Trading idea and technical analysis for Volkswagen AG #VOW3
The ascending truncated wave structure ended with the breakdown of the inclined channel. The Awesome Oscillator indicator shows a bearish divergence, and the Stochastic Oscillator moving averages are out of the overbought zone. The stock is trading in the 365 and 135 moving averages range.
Trading idea:
Sell on a breakout of 143.63.
Stop Loss is at 153.33.
Target levels are 137.80 and 125.00.