The VW share has had a difficult stand on the stock exchange for almost four years. In December, the car title had to cope with a new step in the course of this downturn phase. At EUR 78.86, even the Corona low (EUR 79.38) was undercut. Thanks to the subsequent recovery, investors can assume a failure on the underside. As is known, one of the oldest trading wisdom is “False Breaks Are Followed by Fast Moves”. A quick countermovement is favored by the inverse shoulder-head-shoulder formation of the past few months (see chart). The recent sprint via the horizontal barriers at around 99 EUR completes the lower reversal and now opens up a calculatory connection potential of around EUR 20. In the long term, more than sufficient to target the next massive resistance zone from the various high and low points at EUR 115 and the downward trend since April 2022 (act. At EUR 117.21). In order not to suspend the discussed trend reversal, in the future it is necessary to no longer fall below the 38-week line (act. At EUR 95.21).
VW Vz. (Weekly)
Source: Refinitive, Tradesignal² / 5-year-old in the appendix
5-year-old VW VZ.
Source: Refinitive, Tradesignal²
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