Volvo Cars, based in Sweden, has announced a remarkable 21% increase in car sales for the month of July compared to the previous year. The company managed to sell 54,165 vehicles during this period, marking the 11th consecutive month of continuous year-over-year growth.
Taking a broader look at the year so far, Volvo has demonstrated impressive performance in...
Lately Volvo has been nice about EMA200.. So why not this time.,
Also Highs on NOV 2020 and the struggle between Jan2th Feb 20th this year, give good basis to also support the Volvo ascelerating up the hill.
RSI in oversold area, where it typically has not been so long time periods, so expecting quick return to upper levels.
PT 238 .. near all time high
SL 213 ...
ticker: VLVLY
Target: 25.90
It would seem VLVLY broke out of a falling wedge pattern on the monthly with decent volume behind the move up. I did measure the move based on the move from the previous run, as a sort of bull flag. MACD looks like it's crossing bullish. Volvo has a decent history of beating earnings estimates, very good play for growth, in my...
Last two trading days VOLVO_B had some profit-taking from 155.15 critical swing zone. But the market already breaks out the descending channel from 2018. So there is another good chance to up technically to 155.15 zones again, till it breaks below 144.40 critical support zone.
Market closing rate 150.55 and it is still above the descending channel level. As...
Hey tradomaniacs,
great chance that we are facing now!
WHAT A CRAZY Risk-REWARD-Ratio! All I`m concerend about is the fact that VOLVO-Stock seems to love the October!
If we break out of this pattern - DAMN BUY!
As soon as we bounce off that double-resistance it`s more likely that we`ll see the market going down!
Type: Swingtrade
Stop-loss: 163,-
Sell: ...
