Just to give a picture of BMW
Remember always to do your own analysis.
I have one position left in this , thats why i make this chart.
If it break thu the support area - im gonna sell.
have fun, stay safe
Marttin
I've tidied up the chart - all kinds of significant signals.
Who's to say it won't go back to its previous ATH? Doesn't even have to.
Long term hold or short term long?
May not be too late for pyramiding in...
This came up a significant outperformer of its significant index - the DAX or German 30.
Could be good to diversify into one of the world's most...
Good Signals. Momentum on the monthly, many significant levels and breakouts out and up thru significant levels. Will it come back to it's all-time highs?
You've hear of them?
I'm going through the DAX constituents right now. Could be a good diversification for some. what else would you buy in Europe? Lolz.
I can't remember the div yield - it's all good, though. is tangible. very tangible.
Do own research but the signals are all good so far - 200 sma cross on the monthly
etc.
BMW has retraced back to its medium term moving average on weekly timeframe. On daily timeframe MACD remains bearish but RSI shows signs of reversing to the upside. We would like to upgrade our medium term price target for BMW to 90 euros per share.
Disclaimer: This analysis is not intended to encourage buying or selling of any particular securities....
The Trend
The trend is directional movement of prices and it plays an important role in vast majority of technical trading systems. Technical analysis differentiates between trending markets and non-trending markets, also called flat trending markets. Trending markets can be either moving upwards and downwards. Upward moving market is called bull market, while...
Classical intermarket technical analysis tells me it's getting riskier and riskier to go long on stocks. Special mention to the 10y treasury yields and commodities bullish sentiment.
Turns out I'm not here to pay attention to intermarket technical analysis but to follow autistically my system and the foll set up just presented itself.
1. Stock in an uptrend...
Good stock is on your list today, wolves🔥
BMW has drawn symmetrical triangle. The price had confident bearish trend before and now entered into consolidation part.
Will it continue to fall?
According to Elliott Waves theory all the waves are done and now the price is heading to breakout zone.
So follow the chart and look for the breakout carefully.
If you...
Hello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for BMW, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
