BMW.DE
Our expectations: BMW shares keep their upward movement, with the correction now giving good pleaces for a new long, with stop 80.64
Alternative Scenario: passing of the price below 81.29 will change the bullish formation to short, which will mean short positions from there
Comment: Ascending mid-term movement
50% Fibo retracement of the last height
Price on diagonal support and testing breakthrough of the diagonal resistance - good technical levels for new long.
Price action with promotion potential: Hammer
Indicators: CCI (50) above 0, medium-term movement is long
Gap in the downward direction a few days ago is due to frightening dividend, technical decline in the price of dividing the dividend, no negative news, sales are increasing.
Economic data from Europe is improving
Stefan D. Angelov - Head of Stocks Trading
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