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N0tSwift
Feb 18, 2021 11:14 PM

BWA Upward Channel - Good Short & Long Term if Entry around $42 

BorgWarner Inc.NYSE

Description

I started looking at BWA due to a recent spike in volume. Daily charts show a very nice upward channel. I'd like to see a small pullback to the bottom of the channel before entering.

Following the trail, BWA acquired a Lithium battery maker, AKASOL AG a supplier to Diamaler, Ford, Bombardier....

I think they'll face competition from newer solid state batteries from QS and PCRFF, but will still grow rapidly as electric vehicles pervade public purchases and Solid State solutions develop.

*NOT FINANICAL ADVICE - NOT A FINANCIAL ADVISOR*
Comments
keithsherrie9
Montly Fool came out pro BWA also
N0tSwift
@keithsherrie9, BWA continues up, and I think is at another good entry right now. I'm long.
bilhuss
still a buy? looks like loading up nicely
N0tSwift
@bilhuss, I'm still long. Cramer came out last week pro BWA. I'm looking for dips to add to my position. BWA broke above channel, and returned to it, but continues a nice march upwards. Semi conductor short supply will keep growth from any exotic runs.
ForecastCity_World
Great work
N0tSwift
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