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Trading ideas for Bayerische Motoren Werke AG (XETRA)

10.12.2020

Market Review

#BMW

The overall trend is upward. The descending pattern of the H1 level is truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals an oversold condition.

Trading recommendations:

Buy when an ascending wave pattern is formed, where the wave (aC) breaks through the inclined channel of the descending truncated pattern.

Stop Loss at the local minimum.

The target is 77.00.

Author: admin
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