BMW: Nice looking long setup

BMW AG has triggered a nice buy signal today, we could enter at market, with half risk size and look to add if we hit 81.61 to complete our position size.

Go long BMW @ market price (last: 82.21)
stop loss @ 80.36
Target #1 89.78, target #2 98.62.

I'd risk half on the first position, and expect to let this trade run for at least 2-3 weeks if not stopped out.

Good luck if taking it.

Cheers,

Ivan Labrie.

Note

Let's see if tomorrow sees the stop hold.

Note

We have a retest at the mode, not looking too good for now. If tomorrow doesn't turn up, it'll get us stopped.

Note

Broke down sadly. European equities not looking too good.

Note

Failure to rally and moving under the mode imply a selloff of very high probability.

IvanLabrie

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IvanLabrie

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