Upsize potential for VAG (VOW) due to EV sales
VAG shows potential for doubling its share value in the next year due to EV sales.
Fundamentals:
VAG outplaced TSLA in Europe by sales of EVs in 2022 and has strong momentum which is backed by models ID.4 and ID.3 will continue.
eu-evs.com/bestSellersCharts/ALL/Groups/Line-Cumulative/Year-by-Months/2022
Technicals:
- potential ending C (from ABC) -wave on weekly
- with the potential to end at the top of the channel on weekly - about 400 EUR/share
- 0.382 retracement from the spake in 2008 is at the same 399 level.
Fundamentals:
VAG outplaced TSLA in Europe by sales of EVs in 2022 and has strong momentum which is backed by models ID.4 and ID.3 will continue.
eu-evs.com/bestSellersCharts/ALL/Groups/Line-Cumulative/Year-by-Months/2022
Technicals:
- potential ending C (from ABC) -wave on weekly
- with the potential to end at the top of the channel on weekly - about 400 EUR/share
- 0.382 retracement from the spake in 2008 is at the same 399 level.
Note
SL 130, TP 400 ensures Reward/Risk 2.6 which is a decent one.Graphic scale is logarithmic.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.