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Volkswagen Vz – New wave of purchases seems to be underway!

4


The Dax opened yesterday above the resistance at 13,300 points. However, the buyers could not prevail.

In the last week of trading, the Dax formed a small bottom below around 13,100 points, which was completed on Wednesday with the upward breakout. Unfortunately, the index then went into a new consolidation. A first attempt at a rally failed yesterday. Although the Dax opened above the resistance level at 13,300 points, it fell below it again during the course of the day. At the closing bell, the Dax was quoted in the area of ​​the Friday closing price.

In the middle of the range! Yet again!

The Dax went out of trading yesterday in the middle of its consolidation between approx. 13,300 and 13,100 points. A test of the lower support zone would be possible in this environment. However, as long as this is not lastingly undercut, the buyers could easily have an advantage. An increase to 13,300 points and a breakout above it would be possible during the course of the day. The courses could then continue to start at 13,400 / 500 points.

It will be more difficult for buyers if the support area is broken sustainably by 13,100 points. In this case, the Dax could be passed through to the support area at 12,856 / 754 points during the day.

Supports

Resistances

13100/050

13300/350
12850/75013460/500

You can download the market before nine-PDF here.

Type

WKN

Basis / KO

running timeMoney letter
OET BullKB44NU12247.3858Open end9.60 / 9.61
OET BearKA6NED13834.0415Open end6.51 / 6.52

Note: The approval of the prospectus by the Federal Financial Supervisory Authority (BaFin) is not to be understood as an endorsement of the security offered. Interested investors should read the prospectus before making any investment decision in order to understand the potential risks and rewards of deciding to invest in the security. You are about to acquire a complex product that can be difficult to understand. The issuer is entitled to terminate securities with an open-end term.

After consolidating in June and July, buyers in Volkswagen stock appear to be back. What would be possible now?

, Volkswagen Vz – New wave of purchases seems to be underway!, Forex-News, Forex-News

In 2018 and 2019, the price range from approx. EUR 138 in Volkswagen shares served as a decisive support for a long time. This was successfully tested countless times, and then finally in October of last year a bullish breakout from the range that existed until then was dared. This outbreak had the potential for a medium-term uptrend / bull market, which, however, is thwarted by the Corona crisis. In the course of this, the prices not only fell back into the old range, but also fell back below the support area at EUR 138. Only at EUR 79.38 was there enough buying interest to put a stop to the bears and then to establish a new upward trend.

In this upward trend, the Volkswagen share is currently still traded, although there was a consolidation from EUR 155.54 in the summer. This ran as a bullish wedge formation and was ended a few days ago by an upward breakout. In the short term, however, there was new interest in selling just below EUR 153.

Pullback and then continue to the beat !?

With the latest price gains, the basis for a new upward trend in the Volkswagen share is in place. In this case, profits of 165 EUR would be possible in the next few weeks and in the medium term even back to the price range around 185 EUR.

Smaller corrections should be planned as always on the way up. An important support can currently be identified at 142 to approx. 134.50 EUR. If it fell below this, a new upward trend could no longer be assumed. Instead, the consolidation that began in June could continue and the current bullish wedge will become a center of gravity sideways range.

Long

Short

Underlying

Volkswagen VZVolkswagen VZ
TypeOE Turbo BullOE Turbo Bear
WKNKB6FCRKB5ZX0
Base price in EUR129.5996170.6866
Subscription ratio0.10.1
running timeOpen endOpen end
lever7.516.83
Money letter1.90 / 1.922.27 / 2.29

Note: The approval of the prospectus by the Federal Financial Supervisory Authority (BaFin) is not to be understood as an endorsement of the security offered. Interested investors should read the prospectus before making any investment decision in order to understand the potential risks and rewards of deciding to invest in the security. You are about to acquire a complex product that can be difficult to understand. The issuer is entitled to terminate securities with an open-end term.

The buyers of the RWE share dominated the price action until August. Now these seem to have passed the baton.

, Volkswagen Vz – New wave of purchases seems to be underway!, Forex-News, Forex-News

In the corona crash, RWE’s share price fell to around EUR 20 before the cops took over the scepter again. With this, the share returned to an upward trend by negating the losses from the crisis in mid-August. The share even made it to a new annual high of EUR 34.99 on August 18.

With this high, however, buying interest in the share was exhausted. The placement of new shares on August 19 at EUR 32.55 triggered the correction that began on that day. Although the buyers tried again at the beginning of September to crack the resistance area from EUR 34.50, they were unsuccessful. The failure in this price range was used to sell more shares and this in turn led to a slide below approx. EUR 32.50. This completes a small shoulder-head-shoulder formation in the chart, at the neckline of which there was a bearish pullback last week.

RWE in correction mode!

In the short term there are bearish signals in RWE shares. There is a risk of a correction requiring new lows below EUR 31 to be anticipated. Mathematical course targets from the structures that have emerged in the last few months also allow taxes up to the range of EUR 29.25.

In the short term, the bulls could take a deep breath if there was a sustained breakout above 32.75 / 33.00 EUR. In this case, another attempt at the resistance area from around EUR 34.50 could follow. However, further upside potential only becomes available above this.

Long

Short

Underlying

RWERWE
TypeOE Turbo BullOE Turbo Bear
WKNKB4EZXKB5YJE
Base price in EUR28.871635.3509
Subscription ratio0.10.1
running timeOpen endOpen end
lever10.768.70
Money letter0.27 / 0.280.39 / 0.40

Note: The approval of the prospectus by the Federal Financial Supervisory Authority (BaFin) is not to be understood as an endorsement of the security offered. Interested investors should read the prospectus before making any investment decision in order to understand the potential risks and rewards of deciding to invest in the security. You are about to acquire a complex product that can be difficult to understand. The issuer is entitled to terminate securities with an open-end term.

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