Volkswagen: Expected To Test Its Support Level At Approximately 180-182
Today’s instrument is the Volkswagen AG‘s stock traded on the Xetra exchange under the ticker VOW and (VWAGY) in New York.
Image: VW.com
Looking at the VOW‘s chart, we can see a sharp fall from the €191 range to below €184 due to the debut of the Porsche AG.
Today we could expect it to test its support level at around 180-182, and if it cannot pass it, then an upward reaction should be expected towards the level of 188-190.
More By This Author:
Paychex: Expected To Rise Towards Its Resistance Level At Approximately $116
GBPUSD: Can Be Seen Dropping Towards Its Support Of 1.0650
EURUSD: Expected To Further Rise Towards Its Next Resistance Level At Approximately 0.98
Disclaimer: Trading is risky. Information presented herein is not to be construed as a solicitation or an offer to buy or sell any Financial Instrument or to participate in any trading ...
more