Volkswagen: breakdown short!
Indicators suggest that there is a massive decline we don't see in the markets yet. If we have a look to the downside of the chart we can go to at least 127 euros. The stock was overbought and the news that the European Commission is going to punish the German car makers is worser than the market thinks at this time: the history shows a small recovery and less amercement than expected. In these charts I will give you more information about this trade.
Transaction en cours
I bought this short @ 1,51. DE000CX82KC6Note
The indicators signal a further decline! Note
With the end of the increasing price, the momentum is going to set from positive to negative. Note
The long term momentum is positive so most investors believe in a recovery of the share price, but it's not. Note
The stronger euro/dollar is a catalyst for further declines and also for the Dax! Trade fermée: cible de profit atteinte
I took some 35% profit of the decline ;)
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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.