Volkswagen sqeeezed out long before Tesla :DSqueeeeeze reaction between Volkswagen and Tesla.
Volkswagen sqeeezed out long before Tesla did.
Financial crisis 2020 we welcome you again.
Take care
VOW trade ideas
VOW - WEEK CHARTVOW - Volkswagen AG
Hi, today we are going to talk about Volkswagen AG and its current landscape.
Volkswagen AG it's poised to gain traction on the market since Tesla today has shaken the European auto markets by announcing that it has chosen the region of Berlin in Germany over the U.K to be the new engineering and design center site. A big step for the company that until now had to rely on a single plant in Fremont, California, to sustain the whole Tesla produce chain. The new Tesla factory should become fully operational only in 2021, according to Musk estimates.
The establishing of Elon Musk company on European soil sets a significant threat to the European automakers, which can be seen in a type of allegory represented by the Golden Steering Wheel award that Musk received in Germany yesterday. The prize was due the Model 3 been elected the midsize car of the year, beating the BMW and Audi models. We must remember that several countries on the European Union like Norway, Germany, France, U.K, Scotland, Netherlands and Ireland, have been making efforts to drastically reduce its using of fossil fuels cars, as an effort to diminish pollution. With the expansion of Tesla manufacturing network, with possibilities of more accessible prices, Tesla that it's already ahead on the electric car race will have the upper hand on the sector, and it might weaken its European competitors.
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VOW3 D - BearishDears,
please, be informed we are waiting for the price till close below our area and then we can sell it with safety.
God knows
Good luck and take care.
WHERE WILL VOLKSWAGEN GO? $VOW3Price rejected the 160 resistance line.
We are now in the blue zone, where price action is telling, that the price will probably move to the south.
Target is the 137 area.
Automobile manufacturing business is sufferingMajor automobile manufacturers including Maruti Suzuki India, Hyundai, Mahindra & Mahindra, Tata Motors and Honda on Sunday reported a high double-digit decline in their sales in August as the Indian auto sector continued to reel under one of the worst slowdowns in its history.
It looks like there is no reason for the reversal yet...
VOW3 Short (Swing trading opportunity)The Volkswagen stock is great for swing trading. Just wait for reaching resistance and hits support again. After that, look for confirmation and the game repeats itself.
Warning: Patterns tend do repeat itself, they don't have to!
Happy trading and good luck.
Volkswagen: Possible long opportunitySupport fractal at lower BB, bullish divergence and alligator curling upwards indicate long opportunity. SL below swing low and /or below lower BB.
Short Term price move in VolkswagenGooday people,
as you can see on my chart, the VW share built a downward channel facing the support line of previous levels.
From here we can take a quick 0.5 to 1% gain trading a long position.
RSI looks promising.
Lets see how it rolls out.
cya.
Always trade on your own analysis.
Shorting a German Stock, Autos under preassureAutomakers are under pressure. Trump has been alerted by the US Commerce Department that imported cars pose a security threat to the US economy. We wonder what he will do about it. This will inevitably have a negative effect on Japanese and European automakers as vehicle exports play a large role in their respective economies.
Volkswagen AG (VOW)
This stock has been in a sideways consolidation for more than 3 quarters now. It is trading below the 200day EMA and is a stock in play due to its fundamentals. In September 2015 during the emissions scandal in the US the stock fell more than 63%. If the US will raise tariffs the fall will be enough to drop the price to the light blue trend line and beyond. Also the fact that the German economy is slowing, will add additional pressure to the stock. All signs point to a short entry.
Target 1: 140 Target 2: 135 Target 3: Hold sell position until reason to liquidate
VolksWagen AGVolkswagen down side.
On the Technical Analysis approach, I'v given two scenarios on how it might develop in the near future, but remember the chart is a long term forecast.
We'll see how it goes..
VWAGY Approaching Resistance, Potential Reversal!VWAGY is approaching its resistance at 17.908 (61.8% & 100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse down to its support at 15.791 (61.8% Fibonacci retracement, horizontal swing low support).
Stochastic (89, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.
