VWAGY
VWAGY Volkswagen a real Tesla competitorIf you haven`t bought the dip of my first idea, at $141:
Or you haven`t seen the sales comparison of these giants:
Then you should know that Volkswagen could surpass Tesla in electric-car sales as soon as next year.
If the market were to apply multiples similar to Tesla and Nio Inc. to VW’s battery-electric vehicle business, it would be worth about 195 billion euros ($230 billion), more than all of the company is worth now, analysts led by Tim Rokossa wrote in a report Monday. They lifted their price target for VW shares by 46% to 270 euros. (bloomberg.com)
The indicators are bullish on all timeframes!
If you are also interested to test some amazing BUY and SELL INDICATORS that i use, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
OVERALL LONG - FACTORY ROOF CYCLES - VOLKSWAGEN AG - VWAGY - 1HThank you for your likes and shares! Really appreciated!
________________________________________________________
VWAGY stock price shows interesting patterns. Here we will focus on them rather than volumes.
The grey square gives you an overview of the probable overall behave of this stock price. Think at the "roof of a factory" as an image. Goes up slowly for long time, then suddenly falls in a very steep angle.
Beware: Probably with this stock the volumes doesn't really reflect in the price action. We have noticed recently some huge volumes but no real movement in price.
Overall, even if we might notice a retreat, the price has possibly entered in a "long" direction cycle again. The target is the top red line.
Under the actual price, the green line shows the potential realistic uptrend, therefore, the probable best place to enter from for a long direction investment. Is is a strong line, so if it breaks, probably people holding losing positions could use the blue line as an exit point.
End of the Tesla-Age, welcome to the Volkswagen-AgeThe spread of Volkswagen over Tesla, which was in a downtrend for a long time, now strongly reversed. Shorting TSLA and buying VOW could be the modern way....
VWAGY Approaching Resistance, Potential Reversal!VWAGY is approaching its resistance at 17.908 (61.8% & 100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse down to its support at 15.791 (61.8% Fibonacci retracement, horizontal swing low support).
Stochastic (89, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.
