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theo91985

Overbought short-term, likely 20% retrace

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VOLKSWAGEN AG VZO O.N. (SWB:VOW3)  
theo91985  
SWB:VOW3   VOLKSWAGEN AG VZO O.N.
Trend Analysis Chart Patterns Technical Indicators
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RSI shows extremely overbought on the daily. No real support until around 160 EUR. In the current markets news cycles have very short term effect so latest earnings likely to fade out of memory very quickly. 20% retrace likely.
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