VasilyTrader

BMW: Don't Miss This Buying Opportunity

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XETR:BMW   BAY.MOTOREN WERKE AG ST

Hey traders,

I have a bullish forecast on BMW stocks.

analyzing the price fluctuations on a daily you can clearly see the convergence of multiple technical elements:
  • 65 is a strong horizontal structure support level
  • this level matches with the retest of a broken resistance of a falling channel
  • perfect confluence with 618 retracement of the last bullish impulse
  • oversold rsi

with that in mind, we can freely buy bm stock from the current prices!

target levels will be:
70.5
76.5


please, support the idea with like!

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