Rejected at BLUE upper trend line on Oct. 1st.
Holding 20DMA for now.
No strong breakout to either side from wedge pattern.
If we break through the 200DMA/Upper RED trend line -> look out for support by the lower RED trend line.
Beyond the chart:
Valuation still extended, fewer cars delivered in Europe QoQ, competition gained market share, earnings this year look like they will be a one hit wonder made possible by the sale of credits, still no S&P inclusion,...
Holding 20DMA for now.
No strong breakout to either side from wedge pattern.
If we break through the 200DMA/Upper RED trend line -> look out for support by the lower RED trend line.
Beyond the chart:
Valuation still extended, fewer cars delivered in Europe QoQ, competition gained market share, earnings this year look like they will be a one hit wonder made possible by the sale of credits, still no S&P inclusion,...