Long
Volkswagen - VLKAY - Daily - Turned up from oversold
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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Subscribe to my indicator package KEY HIDDEN LEVELS $10/mo or $100/year and join me in the trading room KEY HIDDEN LEVELS here at TradingView.com
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.