Overbought short-term, likely 20% retrace Short

VOLKSWAGEN AG VZO O.N.SWB

Description

⋅ Mar 16, 2021 1:46 PM

RSI shows extremely overbought on the daily. No real support until around 160 EUR. In the current markets news cycles have very short term effect so latest earnings likely to fade out of memory very quickly. 20% retrace likely.