In Europe and Japan car makers are leading the advance on the stock market today. A new concern for automakers is Car Sharing which has taken off in cities like Moscow. BMW and Daimler are joining forces to combat ride hailing software and car sharing. DMW’s DriveNow unit which is their version of Car Sharing together with Daimler operate a total of 20,000...
MACD line closes to signal
weekly the volume seems flat, but past few days in the last trading week it had a uptrend
this is risky but if we scream lound enough in the uptrend direction we will be winners
After the big hummer for german auto industry last year, we escaped downtrend. The recovery however is shaky and for the better part of the year we were under mid of the pitchform.
Earnings might help BMW above the redline or break below the pitchfork range. Keeping an eye on general DAX preformance too.
Good luck and happy trading.