A price action above 40400 supports a bullish trend direction. Increase long exposure for a break above 41600. The target price is set at 43100, which is close to its 38.2% Fibonacci retracement level. The stop-loss is set at 39100. Currently testing its 78.6% Fibonacci retracement, which might act as major support. This level also confluences with its 200-day...
A price action above 51.00 supports a bullish trend direction. Increase exposure for a break above 53.00. The target price is set at 60.00. The stop-loss price is set at 49.00. Testing its 38.2% Fibonacci retracement level, which is also close to the confluence of the 200-day and 200-week simple moving averages. Furthermore, the price action to the lower range of...
A price action above 90.00 supports a bullish trend direction. Increase long exposure for a break above 93.00. The target price is set at 104.00 (almost the 23.6% Fibonacci retracement level). The stop-loss is set at 85.00. Might be bouncing off the lower range of the declining channel pattern. Remains a risky trade.
A price action above 29600 supports a bullish trend direction. Increase long exposure for a break above 31300. The target price is set at 32500. The stop-loss price is set at 29400 (its 38.2% retracement). Broke above its 200-day simple moving average, as well as testing its 200-week simple moving average. Rebounded from the lower range of the inclining channel...
A price action above 2040 supports a bullish trend direction. Increase long exposure for a break above 2120. The target price is set at 2200. The stop-loss price is set at 1990, which is also the 23.6% Fibonacci retracement level. Remains above its 200-day simple moving average.
A price action above 16800 supports a bullish trend direction. Further bullish confirmation for a break above 17600. The target price is set at 18200, its 38.2%) Fibonacci retracement level. The stop-loss is set at 16600. Testing also its 200-day simple moving average. The declining channel pattern's upper range is also being tested. Remains a risky trade.
A price action above 71.00 supports a bullish trend direction. Testing its 200-week simple moving average. A break above this pivot as well as its 200-day might change the sentiment to bullish. The target price is set at 79.00. The stop-loss price is set at 71.00. Increase long exposure for a break above 75.00, which is close to its 61.8% Fibonacci retracement...
A price action above 44.00 supports a bullish trend direction. Increase long exposure for a break above 47.00, that overlaps with its 23.6% Fibonacci retracement level. Teh target price is set at 49.00, just below its 38.2% Fibonacci retracement level. The stop-loss price is set at 43.00. Recently the stock corrected from oversold territory. Might we see? 1....
A price action above 23600 supports a bullish trend direction. Increase long exposure for a break above 24600, that is also the 23.6% Fibonacci retracement level. The target price is set at 25400. The stop-loss is set at 23200. Remains above its 200-day simple moving average. A base forming pattern might be applicable, supporting upside price momentum.
A price action above 10300 supports a bullish trend direction. Increase long exposure for a break above 10500, which is also the 23.6% Fibonacci retracement level. The target price is set at 10900, just above its 38.2% Fibonacci retracement level. The stop-loss is set at 9800. The trade idea is regarded as a counter-trend strategy. Adjust risk accordingly.
A price action below 15500 suports a bearish trend direction. Increase short exposure for a break below 14900. The target price is set at 13500. The stop-loss price is set at 16600. Remains below its 200-day simple moving average as well as its 23.6% Fibonacci retracement level. Remains a risky trade.
Channel Formation: The stock has been trading within a declining channel, characterised by lower highs and lower lows. This can typically indicate a bearish trend, but it's essential to note any potential breakout or breakdown from this channel. Fibonacci Retracements: The stock's price seems to be interacting with the 23.6% retracement level, which can serve as a...
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,...
Double Bottom Pattern: The stock has formed a classic double bottom pattern, which is often viewed as a bullish reversal signal. This pattern has two distinct lows (labelled as "Bottom 1" and "Bottom 2") at roughly the same price level, suggesting that the stock found strong support and buyers stepped in at those levels. 200-day Moving Average: The stock price...
Declining Channel: The share has been trading within a well-defined declining channel, as highlighted by the two parallel red lines on the chart. This pattern typically suggests a consistent downward trend. Moving Averages: Two moving averages are depicted on the chart - the "200-day" and "200-week." The share is currently trading below both these moving averages,...
Resistance Zones: The chart highlights two prior peaks with blue circles, indicating areas of significant resistance where the price has previously turned downward. The price may attempt to re-test these resistance levels. Target & Stop Levels: The chart indicates a potential target level at 1.3850, which would represent a +1.4% increase from the current level....
1. V-Shape Correction: A standout feature in the recent price movement is the V-shape correction. This formation often indicates a sharp reversal in trend. After a swift drop, the price has recovered with equivalent vigour, suggesting a possible change in sentiment among traders and investors. 2. 200-Day Moving Average: The stock has had significant interactions...
1. Declining Channel Pattern: The most prominent feature on the chart is the declining channel pattern. Historically, when prices touch the lower trendline, we often witness a bounce. 2. Linear Regression Channel There is also evidence of a linear regression channel pattern, with the price recently testing its lower range. This provides a potential area of...