After the breakout of the price through the descending trendline, price moved constantly up and bounced back on the upper line of the ascending trend channel. Two days ago, the price just responded to lower trendline of the channel and is probably going to continue this bullish movement, heading for the upper trendline where it is likely to reverse its direction again.
uptrend.... correction has ended at 50-61.8 fib ret ... descending tl is broken and a minor pivot too ... buy.... sl and r/r is very nice
After great financial results for 1Q 2017, I see VW may hit 160-170 region easily. And they also developing electric cars, and using "American punish money" to build electric charge stations.
VW surprisingly (taken into account the VW Diesel cheating) did well last year. I saw no reason in this quarter concerning something bad in VW sales. Besides market is slowly forgetting about Diesel Gate. it seems that VW 1Q results to be good and therefore I see a potential price increase to test the height of 156 EUR.
Possible move up after retracement to FIBO 68.1. I place buy order a litte lower.
Price can go up to 138-140, than it would nice area to buy again. VW is selling a lot of cars, achieving the price of 160 is a matter of a time.
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) Best regards :) Aaron
A bearish pattern for the deutch. i'm really hope the share go very very down. see the divergence in rsi tp usually for the butterfly stop loss around 163.532. if you agree write
VW is the 5th largest DAX titel with a market capatilization of about 77 Mrd. @ the moment. VW is working his way up to close the Gap@ 162,40 I do not think this will happen directly but after a short pull back the chances are very good. And if VW is able to close the GAP there are further targets up North which will push DAX closer and above his ATH @...
its under resistance ... im waiting for entry to buy position after breaking of blue trend line
This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... .zip (with PDF`s) @ my Google Drive drive.google.com 4XSetUps for next week - friday close (DAX 30 Index & all shares) Best regards :) Aaron
The DJIA is ready to cross the 20k. The last up move is caused by industrials taking the lead from financials. On Monday have a look for same at Germany´s automaker Volkswagen for a spike to the upside pushing Grermany´s DAX unexpectedly higher. This Rotation could cause another spike for the DAX to the upside. The DAX is now closing in for 2015th All Time High.
Looking at the strong sales numbers, weak EURO, it seems that the VW would try to close the gap.
Don't know what will happen (you know, news are shown on chart before it's arrive), but for me look like this is a flat move (primary count) to the down side and there is a triangle in the middle. Triangle in the B move... C will be complex and will take at least 5-6 months. Triangle always the penultimate move on their context... In case context is correct and...