Could Volkswagen AG (VOW Stock) reach the 190 level?

AAATrade Team AAATrade

Today’s instrument is the Volkswagen AG‘s stock traded on the Xetra exchange under the ticker VOW.

Looking at the VOW‘s chart, we can see a sharp fall from the €191 range to below €184 due to the debut of the Porsche AG.

Today we could expect it to test its support level at around 180-182, and if it cannot pass it, then an upward reaction should be expected towards the level of 188-190.

Author

AAATrade Team

AAATrade

The AAATrade Team has extensive experience in content writing for the financial industry. Stelios Nikolaou is the lead writer of the team, he currently works at AAATrade to provide research and content writing services.

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