BorgWarner has tumbled since the summer, and some traders may see risk of further downside.
The first pattern on today’s chart is the price zone around $32.75. The auto-parts company made lows there in December and January. It peaked at the same area this month. Has old support become new resistance?
Second, BWA is stalling at its falling 50-day simple moving...
Price Interaction with 200-day Moving Average: The stock has been hovering around the 200-day moving average. This line often serves as a dynamic resistance level.
Fibonacci Retracements: BorgWarner seems to be interacting with the 23.6% retracement level, indicating that it's a potential area of interest.
Target and Stop Levels: Based on the technical analysis,...
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...
A price action below 46.00 supports a bearish trend direction.
Increase short exposure for a break below 45.00.
The target price is set at 42.50.
The stop-loss is set at 48.50.
A correction back to its 200-day simple moving average seems likely.
A price action above 37.00 supports a bullish trend direction.
Crossing below this level will negate the bullish stance.
'Further trend support above 38.00.
Crossing above 39.00 might target 40.00. (200-day simple moving average - which might act as some major resistance.
Fading downside price momentum might support the bullish bias.
This is the 3D chart for BWA
I am suggesting as price has moved above its dominant downtrend / channel on this 3D timeframe that price has the potential to recovery at the 0.786 line
Which in prior has been seen as a point of support and resistance
This is the level in green
Hello guys
According to the chart you can see the price is moving downward trend and it has need more correction to have good R/r then we have permission to take short position until the target.
You should take signal at first then dont forget use stop loss and observe to your capital management.
Everything is shown on chart, If you have question send us...
Watching for upward movement.
BWA has been in a very nice upward moving channel, and this is a rare dip and bounce moment.
*NOT FINANCIAL ADVICE, NOT A FINANCIAL ADVISOR*
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...
Descending triangle in the making
After ER the price corrected very deep up to $41.20 or the previous low. Now the price is moving up again and probably is going to challenge higher prices.
Targets:
$45.81
$48.55
Please don't forget to FOLLOW, LIKE, and COMMENT ...
If you like my analysis:)
Thank you and Good Luck!
Large trade in the medium term (1-2 years). Since 2014, the security has been in a downtrend, wave 4 is forming in the form of a large falling triangle, which can be seen if we apply the TF = 1W time frame. The patterns that it has formed (Cup and Resistance) indicate the expected breakout of the upper edge of this falling triangle (white slanted line on the...
Hey people, BORG WARNER is in a fake bearish configuration with strong past buying volume. And we see a wick larger than the other that of the sellers. In the TIMEFRAME 1Min we notice a bearish continuation, which will break the VWAP and the median. To go in the direction of its last low point to return to a price increase. It is very plausible to break the VWAP...
