A few days ago Porsche Holding presented their earnings and today we will find out if this company is a good buying opportunity, or not.
Buying points:
-close to a break out above the triangle
Indicators:
-> strong support in the 88.96 area (->fib 0.618)
-> hit the SMA 100 several time
-> relativ % divergence between VW shares which indicates a gap upwards (orange line)
Selling points:
-couldn’t stay above the 100 SMA
-MACD weekly, monthly indicate slow down
Fundamentals
-great earnings (estimates 4,3 -> got 8)
-Volkswagen EV (electric vehicle) trend
Conclusion
The technical analysis gives us too little information about the further course of events. But the fundamental data gives us a clear tendency where it is going, namely upwards, because the Porsche Holding gives you the VW shares more cheaply than to buy them directly. Looking at the orange line both share acted same where as now there is a gap to fill. Therefore, I want you to know that you are not buying the brand Porsche but also VW and other companies shares.
Buying points:
-close to a break out above the triangle
Indicators:
-> strong support in the 88.96 area (->fib 0.618)
-> hit the SMA 100 several time
-> relativ % divergence between VW shares which indicates a gap upwards (orange line)
Selling points:
-couldn’t stay above the 100 SMA
-MACD weekly, monthly indicate slow down
Fundamentals
-great earnings (estimates 4,3 -> got 8)
-Volkswagen EV (electric vehicle) trend
Conclusion
The technical analysis gives us too little information about the further course of events. But the fundamental data gives us a clear tendency where it is going, namely upwards, because the Porsche Holding gives you the VW shares more cheaply than to buy them directly. Looking at the orange line both share acted same where as now there is a gap to fill. Therefore, I want you to know that you are not buying the brand Porsche but also VW and other companies shares.