BMW - a possible end for this horrifying trend?I was a huge fan of the stock long time age because it was for me an extremely underrated stock which was very cheap compared to the earnings and I liked the fact that BMW could constantly increase their earnings each quarter a lot. I sold long time ago because it had to make a retracement for a new buying opportunity. And I personally think we are very close to a new entry of a long trend for the stock with a new ATH. Its because the stock does not really show signs for further retracements, because its slowly moving aside the same level between 75 -80 Euros since several weeks which shows theres not much downwards force anymore meaning sellers. Therefore the stock is very cheap valued again and from the chart it looks very good. In general I see a short trend incoming for American stocks and a long trend for European stocks.