Description
⋅ Borg Warner Inc. (BWA) presently approaching meaningful channel support, able to absorb monthly selling pressures.
From here (BWA) can gain bullish momentum and push back to the channel top, eliciting gains of 20% over the following 2 - 3 months.
A weekly settlement above a key level would accelerate this potential move.
Inversely, closing below channel support would elicit a sell signal where losses of 20% would be expected over the same time horizon.