Volkswagen - soon ready for the next bullish period (?)
Today I will look at Volkswagen (VOW3).
VW has had a very tough period especially with the transition to building electric cars and uncertainty especially with european legislation and market regulations. (not a complete fundamental analysis, please search for more fundamentals elsewhere!)
My Elliott wave perspective tells me that we are closing in on a potential pivot point from where the share price could easily double and this could provide us with an excellent trading opportunity for the next years.
VW has had a very tough period especially with the transition to building electric cars and uncertainty especially with european legislation and market regulations. (not a complete fundamental analysis, please search for more fundamentals elsewhere!)
My Elliott wave perspective tells me that we are closing in on a potential pivot point from where the share price could easily double and this could provide us with an excellent trading opportunity for the next years.
Note
I´m not happy with the white count as the wave 4 is overlapping and entered the price range of wave 1 in white. Maybe a chart with more historical data could have allowed me to correct this.
Note
We could also deal with a double 1-2 setup for a wave 3 extension. VW had its IPO in 2001 but the company is much older and previous market data can not be taken into account for this chart analysis. If we indeed will see a wave 3 extension then prices will rally quite a bit in the future.
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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.