Vw
[VW 10% LONG] Buy Alert w/ Spectro™ M This is a signal using Spectro™ M
The blue background means a reversal zone.
Now it turned green, which means a bullish trend is beginning.
Also, we see many of those "GREEN TRIANGLES" which mean that Spectro™ M confirmed a consensus on more than 20 indicators.
So after this long downtrend and since we are close to a strong support around 32.5, those are 3 good sings for a long.
We just had the buy alert on the weekly trigger, which means it's a solid buy, so we can expect bullish movement.
Targets around 2-3% and 7-11% from entry.
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VW is a good way to celebrate the European in youThe trendline is being followed closely for this American version of the European Automotiv Manufacturer stock. If it retraces just a little more it would be easier to assume the stock price would soar to the 1.618 fibonacci level. The only problem with that valuation is the industry of this successful company. In Warren Buffett's book about what he looks at when deciding whether a company is a good investment, he clearly identifies the high overhead of manufacturing automobiles. The machinery that it takes to make the cars changes every year, and the competition may be the fiercest of any industry. This adds a lot of cost to the companies that operate in this stressful industry. That being said, many of us are biased in favor of VW. The company and it's cars and vehicles are a part of our history. My family members work for this company. Buy what you love is a good strategy with this European stock. There is much upside and still some downside possibility. This is a cheap price though, assuming it could make it's way to 2X this price. Stops need to be in place in this marketplace, because nothing is certain. Except for death and taxes. My family has approved of the newer models and that is enough for me. Liking this trendline bounce but wanting the huge extension; and skeptical of the automotive industry stocks as anything but BUY and Hold.
Volkswagen to hit the several year trend line on the weekly soon
I would suggest a buying opportunity at around 145€ with a stop at around 132€.
There is still a bit of downside from now cause all of the trouble with the car producers, stock build up and the chart. So let it come down for another 10% and than i will hit the button with a first TP at around 180€.
May the markets be with us
Volkswagen long entryBased on previous touches this support line has held 8 times when price touched it.
One time it failed and took around 9 weeks to recover,
the fact that price moved back above the line is more proof to me that the line is valid.
Like in the past there is a reasonable chance that price will wick down maybe 5-6% and still recovers afterwards.
Keep this in mind when placing your stop.
I will enter a spot long position here and am prepared to add to it if it wicks down near the horizontal line.
Disclaimer:
This is me experimenting with trading and sharing my charts.
I am not a proven profitable trader so take that into account.
If you have questions or advice please let me know.
BMW - VW (Correlation)Comparing the BMW chart to the VW chart it is striking that both price developments are strongly correlated to each other. Given the current spread between the two price changes in percentage, determined by using the closing price of the first day after going public, subtracting it from the current stock price and then subsequently deviding it through the first closing price, this offers us to greatly take advantage of their correlation. Obviously, it is likely that both prices are going to cross again in the future which means that all we have to do is shorting the BMW stock and buying some VW stocks in order to benefit from the decreasing spread between both prices. If we now charge both positions with the same amount of money and then close them when prices cross again, we are going to end up with 16.43% in profit.
VOW3D @ daily @ highest H/L-Range (all 30 dax shares) while 2017This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
.zip (with PDF`s) @ my Google Drive
drive.google.com
4XSetUps for next week - friday close (DAX 30 Index & all shares)
Best regards :)
Aaron
VOLKSWAGEN @ daily @ BreakedUp of (15 month old) triangleUntil the market VOWD trading between MONSTER GAP of 143.55 & 160.20 (sep`15) again traders have still to overcome only one hurdle. The MINI GAP between 141.40 & 142.45 (which was created between last trading day `15 & first trading day `16) & 1st Quartal`16 high (139.35).
All in all VOWD got a flat year 2016!
And therefore have a argusauge on the downside, that the breakout confirms :)
Yesterday moday close was 139.55 VOWD
139.35 1st Quarter`16 high
137.50 3rd Quarter`16 high
136.60 4th Quarter`16 high (before breakout)
134.25 & 133.35 little JULY GAP
1133.50 & 132.75 little NOVEMBER GAP
132.55 & 129.45 little JUNE GAP
130.70129.40 little JUNE GAP
need to be defend - to get enough power - to rise into MONSTER GAP back again (while 1st quarter`17).
Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
Best regards
Aaron
VW Accumulating before Making new LowsVW is far from its ATH. Since mid 2015 the stock has entered into a downwards spiral, yet another one, after an insane drop in 2009. Currently price is correcting, but just waiting to break through the marked fractal support and possibly establish new lows. The time between 2009 and 2015 was not full of upside momentum taking prices significantly higher. It seems it was nothing more than a small breather that won't last. Let's see if that holds true and VW will go as low as it's been in 2010.