Current price at the moment of the idea: 98.50
Levels like 117 and 134 are interesting levels to take profits and repurchase on corrections of -10%
Earnings surprise was 42% which is pretty high for a big company in the automobile sector.
The chart speaks for itself, please read my comments, happy to discuss.
Levels like 117 and 134 are interesting levels to take profits and repurchase on corrections of -10%
Earnings surprise was 42% which is pretty high for a big company in the automobile sector.
The chart speaks for itself, please read my comments, happy to discuss.
Note
as of 15th of August market opened green for VOW3, awaiting for a (relatively high) volume breakout. This will confirm my idea.Note
It is possible to retrace back to the oversold zone of the RSI on the 1H chart for sure 4H chart maybe not, it makes sense to wait for longing at 90 if you're not in the market yet. All depends on how the market is going to open next Monday. Obviously the retracement should be making a higher low and from there we could see a higher high. which means a breakout of the short term resistance. 117 and 134 are still levels to watch for taking profits.
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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.