there is forming symtrical trinagle after breakout above weekly resistance with lot of room for uptrend.
BMW AG has triggered a nice buy signal today, we could enter at market, with half risk size and look to add if we hit 81.61 to complete our position size. Go long BMW @ market price (last: 82.21) stop loss @ 80.36 Target #1 89.78, target #2 98.62. I'd risk half on the first position, and expect to let this trade run for at least 2-3 weeks if not stopped...
shortterm uptrend since oct., 38.2 retracement, stop buy at 61.8 % upsidebroke (78,10), stop at pre low around 73.90, T1 at 86, T2 at 93
Expecting correction down first, but overall trend is bullish and the perfect entry level is around 82.00
There is nice support, but I am not sure about bottom. BMW profits from expansive dollar right know. I see this company back on 130 during Autumn.