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BMW - BULISH SCENARIO

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XETR:BMW   BAY.MOTOREN WERKE AG ST
Bayerische Motoren Werke AG, abbreviated as BMW is a German multinational manufacturer of performance luxury vehicles and motorcycles headquartered in Munich, Bavaria, Germany.
The company is one of the most popular and respected manufacturers among car enthusiasts.
If we consider some of the most popular fundamental ratios, a P/E of 4.96 (the industry`s average P/E is 8.14) and a P/B ratio of 0.46 versus its industry's average P/B of 0.84 BMW is undervalued.
Also, the company is rated with a "Strong buy" and a Value grade of A.
The first resistance is located at 83

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