Trading idea for Volkswagen AG (XETRA)

#VOW3

The overall trend is upward. The stock is trading in the range of 365 and 135 moving averages (EMA). Awesome Oscillator shows a bullish divergence, and Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the descending pattern.

Stop Loss under the local minimum of the descending pattern.

Target levels: 233.50; 248.00.