Long
Volkswagen - VLKAY - Daily - Turned up from oversold
GM is leading the way up for Volkswagen (VLKAY).
Yesterday, Volkswagen announced its entrance into the EV market with a Porsche 911 model due in 2019.
Even though EV won't move the needle on VLKAY's giant income statement and balance sheet.
Either way, VLKAY hasn't made a new low in over a week and CCI has turned up from oversold (from -100 to over 0) and it looks poised to shake off the "China worries" that have kept it from rebounding.
Target $40, stop $36.50, $37.69 last.
Tim
11:49AM EST 9/15/2015
Yesterday, Volkswagen announced its entrance into the EV market with a Porsche 911 model due in 2019.
Even though EV won't move the needle on VLKAY's giant income statement and balance sheet.
Either way, VLKAY hasn't made a new low in over a week and CCI has turned up from oversold (from -100 to over 0) and it looks poised to shake off the "China worries" that have kept it from rebounding.
Target $40, stop $36.50, $37.69 last.
Tim
11:49AM EST 9/15/2015
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Subscribe to my indicator package KEY HIDDEN LEVELS $10/mo or $100/year and join me in the trading room KEY HIDDEN LEVELS here at TradingView.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.