Sat 8/1/2015 22:14 ET
DJIA17689.8656.610.32%SOLAR35.320.712.02%GOLD1094.700.550.55%Shanghai3669.4535.960.98%
S&P 5002103.844.840.23%BANKS25.210.080.32%OIL47.27158.353.35%Nikkei20559.7037.010.18%
NASDAQ5128.280.510.01%SEMI52.150.601.16%US/EU0.910.450.49%Futures2108.001.250.06%
Welcome Stranger!  Please sign up or log in to enable additional features.Sign Up | Mail | Log In
Forum - Wall Street Pit (BAYERISCHE MOTOREN WERKE AG - BMW)    Stock Due Diligence for All

Msg Top | Msg List | < Prev | Next > | Post New | Reply | Privately | Search | Add BMW
  
From: cube1984 (Rep: 3)Date: 02/16/2013 08:21
Forum: Wall Street Pit - Msg #2351711 - List BMW msgs Thread #673502708 (Rec: 0)
Are the German stocks showing some downside is coming in this market?

This morning I was scanning the charts and have a look at some plays for the coming week. I am looking to take some short positions on some stocks the coming week and I love how already the dax is starting to pullback on the daily chart.

I was scanning and my eye fel on the €BMW chart, this stock is trading on the German DAX and it is starting to make a nice insp bear flag below the 20 and 50 moving average. I am looking to take a short position at the close on Monday. If the stock is already pulling back on Monday this will be off the table.

I am looking for an entry at €71.60 level my stop on this play will be the confirmation above the 20 moving average. My first goal will be €67.55 and my 2nd goal will be €63.50.

http://www.blogger.com/blogger.g?blogID=6366241664179435628#editor/target=post;postID=5089059584941343425;onPublishedMenu=allposts;onClosedMenu=allposts;postNum=0;src=postname



Share This Post:


https://twitter.com/The_cube1984

http://stocktwits.com/cube1984

http://www.youtube.com/TheCube1984/

http://cube1984.blogspot.be/

What would you like to do? Message: Endorse | Bookmark | Report AbuseUser cube1984: Reward | Watch | IgnoreBMW: Ignore

Msg Top | Msg List | < Prev | Next > | Post New | Reply | Privately | Search | Add BMW
  

TheLion.com | About Us | Agreement & Disclaimer | Privacy | Twitter
© 1999- TheLion.com, Inc.