Hey Guys, Here is a chart from BMW it was in a very nice uptrend. Now we reach an interesting level of support. If the stock close under 83, I'll be very bearish.
Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Overnext month i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
I guess the UK is deluding itself that a Brexit will impact German car makers. BMW is proving otherwise. This aby looks set for a major lift off.
Description of Chart : If we go out to the weekly time frame we can see that BMWD is in a nice consolidating range. we are approaching the top end of that range and this could be a nice opportunity to get short for a small win. There is however the opportunity for price to rally into the 50 and 200MA on the weekly sitting at 81.37 and 83.98 respectively. Website...
NYSE: MBLY is looking to form a head within the next 3-4 months. This head could form early as today (LOW HEAD), or could form later in the month of September (HIGH HEAD). Check it out.
BMW has formed a double bottom as shown on the weekly chart along with a decreasing volume which suggests a lack of selling pressure. We are now waiting for a confirmation signal from the RSI to break through its trendline before opening a position on this stock. We expect price to test the upper trendline of the triangle before breaking through should the UK...
on the large scale theres a funnel formation indicating a rise. since 2016 this pattern also looks to me like it could be a buy option until around 97.50 (786 on fibs) to do this it will firstly need to break the downward trend resistance line.
there is forming symtrical trinagle after breakout above weekly resistance with lot of room for uptrend.
BMW AG has triggered a nice buy signal today, we could enter at market, with half risk size and look to add if we hit 81.61 to complete our position size. Go long BMW @ market price (last: 82.21) stop loss @ 80.36 Target #1 89.78, target #2 98.62. I'd risk half on the first position, and expect to let this trade run for at least 2-3 weeks if not stopped...
There is nice support, but I am not sure about bottom. BMW profits from expansive dollar right know. I see this company back on 130 during Autumn.