BMWM5/N trade ideas
Posible buy option on breakout?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.
BMW symetrical trianglethere is forming symtrical trinagle after breakout above weekly resistance with lot of room for uptrend.
BMW: Nice looking long setupBMW 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 out.
Good luck if taking it.
Cheers,
Ivan Labrie.
possible long opportunity on BMWshortterm uptrend since oct., 38.2 retracement, stop buy at 61.8 % upsidebroke (78,10), stop at pre low around 73.90, T1 at 86, T2 at 93
