Rationell

Volkswagen - long term bullish case

Long
SWB:VOW3   VOLKSWAGEN AG VZO O.N.
Volkswagen $VOW3 has bounced aroung the fib 50 level from prior top. If this is a AB=CD harmonics pattern in the making we should aim for 330. SL if we break below prior bottom in the trend channel. The bounce at ~156 also coinsides with a market profile LVN area. Temporarily ovsrbought (stochastics). But for the long term there seems to be good risk reward to this trade.
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