BWA has formed either a three descending peaks or a complex H&S. Ill let you guys be the judge. The MACD, Stoch and ADX all look like lower prices are expected. If you scroll up to the weekly and monthly you can see that not only do the indicators also support a lower prices, their are also some larger possible H&S.
My price target is not that far below. It is $39.69. That is about 10%. The 19OCT18 $45 PUT for roughly $2.65 looks good.
My price target is not that far below. It is $39.69. That is about 10%. The 19OCT18 $45 PUT for roughly $2.65 looks good.