VOLKSWAGEN AG WEEKLY Technical Analysis – 22 February 2022

VOLKSWAGEN AG WEEKLY Technical Analysis – 22 February 2022

VOLKSWAGEN AG Technical Analysis: Weekly Chart

VOLKSWAGEN AG Technical Analysis

In the weekly charts, VOLKSWAGEN AG is trading in the down channel.

It is trading above 100 days SMA & below 20 and 50 days SMA.

The immediate support is 241.39 & the resistance level is at 256.17.

VOLKSWAGEN AG is trading in the down channel until there is a trend reversal.

VOLKSWAGEN AG Technical Analysis: Daily Chart

VOLKSWAGEN AG Technical Analysis

In the daily charts, VOLKSWAGEN AG is trading in the down channel.

It is trading below all SMA.

The immediate support is 242.24 & the resistance level is 251.40.

VOLKSWAGEN AG is trading in the down-channel until there is a trend reversal.  

How to Trade VOLKSWAGEN AG this Week:

VOLKSWAGEN AG will follow the downtrend until their trend reversal. So, remain bearish on VOLKSWAGEN AG

TRADE SUGGESTION- SELL AT 247.14, TAKE PROFIT AT 242.24 AND STOP-LOSS AT 251.40

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