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The_Cannalyst

Anticyclical LongChance?

Long
VOLKSWAGEN AG ST O.N. (XETR:VOW)  
The_Cannalyst Updated   
XETR:VOW   VOLKSWAGEN AG ST O.N.
Support and Resistance Trend Lines Economic Cycles
17
0
supportandresistance trendline economiccycle

Anticyclical LongChance?
If VW could break the shortterm downtrend a further buyingwave up to 150 respective 158 could be exspected.
Trading below 35 would destroy the up-momentum. Here i exspect a sharp drop down to 123/116
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watch the RSI!
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it is getting very dangerous! We nearly reached the pivot support level - a mix of the longterm-uptrend and the last significant lows....breaking that level would be technical fatal....let´s see
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