the chart is playing out with the crisis for them. Some might say buy the bad news. For long run maybe, but for the short run there is nothing on the chart saying to get long, except for the volume at the lows, but that along isn't a good case in my view. Public perception of the company has been permanently damaged for a long time...I can't see any scenario where their earnings aren't impaired for anything less than a year, probably longer.

On Weekly it's playing with that intermediate uptrend...not a clear break yet. Red line is monthly and weekly high...a move above that should make any shorts really question their position. RSI and MACD negative, but also not extremely so. 20 EMA starting to cross under the 50 SMA. Would want a clear break to really think about a short, but then risk-reward probably won't be as good. If aggressive could short against the weekly/monthly high to get good positioning for a break.

Daily:
On daily uptrend looks a lot more more like it was solidly broken, and now on a retrace. RSI went negative now bounced back to 50. 50 SMA right at the 200 SMA, looks like it'll cross under. MACD heading up towards zero line, but not there yet. 20 SMA turned up.

I'm a strong believer in muddle through and a multi-year deleveraging cycle, which will put pressure on all the car makers.

Short squeeze - only 0.5 days to cover shorts, so not much short interest...pretty surprising

Verdict: Some conflicting signals but stronger sell than buy. Could scale in small amount here but want either higher price or downside confirmation to be aggressively short.

Earnings on May 6.