VOW 3: VOLKSWAGEN AG:
Our expectations: Shares of the auto giant keep their upward trend although it consolidates. Consolidation gives us new places for new positioning with new lobbies.
Alternative scenario: If price moves below 137 then it will change to bearish formation. Then we will move our direction to a short.
Коментар: mid-term trend keeps bullish
Gap on the breakthrough - a strong bullish signal
Price above the moving averages ordered in a bullish formation - a long movement
Hammer on the first support levels around 142.36 - bullish signal
For a better positioning we can wait for a price around 143.00 EUR.
Stefan D. Angelov - Head of Stocks Trading
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