Volvo testing the 200 EMA.. Long on this
Lately Volvo has been nice about EMA200.. So why not this time.,
Also Highs on NOV 2020 and the struggle between Jan2th Feb 20th this year, give good basis to also support the Volvo ascelerating up the hill.
RSI in oversold area, where it typically has not been so long time periods, so expecting quick return to upper levels.
PT 238 .. near all time high
SL 213 so 1 ATR under current candle bottom
Also Highs on NOV 2020 and the struggle between Jan2th Feb 20th this year, give good basis to also support the Volvo ascelerating up the hill.
RSI in oversold area, where it typically has not been so long time periods, so expecting quick return to upper levels.
PT 238 .. near all time high
SL 213 so 1 ATR under current candle bottom
Note
.. the 7% decline was due semiconductor shortage.. Meaning 2-4 week shutdowns on production locations.Well.. If there's a company or person buying Volvo.. they will wait and this will pump up demand for the Q3. Not affecting the whole year result.
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