VWAGY (Volkswagen) - Weekly
Short term forecast for long term positioning
Looking for a reversal within the coming month & eventual downwards trend towards the DCA zone
Recent news: Volkswagen recently restarted operations amid concerns of actual demand within the global market.
FA: From 2018 to 2019, Volkswagen saw a 20+% increase in yearly net operating earnings generating up to just over $16.9 billion.
As a major player, the company is well positioned to adapt to future automotive trends, given they continue to embrace smart
car innovations. Due to the current global environment and reasonably forecasting decreasing demand for vehicles for at least
the short term, it wouldn't be a surprise to see price action return to the range between 10.65 - 14.51, this area may serve is a
good opportunity for securing some longer term positions via DCA.
Always DYOR & keep risk managed :)
*Disclaimer: The above analysis is an expressed opinion only and should not
be confused as professional financial, investment, trading or legal advice.
Looking for a reversal within the coming month & eventual downwards trend towards the DCA zone
Recent news: Volkswagen recently restarted operations amid concerns of actual demand within the global market.
FA: From 2018 to 2019, Volkswagen saw a 20+% increase in yearly net operating earnings generating up to just over $16.9 billion.
As a major player, the company is well positioned to adapt to future automotive trends, given they continue to embrace smart
car innovations. Due to the current global environment and reasonably forecasting decreasing demand for vehicles for at least
the short term, it wouldn't be a surprise to see price action return to the range between 10.65 - 14.51, this area may serve is a
good opportunity for securing some longer term positions via DCA.
Always DYOR & keep risk managed :)
*Disclaimer: The above analysis is an expressed opinion only and should not
be confused as professional financial, investment, trading or legal advice.
Penafian
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