Volkswagen: 3% bounce, distribution doesn't let go
Volkswagen bounces 3% off the double bottom, but distribution won't let go
Volkswagen: 3% bounce, distribution doesn't let go
Our view last week
Volkswagen's weekly technical read: the decline accelerates again, -4.9%, with sellers dominant and money flow deep in distribution. The Sell signal, now in its fourth week, keeps making lower lows; the setup quality indicator climbs to 86 out of 100, and the stock rises to 18th among the 54 European sell signals. The short is already more than 11% in profit, but opening a fresh one here stays high-risk.
This week's summary
Volkswagen shares bounce 3% this week, climbing 11% off a clean double bottom in the 70 area: buyers take charge of the tape, 64%, after last week's -4.9% drop. But daily money flow stays in distribution and the price action still carries a warning. The short is already more than 9% in profit: this week's technical analysis calls for watching the next move closely.
IQS Phase
86
in tension / maturity
Signal Strength
17
decline losing steam
Sizing
MINIMUM
Ranking
#29 / 53
EU-UK stocks
Trade P&L %
+9.10%
from signal to today
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