Share of Toyota (TM) have been rallying sharply since making a low on the year around 104 in July. After closing above 120 last week, I think TM will slow down soon as it approaches the common resistance around 122-123.Toyota Motors (TM) Daily Chart(click to enlarge)Resistance: - As we can see on the daily chart, there is a common resistance around 122.- The market is more or less sideways, so we should respect the key resistance. Bullish Bias:- Now, there is a slight bullish bias since the lows in 2017 are higher than the lows in 2016. This shows the market might be neutral-bullish, not just neutral.- So, we should first anticipate resistance around 122. Then, if price can hold above 115-116, and come back up to test 122 again, I would anticipate an eventual bullish breakout.- The first key resistance after a breakout will be around 127.50-128.