ticker: VLVLY
Target: 25.90
It would seem VLVLY broke out of a falling wedge pattern on the monthly with decent volume behind the move up. I did measure the move based on the move from the previous run, as a sort of bull flag. MACD looks like it's crossing bullish. Volvo has a decent history of beating earnings estimates, very good play for growth, in my opinion, also they pay to hold with a decent dividend. I personally will play VLVLY as a long position, dollar cost averaging in a few shares at a time.
**This is not financial advise, I am not a financial advisor**
Target: 25.90
It would seem VLVLY broke out of a falling wedge pattern on the monthly with decent volume behind the move up. I did measure the move based on the move from the previous run, as a sort of bull flag. MACD looks like it's crossing bullish. Volvo has a decent history of beating earnings estimates, very good play for growth, in my opinion, also they pay to hold with a decent dividend. I personally will play VLVLY as a long position, dollar cost averaging in a few shares at a time.
**This is not financial advise, I am not a financial advisor**