Trading idea: Volkswagen AG (XETRA)

12.11.2021

Market Review

#VOW3

The descending wave pattern is truncated. A bullish divergence has formed on the Awesome Oscillator, while the Stochastic Oscillator signals oversold conditions. The support level of 182.20 holds back the sellers.

Trading idea:

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

Stop Loss: below the support level of 182.20.

Target levels: 195.36; 207.80.

Author: GC

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