SimpleFX Blog
    Facebook Twitter Instagram
    Monday, June 27
    Facebook Twitter LinkedIn Telegram YouTube
    SimpleFX BlogSimpleFX Blog
    Banner
    • Home
    • News
    • Tutorials
    • Updates
    • Opinion
    • Trading Academy
    • Trading Schedule
    SimpleFX Blog
    Home»Analysis»BMW – Time to Buy or Sell the Top German Value Stock?
    Analysis

    BMW – Time to Buy or Sell the Top German Value Stock?

    Zach WrightBy Zach WrightMay 18, 2022No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email

    The current BMW.DE chart shows the formation of a global downtrend that moves within a large green channel.

    SimpleFX BMW.DE Chart Analysis: May 18, 2022

    Until mid-January, the price steadily rose from the lower green line to the upper green line. Then it reached the upper green wall, after which it pushed off from it and began to move in the opposite direction. After the bears entered the market, the price dropped to the lower green line in less than two months. After that, it pushed off from the lower green wall and began to grow rapidly within a small yellow channel.

    Now the price is near the lower yellow wall. Perhaps soon the bears will bring the price to the support level of 75.05, located on it. With a successful breakdown of this level, the price of BMW.DE shares may fall again to the support level of 63.85, which is located on the lower green line.

    Alternatively, the price may start to rise from the current level, or from the support level of 75.05. A bullish trend may form inside the yellow channel in the direction of its upper wall and the resistance level of 90.09. If this price mark is broken, even greater growth of the stock is possible to the next resistance level of 94.54, which is located on the upper green line.

    featured
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleTrading Schedule Changes in Turkey, May 19
    Next Article Is LTCUSD Closer to $90 or to $30?
    Zach Wright

    Related Posts

    How Long the Recent LTCUSD Run Can Last?

    June 24, 2022

    Is BMW Worth It After the New China EV Plant Activation?

    June 23, 2022

    Trading ETHUSD During the Bear Market

    June 22, 2022

    Leave A Reply Cancel Reply

    Copyright © 2022. SimpleFX
    • SimpleFX WebTrader
    • Unilink Affiliate Tracker

    Type above and press Enter to search. Press Esc to cancel.

    We and our partners use cookies for analytics purposes and to serve personalized ads. You can view our privacy policy here and our cookies policy here
    Accept.
    Privacy & Cookies Policy

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
    Non-necessary
    Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
    SAVE & ACCEPT