Volkswagen shares price kept its negative stability below the bearish channel’s resistance at 142.10, confirming the preparation to resume the main bearish attack, and the price needs to break the initial support at 135.22 to open the way to record new negative targets that start at 131.95 then 129.60.

We notice the stability of the moving average 55 around the main resistance to confirm blocking the price within the bearish range, also, stochastic approach to 20 level increases the chances of gathering the required negative momentum to achieve the suggested targets.

Expected trading range for today is between 140.10 and 135.22

Expected trend for today: Bearish