Uptrend
Based my strategy, this chart is inside an uptrend and after a small correction, it's again started to rising by this good breakout. The best time for getting position is about 15 min before market closure if there isn't up shadow on today's candle.
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
Bayerische Motoren Werke AG, abbreviated as BMW is a German multinational manufacturer of performance luxury vehicles and motorcycles headquartered in Munich, Bavaria, Germany.
The company is one of the most popular and respected manufacturers among car enthusiasts.
If we consider some of the most popular fundamental ratios, a P/E of 4.96 (the industry`s average...
this analysis consist of what price action is telling us, and not what we think about the market. How did i go about seeing it? Well that is very easy! looking at the charts before doing an analysis gives you clues as to where price is going. This is called Market Structure. When we finally got the hints from the market then we can do our analysis. This creates a...
suprised bmw doesnt just have one symbol- bmw should be a 500.00 dollar priced stock---their companies in tradingview are a mess-- to many-instead of just a couple---I think their based on factories not over output- of production vehicles---maybe someone will see this and things will change to just one set price----Id also like to find lambroghini and ferarri will...
The technical figure Triangle can be found in the German company Bayerische Motoren Werke AG (BMW.de) at daily chart. Bayerische Motoren Werke AG, commonly referred to as BMW, is a German multinational corporate manufacturer of luxury vehicles and motorcycles headquartered in Munich, Bavaria, Germany. Automobiles are marketed under the brands BMW, Mini and...
BMW is entering the second suwave of the formation of wave c. is currently forming a correction called the triangle pattern. I will enter when breaking subwave d in the triangle and stop loss right at subwave e with RR 1:3. Another confirmation is that there is a divergence on the RSI.
BMW shares have reached the resistance I mentioned before much steeper than my expectation, this pressure caused this strong bouncing off the zone, but, BMW fans should be aware of fake bullish signals. The price will probably come back and if the resistance will be broken, far lower prices would be expected.
In the weekly chart, we will probably be witnesses of a trading range, and after that, only if the strong resistance is brokern, 47$ would be a descent stop for bmw shares.
Here a possibility for a Daytrade in BMW. Wave IV should be happening soon. I only wait for a trigger for example a breakout in lower timeframes. Happy Trading!
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.
BMW continues to grow since 20th August 2021. It currently trades around 87.50 EUR per share. Technical factors are neutral to bullish and because of that we would like to set short-term price target of 90 EUR per share.
Technical analysis
RSI has bullish structure. We will watch it closely and we will look for eventual crossover above 70 points. We expect...
