using the pitchforks indicator we have a vision of the trend of the bmw stock in addition, we see very significant support from buyers which started from 2014 until March 2020 but we see that buyers are not falling arms and come back with force to defend their area. until today for all who have stock BMW in their portfolios be quiet since there is a high probability of rebound of the third time in the buyer's zone and return to the resistance mentioned on the graph.
if it breaks the buyer's area with force it will reach up to the mentioned support.
if it breaks the buyer's area with force it will reach up to the mentioned support.
Comment:
there is a probability of doing a pullback and then going up because there is not a great strength of sellers. in the coming days I will inform you around the probability of what he will do