Lower Highs in a weekly chart and the widening out of the Bollinger Bands are a signal for a movement downwards.
First target at horizontal support at 130 Euro.
Both MACD and RSI are confirming a bearish view.
See you soon with new trading ideas,
Until 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,...