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.
Uwaga
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.
Uwaga
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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Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.