VW has been languishing since its "Diesel Scandal", but our chartist has spotted some positives.
VW (EURONEXT:VWA) share price has been languishing since their "Diesel Scandal" but there are some signs recovery may be coming.
In the event the share manages to trade above €163, we calculate an initial ambition up at €177.
In the event the price exceeds this level, our secondary comes in at €198 and visually this will prove game changing for the longer-term.
On the chart below, VW's downtrend in blue defines daily closing prices, rather than daily highs as this appears how the share is being mapped.
This being the case, we can even allow for optimism should the price of VW actually close a session above €159.75 anytime soon.
This will hopefully provide reliable early warning for a period of uphill acceleration.
Of course, there's a fly in the ointment with this scenario as the price need only slump below €143 to give concern as this shall place the share at risk of €117 and below.
Source: Trends and Targets Past performance is not a guide to future performance
Alistair Strang has led high-profile and "top secret" software projects since the late 1970s and won the original John Logie Baird Award for inventors and innovators. After the financial crash, he wanted to know "how it worked" with a view to mimicking existing trading formulas and predicting what was coming next. His results speak for themselves as he continually refines the methodology.
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