VW is exhausted and need some retracements. The bigger Picture is good - so lets see how far the retracement will come and if we could stop at support level for long positions. Short term short, longer term slidely long.
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...
Price can go up to 138-140, than it would nice area to buy again. VW is selling a lot of cars, achieving the price of 160 is a matter of a time.
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) Best regards :) Aaron
This 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
Looking at the strong sales numbers, weak EURO, it seems that the VW would try to close the gap.
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) Best regards Aaron
Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) Best regards Aaron
Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) Best regards Aaron
Until 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,...
VW 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...