lukelehepuu
Short

BMW (BMWD) SHORT ON NARROWING RANGE

FWB:BMW   BAY.MOTOREN WERKE AG ST
Description of Chart:
If we go out to the weekly time frame we can see that BMWD is in a nice consolidating range. we are approaching the top end of that range and this could be a nice opportunity to get short for a small win. There is however the opportunity for price to rally into the 50 and 200MA on the weekly sitting at 81.37 and 83.98 respectively.

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