Volkswagen shares in correction mode: Further weakness expected

Volkswagen shares in correction mode: Further weakness expected

According to a report by www.finanzen.net, Volkswagen (Vz.) shares have been in a correction since bouncing around the 200 EMA in the daily chart and have already fallen below the important 10 EMA in the daily chart. The papers indicate further weakness and could indicate a further decline in prices. A Turbo Bear from Bank Vontobel with a price target of EUR 110.00 and a stop at EUR 114.00 is a possible trading strategy.

From an economic perspective, further weakness in Volkswagen shares could have an impact on the entire automotive sector. A falling share price for Volkswagen could weaken investor confidence in the entire industry. In addition, the negative sentiment towards Volkswagen could also spread to other European automotive companies. The lower stock prices could also impact consumers by tarnishing the company's image and deterring potential buyers.

In addition, the negative development of Volkswagen's shares could also affect the company's production and investments. A lower share price could make it more difficult for the company to raise capital and have a negative impact on the financing of new projects.

Overall, it is important to closely monitor the further development of Volkswagen shares as well as the reactions of the market and consumers in order to better assess the long-term effects on the industry and the market.