2024/12/07
Daily 4XSetUps - Here We Try Again Bulls, In BMW Shares
“strong december so far after bottoming out in november!
are we in the longed-for trend reversal meanwhile now?”
At the end of the week, the XETR:DAX , the largest stock market in my home country of Germany, continued its price action rally. On Friday, our leading German index climbed above the 20,400 point mark for the first time in early trading hours, but was unable to maintain it and ultimately went +0.13% higher at 20,384.61 points into the weekend. It was the seventh consecutive day of winning. His weekly gain is almost four percent and his annual profit is almost +22%. However, a German analyst friend of mine from an international cfd online brokerage firm also confirmed to me privately “that the record hunt was less an achievement of the internationally positioned companies in the Dax, but rather based on the fact that the US economy seems to be growing out of US stagflation!” Yes, that seems to be. Because I also realize that the WallStreet is euphorically disciplined and can hardly wait for Trump to take over the office again. Like the best president ever surely also. From this POV (point of view) is the consequence that at these price actions traders and/or investors tend to buy as sell - so that the entire stock market in Germany, thanks to WallStreet, is rising and rising, and/or rising.
The US labor market data published in the early afternoon played no role on the German stock market. In the United States, significantly more new jobs were created than expected in November after the previous month's dip due to hurricanes and strikes. However, the unemployment rate rose surprisingly. And that could persuade the Fed to cut interest rates, as El-Erian said. What we can expect - but don't have to. Because, in the summer of 2024, I assumed that interest rate cuts would only occur in 2025 - and then in the form of small baby steps of always -0.25%, as you all know who follow my analyzes and opinions on a daily basis. And I also took these expectations into account in all of the 4XSetUps - as well as in this case of this long BMW 4XSetUp. But interest rate cuts that occur earlier, like possibly in December 2024 - and that should only give this long BMW 4XSetUp a tailwind. Because in this country the auto sector was actually in focus this week. A few days after the major bank UBS, the analysis house Jefferies also changed its favorites and now also prefers BMW instead of Mercedes-Benz. And that drove
BMW shares at the top of the DAX by +2.7%. In the good industry environment, 
MBG shares also achieved an increase of +0.8%. Jefferies analyst Philippe Houchois cited a better risk profile in terms of growth, tariff prospects and CO2 compliance as reasons for switching to BMW . However, I go one step further! Trump back in Office 2025 - and one of his best followers is Elon Musk. Whose 
TSLA shares have risen by more than 50% since Trump was re-elected. And in this wake we also run this long BMW 4XSetUp.
“Nature gave us pain as a messaging device to tell us that we are approaching, or that we have exceeded, our limits in some way.”
Ray Dalio
"Nothing new in the West!", what should I write about the
BMW share today that I hadn't already written back then, when we unexpectedly stopped out in the meantime. But the recovery came even faster than the fall, which is why, as is well known, I formulated another long BMW 4XSetUp on Monday. And I still stick with my perception from back then. Because I still don't want to fool us - there are better bullish trading capabilities than BMW shares. But nevertheless, I still don't give up hope for a long-term successful turnaround movement - only below €66 the technical picture looks bleak! And I don't want to sell you false expectations - I don't want to write anything that I'm not convinced of myself.€81.84 : 2024/08/02 - Last Bearish GAP Intraday Low
€80.80 : 2024/08/05 - Last Bearish GAP Intraday High
€77.28 : 2024/10/10 - Intraday High QR Release
€77.24 : 2024/12/06 - last price action
€68.58 : 2024/10/10 - Intraday Low QR Release
Anyway, from the technical pov (point of view) we
BMW bulls have to face the selling pressure based on the last quarterly results. And that is even the price action between €68.58 EUR and/or €77.28. Wait - and hope - that the price action will trade above again. And then aims for €80.80 EUR and/or much better back above €81.84. Because with a price action above €81.84 we would have a great trend reversal formation. And that over several weeks,and/or even months, during 2024. What would be great unthinkable hopefully for next year 2025! But don't get too euphoric - enjoy the Christmas time. And let us hop that we don't fall back under €66 again. So let us once again wait and see - treat yourself to a coffee every day. And/Or also take a look at the BMW shares back again. Because whenever we should reach €85, the world should look more promising in 2025 than we can imagine today#! But is that a thing of the future? So as already written: wait - and don't lose hope…------------------------------------------------
€86.06 : 2025/06/30 - Target Price
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€77.24 : 2024/12/06 - last price action
€71.88 : 2024/12/02 - Entry Price
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€66.00 : 2025/06/30 - Stop Price
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Have a good time
- regardless of the price action!
Aaron
“daily 4XSetUps - …” is pure information material!
By trying to give you even more information about some trading capabilities to trade and/or invest in some securities. This post is not a call to action - it only provides information. You decide (not) to decide. Even if I am writing daily 4XSetUps with concrete entry prices, target prices and/or also stop prices! It is like it is - like I said; You decide to respond to the analysis I just formulated to buy, to sell, or to do nothing! More information about my approaches to investing in something specific or just trading it, or even just describing it, can be found in the daily "Another 48h - DXY ...! Analysis Post. Where I try to track the price action in
DXY every day so that we learn something new daily.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.