Potential Downtrend in BorgWarner BorgWarner has tumbled since the summer, and some traders may see risk of further downside.
The first pattern on today’s chart is the price zone around $32.75. The auto-parts company made lows there in December and January. It peaked at the same area this month. Has old support become new resistance?
Second, BWA is stalling at its falling 50-day simple moving average. That may suggest its intermediate-term trend is bearish.
Third is the trio of bearish gaps triggered by weak guidance after the last three quarterly reports. Those may reflect weakening fundamentals.
Finally, stochastics are dipping from an overbought condition.
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BWA trade ideas
BWA: back to its 200-day?Price Interaction with 200-day Moving Average: The stock has been hovering around the 200-day moving average. This line often serves as a dynamic resistance level.
Fibonacci Retracements: BorgWarner seems to be interacting with the 23.6% retracement level, indicating that it's a potential area of interest.
Target and Stop Levels: Based on the technical analysis, a target is set at 42.00 (offering a +6.4% potential upside). In contrast, the recommended stop-loss is positioned at 38.00 (risking -3.9%). The defined levels provide traders with a good risk-reward ratio, as indicated by the mentioned win/loss ratio of 1.4:1.
Increase Exposure Point: A suggestion is made to increase exposure around the 41.00 price mark. This could be based on anticipated support or historical price action at that level.
200-week Moving Average: Though not in the immediate vicinity of the current price action, the 200-week moving average is also plotted on the chart. This line can provide insights into the stock's longer-term trend and might serve as a crucial level in future interactions.
Borg Warner set to move 20%Borg Warner Inc. (BWA) presently approaching meaningful channel support, able to absorb monthly selling pressures.
From here (BWA) can gain bullish momentum and push back to the channel top, eliciting gains of 20% over the following 2 - 3 months.
A weekly settlement above a key level would accelerate this potential move.
Inversely, closing below channel support would elicit a sell signal where losses of 20% would be expected over the same time horizon.
BWA: 6% upward potential to current HH 🐂 Trade Idea: Long - BWA
🔥 Account Risk: 1.00%
📈 Recommended Product: Knockout
🔍 Entry: +/- 48.28
🐿 DCA: No
😫 Stop-Loss: 45.29 (46.67 for aggressive trade)
🎯 Take-Profit #1: 51.05 (50%)
🎯 Take Profit #2: -
🎯 Trail Rest: Yes
🚨🚨🚨 Important: Don’t forget to always wait for strong confirmation once possible entry zone is reached. Trade ideas don’t work all the time no matter how good they look. Do not get a victim of FOMO, there is always another trade idea waiting. 🚨🚨🚨
If you like what you see don’t forget to leave a comment 💬 or smash that like ❤️ button!
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BorgWarner is in a larger uptrend and currently finished its consolidation to the former HH (higher high), doing a liquidity grab there, and closed yesterday above it’s last LH (lower high) above the consolidation downtrend. We therefore assume that BorgWarner will at least test its current HH from the larger uptrend with possible upward potential from there.
This trade is based on price action alone.
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BWA: fading downside momentumA price action above 37.00 supports a bullish trend direction.
Crossing below this level will negate the bullish stance.
'Further trend support above 38.00.
Crossing above 39.00 might target 40.00. (200-day simple moving average - which might act as some major resistance.
Fading downside price momentum might support the bullish bias.
BWA - 0.786 Recovery Above Downtrend This is the 3D chart for BWA
I am suggesting as price has moved above its dominant downtrend / channel on this 3D timeframe that price has the potential to recovery at the 0.786 line
Which in prior has been seen as a point of support and resistance
This is the level in green
BWA, Its time to Sell ( Short )Hello guys
According to the chart you can see the price is moving downward trend and it has need more correction to have good R/r then we have permission to take short position until the target.
You should take signal at first then dont forget use stop loss and observe to your capital management.
Everything is shown on chart, If you have question send us messages
Good Luck
Abtin
BWA Upward Channel - Good Short & Long Term if Entry around $42I started looking at BWA due to a recent spike in volume. Daily charts show a very nice upward channel. I'd like to see a small pullback to the bottom of the channel before entering.
Following the trail, BWA acquired a Lithium battery maker, AKASOL AG a supplier to Diamaler, Ford, Bombardier....
I think they'll face competition from newer solid state batteries from QS and PCRFF, but will still grow rapidly as electric vehicles pervade public purchases and Solid State solutions develop.
*NOT FINANICAL ADVICE - NOT A FINANCIAL ADVISOR*
BWA: Descending triangle in the makingDescending triangle in the making
After ER the price corrected very deep up to $41.20 or the previous low. Now the price is moving up again and probably is going to challenge higher prices.
Targets:
$45.81
$48.55
Please don't forget to FOLLOW, LIKE, and COMMENT ...
If you like my analysis:)
Thank you and Good Luck!
BWALarge trade in the medium term (1-2 years). Since 2014, the security has been in a downtrend, wave 4 is forming in the form of a large falling triangle, which can be seen if we apply the TF = 1W time frame. The patterns that it has formed (Cup and Resistance) indicate the expected breakout of the upper edge of this falling triangle (white slanted line on the chart). The first target for the Cup pattern is $ 51.28, and the second target of $ 57.50 resulting from the breakout of the resistance level (Resistance) will give the target for the breakout of this upper edge of the falling triangle (see upper large yellow circle). The breakout and retest of the upper edge gives growth targets to the previous all-time high of $ 67.59, while growth is usually very fast and strong, so many usually miss this entry point, and from there further up to the target of 72.38, which is a medium-term in the range of 1 year. From there, the further development of the 5th wave will begin, which can be very long and last for years. It is possible to add a position on each of the targets, on each drawdown - calmly average.
PAY to BORG WARNER DailyHey people, BORG WARNER is in a fake bearish configuration with strong past buying volume. And we see a wick larger than the other that of the sellers. In the TIMEFRAME 1Min we notice a bearish continuation, which will break the VWAP and the median. To go in the direction of its last low point to return to a price increase. It is very plausible to break the VWAP then the median and arrive on the next highest. But for the moment we cannot catch up with the totality of the last great collapsing it.
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BWA good idea with full lossWrite sometning about your psyhology thinking before trade? woried about the spike in the july, if this will happened this time i will loose my bet
Describe the trade. What you see? there will be a swing between two lines
What have I done well for this trade? set the upper tarket was perfect
What can I take away to help with later trades? that the stop loss was too tight and you should look at the shadows. This is also problematic becaue my bet is decreasing with widening the stop.