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Automakers

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. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
XETR:BMWLong
by legacyFXofficial
Volkswagen (VOW3.de) bearish scenario:The technical figure Rising Wedge can be found in the German company Volkswagen AG (VOW3.de) at daily chart. Volkswagen AG, known internationally as the Volkswagen Group, is a German multinational automotive manufacturing corporation. It designs, manufactures, and distributes passenger and commercial vehicles, motorcycles, engines, and turbomachinery, and offers related services, including financing, leasing, and fleet management. The Rising Wedge has broken through the support line on 25/01/2022, if the price holds below this level you can have a possible bearish price movement with a forecast for the next 12 days towards 164.62 EUR. Your stop loss order according to experts should be placed at 195.00 EUR if you decide to enter this position. Volkswagen Group posted its lowest sales figures in 10 years in 2021 at 8.9 million deliveries, the carmaker said last Wednesday, and it said it expected supply chain conditions to remain volatile in the first half of this year. The Volkswagen brand saw an 8.1% drop in sales to just under 4.9 million units, with the biggest fall in China at 14.8%, although battery-electric vehicle sales in the country quadrupled. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
XETR:VOW3Short
by legacyFXofficial
Renault SA (RNO.pa) bullish scenario:The technical figure Triangle can be found in the French company Renault SA (RNO.pa) at daily chart. Groupe Renault is a French multinational automobile manufacturer established in 1899. The company produces a range of cars and vans, and in the past has manufactured trucks, tractors, tanks, buses/coaches, aircraft and aircraft engines, and autorail vehicles. The Triangle has broken through the resistance line on 10/11/2021, if the price holds above this level you can have a possible bullish price movement with a forecast for the next 24 days towards 36.135 USD. Your stop loss order according to experts should be placed at 30.945 USD if you decide to enter this position. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
EURONEXT:RNOLong
by legacyFXofficial
Technical analysis update: GM (26th May 2021)General Motor remains in neutral trend. It currently trades within rectangle formation. Its ADX is very low, however, crossover in DMI points to possibility of new trend. Furthermore, RSI, MACD and Stochastics turned bullish over last month. We believe that GM has solid chance to pierce above resistance at 59.10 USD. If this resistance is taken out we expect more upside to come. Our short term price target is 60 USD per share and our medium term price target is 62.50 USD per share. Our previous thoughts from 27th April 2021: Disclaimer: This analysis is not intended to encourage 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.
NYSE:GMLong
by Tradersweekly
Baic Motor is completely undervalued It reached what appears to be a bottom on March 15. It is almost 80% below its all-time high of January 2018. The awesome oscillator is on the downside, heralding a possible reversal. Although last year its profits fell compared to 2019, the trend is still upward, that is, it is becoming more profitable, with 2020 being an exception. It is one of the largest car manufacturers in China, also having a presence in various parts of South America and Asia, whose models sell quite well. It is working to develop new technology and introduce more electric vehicles to its fleet. In general it has good fundamental and future potential, I still think that its price is unjustified. If you want to have more details about the company, I recommend reading its 2020 annual report. HKEX:1958 OTC:BMCLF OTC:BCCMY
HKEX:1958Long
by amateur_trad3r
2
Semiconductors ~ ascending triangle Technical Analysis We have formed an ascending triangle (purple lines). If we make a measured move from the breakout, it takes us up to $275 target approximately. 21ema has been working very well as a trend following system. OBV has been supportive of the trend. Fundamental Analysis / News 1. Ongoing reports talking about demand for semiconductors outpacing supply, particularly from the auto makers. 2. A Reuters report that indicates CEOs of leading U.S. companies are urging the Biden administration to provide incentives to build more factories in the U.S. in order to win back market share and help mitigate risks to national security.
NASDAQ:SMHLong
by dorfmanmaster