Vwlongterm
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.