BMW to bounce off next resistance? Let me know what you guys think, but looking at the RSI and the given data, I think BMW won't cross the 70 barrier.
Might be a good idea to short when the RSI goes down from 70 again.
Any suggestions?
4BMW trade ideas
BMW Monthly Statusstrongest support for BMW as MA200, bottom of channel and 61.8% Fibonacci level
XETR:BMW
BMW Strong resistance above the candle.Just suggest to do short term. After break through the resistance,do buy again
BMW beautiful bounce on a major supportBMW touched the 63-64 key level support and actually bounced quite beautifully this week. That level was also a bottom of a high timeframe channel. A breakout from the channel would be a strong buy signal.
Time to buy BMW? Day before ex-dividend dateBMW entered a bullish trend back in 13 May 2016, when it paid the dividend of 2016. Yesterday was at minimums of 2013 if we do not take into account Brexit effect on 2016. Today is the day before the ex-dividend date of 2019 and it offers a dividend yield of 5.12%. Nonetheless, it's worth reminding that BMW's 2018 Earnings where -16.9% YoY so in case you happen to buy shares today, do not hold them for long. A positive point for the auto sector is that Trump will delay tariffs on autos 6 months from now. Therefore, we might expierence some volatility with BMW stock and it could have a trend reversal right from today up to levels of 74-75€. So the final conclusion would be: Buy today, seize the dividend this month and sell in 5-6 months time depending on market news.
BMW: Possible long entrySupport fractal at lower BB and Alligator curling upwards. SL below recent swing low.
BMW, end of cycle fadeIn Europe and Japan car makers are leading the advance on the stock market today. A new concern for automakers is Car Sharing which has taken off in cities like Moscow. BMW and Daimler are joining forces to combat ride hailing software and car sharing. DMW’s DriveNow unit which is their version of Car Sharing together with Daimler operate a total of 20,000 vehicles in 20 large international cities. Each company owns 50% in the new venture, but they remain rivals in their core business.
The reason we are presenting this trade is that global macro indicators are on the rise. A change in sentiment is approaching and BMW is a cyclical stock. Meaning it fluctuates in very wide price moves and we have currently come up against a very strong level of support. Last time these levels were in play was 2016, and the reversal from these levels was quick and strong.
BMW is at the bottom of a weeklong descent due to difficulties around Brexit and the slowing economy in Germany. We are looking for something called the “fade”. Markets move in wave formations and we expect a correction up to 72.00. For this quick long trade we put a stop loss order around 68.50 and enter the market at 69.80-70.00. The average true range of the stock is currently around 1.5€. The Fibonacci level of 38.2% is too far away, currently if we reach 72.00 this week, we can expect a retest of the 23.6% Fibonacci level at 73.00. This is not a buy and hold strategy, move your stop loss up after price breaks 71.00.
Long BMWBMW is in Demand zone for long time. It's best opportunity to Long at this price.
This ananlysis is for educational purpose only.
Possible repeating short term strategyNice repeating pattern. Will it continue for a 3rd time
Buy on red, Sell on orange and repeat until the long term green down trend is crossed.
Long term corridor bottom reachedThe price remains in the long term corridor. The bottom price target is reached. Long for 2+ months
Butterfly pattern on BMW weeklyBMW AG weekly view: the price is testing his old support level of his past. A butterfly formation is about to finishing and a RSI bullish divergence is given. good entry point in my opinion.
BMW found support, now what?4 days ago BMW hit bottom and showed a strong indication that it won't proceed any further.
4 days later, today, it jumped mid day.
Entry: 78.3 (27/09)
Exit: 79.45(02/10)
Return: 1.45%
BMW: the battle of the trendsMACD line closes to signal
weekly the volume seems flat, but past few days in the last trading week it had a uptrend
this is risky but if we scream lound enough in the uptrend direction we will be winners
long BMWconsider BMW is holding its current level for 5 days in turbulent market conditions, stock is ready for move up.
fundamentals are great, sales are growing. very undervalued stock
BMW D1buy limit;
tp1=82.00;
RR=1;
tp2=83.50;
RR=2;
sell limit;
tp1=83.00;;
RR=1;
tp2=81.50;
RR=2;
tp3=80.00;
RR=3;
notice:
1:Risk free after tp1;
2:all lines and orders have a few tolerance!!;
