Not an easy 2016 for BMW. Look where we started and where we ended 2016. Not much happend. Still below the last price in 2015.
BMW confirmed the breakout with the first and second pullback. Therefore GAP-Close is only a matter of time - the sooner the better. With a market cap of about 58 Mrd. Euro BMW is 9th largest DAX memeber and will push DAX closer to his ATH or even above 12.400.
Above GAP-Close BMW will directly go for 104 and maybee even for 123 Euro. We will see. SL for every entry can be 83,35 or 79,90. BMW should not close below the "new" trend.