4BMW3 trade ideas
BMW Short - Expecting big drop below 49just now
This is some major support at 49. it looks like it wants to go trough it, testing it multiple times.
We have had a nice retrace up to 52 and is encountering it's downtrend since the crash in march.
This downtrend is strong, and with the crash in oil it is draging the markets down.
We having a negative RSI divergence indicating a price drop.
BMW, just like many other markets, broke it's uptrend. really bearish.
We can defenitly see BMW at 45, depending how hard this crash or reaction is, much lower.
BMW Historical ChartBmw Fibonaci Levels.
Disclaimer:
We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature,
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
Practice Analysis on BMWYYPrice looks to have hit the bottom of a downward channel. Looking for it to make a small retracement to the upside (approx. 50%) then continue to fall to the downside based on the trend it has been in. Price has continuously gapped down, but has attempted to retrace each time.
BMW breakout of parallel target price 79€ +19.6%BMW price had a breakout of parallel channel and this may lead price to 79€. If price exceeds 77.3€ a AB=CD pattern may also be activated and a new price target would be 82.2€.
BMW at key level of support, Looking for a bouncebounce trade:
- Overextension to the downside
- touching key support level from strong trendline
CORONA VIRUS @ BMW!!!!! Stock Price 40€ soon?First Corona Virus identified @BMW.
Thus, I expect that the price will further drop, 40€ soon?
See here news: www.merkur.de
No financial advice!
Bottoming of the BMW share?We may see the beginning of a bottoming out of the BMW share with a subsequent upward movement in the medium-term price development.
Before it's here, it's on analysta.net ;-)
...read the full text on www.analysta.net
Math Is The Answer.
BMW: Don't Miss This Buying Opportunity
Hey traders,
I have a bullish forecast on BMW stocks.
analyzing the price fluctuations on a daily you can clearly see the convergence of multiple technical elements:
65 is a strong horizontal structure support level
this level matches with the retest of a broken resistance of a falling channel
perfect confluence with 618 retracement of the last bullish impulse
oversold rsi
with that in mind, we can freely buy bm stock from the current prices!
target levels will be:
70.5
76.5
please, support the idea with like!
BMW - Buy 05/02/2020Friends, please before reading, support this idea with your Like and any Comment, thanks.
You can buy BMW from 65-70
Stop-loss at 58
You will find more trading ideas in SAV Finance community.
BMW struggles to reverseSeems like an impulse is unfolding to the upside, and price is in the wave 4, that will be a flat (whether running or an expanding one).
So, next year will bring another solid trade, as soon as price corrects itself 50-60% and then BUY
BMW - Near resistance level!Hello dear friends,
Currently BMW stock showing divergence of bullish momentum near resistance level which suggests that may see a correction the forthcoming days, use this ascending trend line as a trigger for your short trade and target lower support levels.
Good luck!
BMW - DAILY CHARTHi, today we are going to talk about Audi and its current landscape.
BMW it's poised to gain traction on the market since Tesla today has shaken the European auto markets by announcing that it has chosen the region of Berlin in Germany over the U.K to be the new engineering and design center site. A big step for the company that until now had to rely on a single plant in Fremont, California, to sustain the whole Tesla produce chain. The new Tesla factory should become fully operational only in 2021, according to Musk estimates.
The establishing of Elon Musk company on European soil sets a significant threat to the European automakers, which can be seen in a type of allegory represented by the Golden Steering Wheel award that Musk received in Germany yesterday. The prize was due the Model 3 been elected the midsize car of the year, beating the BMW and Audi models. We must remember that several countries on the European Union like Norway, Germany, France, U.K, Scotland, Netherlands and Ireland, have been making efforts to drastically reduce its using of fossil fuels cars, as an effort to diminish pollution. With the expansion of Tesla manufacturing network, with possibilities of more accessible prices, Tesla that it's already ahead on the electric car race will have the upper hand on the sector, and it might weaken its European competitors.
Thank you for reading and leave your comments if you like.
To have access to our exclusive contents, join the Traders Heaven today! Link Below.
Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should be used or take it as financial advice.
Start of BMW uptrend?Still trying to find that golden head and shoulders. Any comments on whether this may be accurate? We've got an MA 50 MA 200 cross that may open up.
bmw index new trendbmw has completed its downward trend,Due to the completion of Elliott's fifth wave And with the break of the resistance line,A new rising trend has begun.good luck
BMW, General Motors, Honda, Ford and Renault are working with tA group of major automakers are about to hit the road with the first field testing of a blockchain-based vehicle identification network next month in the U.S.
As reported by Nikkei Asian Review, BMW, General Motors, Honda, Ford and Renault are working with the Mobility Open Blockchain Initiative (MOBI) on integrating the system to automatically make payments on typical commuting runs without the need for cash or credit and debit cards.
By assigning vehicles unique identities that store data such as ownership and histories on a blockchain, the industry initiative aims to remove the need for a human when settling tolls and parking fees.
Founded in May 2018 by multiple major car manufacturers, MOBI has been working to enable the sharing of road data between manufacturers, a step towards developing self-driving cars.
As Nikkei writes, participating vehicles would eventually be able to automatically pay expenses once plugged into other networks such as charging or refueling stations.
MOBI is also looking into incorporating cryptocurrencies. One such system involved compensating users in crypto for putting energy back into the power grid following an outage.
A number of automakers are looking at blockchain for facilitating processes such as payments and data sharing, especially for the not-so-distant future where automated vehicles have become the norm.
This summer, CoinDesk reported how Daimler – parent company of Mercedes-Benz – partnered with blockchain firm Riddle & Code to produce a hardware wallet for automobiles. Looking long term at solutions for self-driving vehicles and car-sharing platforms, the firms’ wallet would also create a cryptographic identity for vehicles.
Jaguar Land Rover too is looking at rewarding drivers in cryptocurrency in return for their data
