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Trading idea and technical analysis for Volkswagen AG #VOW3

22.09.2022

Market Review

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.

Author: GC
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