I want to share with you my long-term opinion on BMW stock.
We have a downtrend that started in February 2015 and consolidated in March 2020.
We are gearing up for the Elliot 5 wave, leaving a fairly safe entry around 70, putting an SL over 80 and a first TP over 36.7.
On the other hand of ideas, if this scenario does not validate, and the price breaks the level 75.2 - 80.1 strongly, then we would wait for a confirmation pullback at 80, where we would enter in the long term. The SL in this case would put you on 75.2 and TP1 at 90.2, TP2 at 105.11 and TP3 at 123.71.
We have a downtrend that started in February 2015 and consolidated in March 2020.
We are gearing up for the Elliot 5 wave, leaving a fairly safe entry around 70, putting an SL over 80 and a first TP over 36.7.
On the other hand of ideas, if this scenario does not validate, and the price breaks the level 75.2 - 80.1 strongly, then we would wait for a confirmation pullback at 80, where we would enter in the long term. The SL in this case would put you on 75.2 and TP1 at 90.2, TP2 at 105.11 and TP3 at 123.71.