BMW Long Resault: 13.5% Profit✅According to the pullback, the resistance is broken and the pullback confirmation can be entered into a buy position with the target of the specified high level.
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BMW3 trade ideas
BMW, longAccording to the pullback, the resistance is broken and the pullback confirmation can be entered into a buy position with the target of the specified high level.
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BMWThe 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
BMW - BULISH SCENARIOBayerische 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 P/E is 8.14) and a P/B ratio of 0.46 versus its industry's average P/B of 0.84 BMW is undervalued.
Also, the company is rated with a "Strong buy" and a Value grade of A.
The first resistance is located at 83
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BMW Getting Ready To Dipthis 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 solid entry because we have not just did an analysis, but we also got the market structure.
BMW Germany Munich 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 do some research today---lambo ive looked for a couple times but I think because it is in italy they are connected to the london exchange--which I have never accessed as of yet-
BMW (BMW.de) bullish scenario: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 Rolls-Royce, and motorcycles are marketed under the brand BMW Motorrad. In 2017, BMW was the world's fourteenth-largest producer of motor vehicles, with 2,279,503 vehicles produced. The company has significant motorsport history, especially in touring cars, sports cars, and the Isle of Man TT. The Triangle has broken through the resistance line on 04/05/2022, if the price holds above this level you can have a possible bullish price movement with a forecast for the next 17 days towards 86.73 EUR. Your stop loss order according to experts should be placed at 74.36 EUR if you decide to enter this position.
BMW Group and Audi have suspended shipments of cars by rail from Germany to China, the biggest market for both carmakers, due to the Ukraine war. Most of the 846,237 vehicles BMW delivered to Chinese customers last year were produced at its joint venture factory in Shenyang, but between 150,000 and 200,000 were imported from Europe. Beginning in September, BMW began dispatching cars bound for western provinces by train, at a pace then set to reach 16,000 a year.
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BMW in triangle pattern !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: update: strong resistance bounced the priceBMW 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.
Technical analysis update: BMW (1st November 2021)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 such phenomenon to be accompanied by further rise in price. MACD is also bullish, however, it loses its momentum. Stochastic is bullish too; and ADX contains very low value which suggests neutral trend. Because of that we would like to see another confirmation of uptrend by price taking out short-term resistance and then lower bound of upward moving channel.
Support and resistance
Short-term resistance sits at 89.50 EUR while short-term support sits at 86 EUR. Major resistance lies at 96.39 EUR.
Our last analysis on BMW from 10th May 2021:
Here we correctly predicted end of correction and eventual resumption of uptrend. We also set 90 EUR price target which was subsequently reached.
Disclaimer: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade. This content is not financial advice.