Volkswagen shares about to correct? Expert with price target and trading idea.

Volkswagen shares about to correct? Expert with price target and trading idea.

According to a report by www.finanzen.net, The shares of Volkswagen (Vz.) have been in an upward trend since bouncing off the support at 99 euros. However, signs of a possible decline are now emerging as shares have bounced lower near the 200 EMA on the daily chart.

The recovery of the shares and their rise to 118.18 euros could indicate a signal of exhaustion in the overall market, which could also influence Volkswagen stocks. It is expected that the shares may initiate a correction in the overall uptrend and hit the brakes, especially around the 200 EMA.

Based on this information and taking into account the 200 EMA, traders could speculate on a decline in Volkswagen shares and a bounce at the 200 EMA. A Turbo Bear from Bank Vontobel on Volkswagen's securities is an option. The price target is 110.00 euros, the stop is 119.00 euros. It is important to consider the current EMA values ​​as well as possible support and resistance levels to make informed decisions.

In addition, investors and traders should keep an eye on the development of the overall market as well as specific industry-specific events in order to make informed decisions and trade appropriately. Market sentiment and external factors can also have an impact on Volkswagen's share price.