Short term view - VOLKSWAGEN AG PFD : The major resistance has been reached.
In our previous short term analysis (28/09/2016), we were neutral.We remain neutral.
Price evolution is choppy, but the trend does not appear clearly.
Arguments :
- The ascending support has been reached, it causes the bounce.
- The major resistance has been reached.
Volkswagen the parent company of the Volkswagen Group. It develops vehicles and components for the Group's brands, and produces and sells vehicles such as passenger cars and light commercial vehicles for the Volkswagen Passenger Cars and Volkswagen Commercial Vehicles brands. In the electricity sector, Co. performs electricity generation, sales and distribution together with a Group subsidiary. Western Europe, China, Brazil, the U.S., Russia, Mexico and Argentina are the key markets of the Group. The automotive division comprises the passenger cars, commercial vehicles, and power engineering segments, while the financial services division corresponds to the financial services segment.
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