OVERALL LONG - FACTORY ROOF CYCLES - VOLKSWAGEN AG - VWAGY - 1HThank you for your likes and shares! Really appreciated!
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VWAGY stock price shows interesting patterns. Here we will focus on them rather than volumes.
The grey square gives you an overview of the probable overall behave of this stock price. Think at the "roof of a factory" as an image. Goes up slowly for long time, then suddenly falls in a very steep angle.
Beware: Probably with this stock the volumes doesn't really reflect in the price action. We have noticed recently some huge volumes but no real movement in price.
Overall, even if we might notice a retreat, the price has possibly entered in a "long" direction cycle again. The target is the top red line.
Under the actual price, the green line shows the potential realistic uptrend, therefore, the probable best place to enter from for a long direction investment. Is is a strong line, so if it breaks, probably people holding losing positions could use the blue line as an exit point.
