GM is leading the way up for Volkswagen (VLKAY).
Yesterday, Volkswagen announced its entrance into the EV market with a Porsche 911 model due in 2019.
Even though EV won't move the needle on VLKAY's giant income statement and balance sheet.
Either way, VLKAY hasn't made a new low in over a week and CCI has turned up from oversold (from -100 to over 0) and it looks poised to shake off the "China worries" that have kept it from rebounding.
Target $40, stop $36.50, $37.69 last.
Tim
11:49AM EST 9/15/2015
Yesterday, Volkswagen announced its entrance into the EV market with a Porsche 911 model due in 2019.
Even though EV won't move the needle on VLKAY's giant income statement and balance sheet.
Either way, VLKAY hasn't made a new low in over a week and CCI has turned up from oversold (from -100 to over 0) and it looks poised to shake off the "China worries" that have kept it from rebounding.
Target $40, stop $36.50, $37.69 last.
Tim
11:49AM EST 9/15/2015
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