I believe that it will reversal from this level and will move out from this downtrend line .
Perhaps new ATH in the future from here due to triple peak
The criteria for a full pullback has been met:
ABC Zigzag
3 waves down on wave C
Divergence on the end of wave C
50% retracement from wave 2
100% extension on waves A-B
I expect a rebound from the yellow area, and will enter a trade after minor waves 1-2 are formed and broken.
Volkswagen E-Mobility is stil valid even after the hype.
Now, the hype cooled down, which makes it possible to start with investement in Volkswagen again. New highs possible in the next month, but with a slower pace than in the past. It is possible that we see a sideward walk now.
Volkswagen still pushes its stock price... A breakout is also possible.
Entry...
#Volkswagen(VOW)--> Small demand zone @212-206(Base), daily and hrly demand zones are @197-190 level... Look for long if there is strong green candlestick pattern forms in 197-190 zone
Volkswagen stock falls to a new area, where I can start with buying them... But MACD shows still to much weakness.
So patienctly waiting for the up signal, but should be an interessting investment then.
Volkswagon is set to soar as the EV sector recovers and grows hotter in 2021. Here are some fundamentals that look great:
Rising Profits
Rising Assets
Rising Sales
Low PS Ratio
Low Debt to Assets Ratio
Like and Follow :) Good Luck!
EV stocks compared to Volkswagen - Nio, Tesla, Li Auto, Workhorse Group, Kandi Technologies, Arcimoto, BYD
Volkswagen recently drew attention with its plans to compete in the EV market, and investors bought into the news. Look at a 2021 daily chart, and it is striking that seven popular EV stocks are all negative for the year. These stocks made sky-high gains...
