Upsize potential for VAG (VOW) due to EV sales
Updated
VAG shows potential for doubling its share value in the next year due to EV sales.
Fundamentals:
VAG outplaced TSLA in Europe by sales of EVs in 2022 and has strong momentum which is backed by models ID.4 and ID.3 will continue.
eu-evs.com/bestSellersCharts/ALL/Groups/Line-Cumulative/Year-by-Months/2022
Technicals:
- potential ending C (from ABC) -wave on weekly
- with the potential to end at the top of the channel on weekly - about 400 EUR/share
- 0.382 retracement from the spake in 2008 is at the same 399 level.
Fundamentals:
VAG outplaced TSLA in Europe by sales of EVs in 2022 and has strong momentum which is backed by models ID.4 and ID.3 will continue.
eu-evs.com/bestSellersCharts/ALL/Groups/Line-Cumulative/Year-by-Months/2022
Technicals:
- potential ending C (from ABC) -wave on weekly
- with the potential to end at the top of the channel on weekly - about 400 EUR/share
- 0.382 retracement from the spake in 2008 is at the same 399 level.
Note
SL 130, TP 400 ensures Reward/Risk 2.6 which is a decent one.Graphic scale is logarithmic.
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