Price Interaction with 200-day Moving Average: The stock has been hovering around the 200-day moving average. This line often serves as a dynamic resistance level.
Fibonacci Retracements: BorgWarner seems to be interacting with the 23.6% retracement level, indicating that it's a potential area of interest.
Target and Stop Levels: Based on the technical analysis, a target is set at 42.00 (offering a +6.4% potential upside). In contrast, the recommended stop-loss is positioned at 38.00 (risking -3.9%). The defined levels provide traders with a good risk-reward ratio, as indicated by the mentioned win/loss ratio of 1.4:1.
Increase Exposure Point: A suggestion is made to increase exposure around the 41.00 price mark. This could be based on anticipated support or historical price action at that level.
200-week Moving Average: Though not in the immediate vicinity of the current price action, the 200-week moving average is also plotted on the chart. This line can provide insights into the stock's longer-term trend and might serve as a crucial level in future interactions.
Fibonacci Retracements: BorgWarner seems to be interacting with the 23.6% retracement level, indicating that it's a potential area of interest.
Target and Stop Levels: Based on the technical analysis, a target is set at 42.00 (offering a +6.4% potential upside). In contrast, the recommended stop-loss is positioned at 38.00 (risking -3.9%). The defined levels provide traders with a good risk-reward ratio, as indicated by the mentioned win/loss ratio of 1.4:1.
Increase Exposure Point: A suggestion is made to increase exposure around the 41.00 price mark. This could be based on anticipated support or historical price action at that level.
200-week Moving Average: Though not in the immediate vicinity of the current price action, the 200-week moving average is also plotted on the chart. This line can provide insights into the stock's longer-term trend and might serve as a crucial level in future interactions.