The price has broken the trend line and is correcting; I see the overall trend is still bullish. Based on my analysis, To notify the analysis, follow me and contact me if you have any comments or questions.
, There is another correction in the short time frame, which I have specified in the following
In BMW weakly chart, price has reached a strong resistance level and may see the 70$ . Also, fundamentally, vehicle manufacturer companies still are in a bad period because of COVID-19 consequences.
Friends, please before reading, support this idea with your Like and any Comment, thanks.
You can buy BMW from 65-70
Stop-loss at 58
You will find more trading ideas in SAV Finance community.
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
