BM stock reached a key high of 2020.
On that the price has formed a double top formation with a lower high on daily t.f.
Its neckline has been recently broken.
Now I expect a bearish continuation.
Goals are based on daily structure:
65.0
60.0
XETR:BMW
BMW is on an upward channel on a daily basis, and formed flag pattern
Also it retested the broken channel and is suitable to buy some at the demand zone
At some point, I expect mergers and acquistions to take place in the EV market. Almost all the major auto companies are getting into the EV market for a slice of the market share.
I wrote this article because there are a lot of people asking me if it is too late to buy Xpev.
I am not a financial adviser, so you do the finance comparing Xpev with BMW and write me if it is a good buying opportunity or a speculative bubble.
I was also the guy who told you about the chance of buying Xpev at 20usd:
The indicators are still bullish, by the...
Inflation and all that. Happend once already and given the current of brr brr maschine, it won't stop anytime soon, I'd see this as a real possibility. Likelyhood is another thing, but one can consider its fractals.
Montly
Downtrend and retest SR level from below.
Price clearly in ABC ELliot Correction.
It is obvious that price is on 0.618 FIB level = Ideal moment to long.
There is 2 11 years cycles.
And if you compare you will see they both ended on Fib 0.618 correction and trend continuation
Weekly
reversal after corona
Daily
Uptrend already corrected on FIB 0.618
Need...
using the pitchforks indicator we have a vision of the trend of the bmw stock in addition, we see very significant support from buyers which started from 2014 until March 2020 but we see that buyers are not falling arms and come back with force to defend their area. until today for all who have stock BMW in their portfolios be quiet since there is a high...
I want to share with you my long-term opinion on BMW stock.
We have a downtrend that started in February 2015 and consolidated in March 2020.
We are gearing up for the Elliot 5 wave, leaving a fairly safe entry around 70, putting an SL over 80 and a first TP over 36.7.
On the other hand of ideas, if this scenario does not validate, and the price breaks the...
BMW said it will offer the all-electric versions of X1 compact SUV and the 5 Series as part of the German automaker's plans to have 25 electrified models in its portfolio by 2023.
BMW didn't say exactly when an all-electric X1 or 5 Series might be available (TechCrunch reached out and will update if we get an answer). The all-electric drive train will be one of...
So , here it is. The real player in the green game , huh.
What do we have?
8-9 bils of margin profit per year vs TSLA negative -1bil average +- 0.3.
Very old and working distribution chain.
German quality and support for green stocks in EU that will be doing better then US markets in next few years imo.
This is it.
