The 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...
$VLKAY has triggered a monthly breakout from a massive accumulation base, and after a good pullback into earnings support, flashed a buy signal for us, in the monthly, weekly and daily timeframes. Such an opportunity is not to be missed! Let's enter longs at market open gradually over 3 days, aiming to build a 14% position. The stop loss orders are not required,...