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BMW Daily Technical Analysis | 24 January 2018

2018-01-24 08:37 am | Resource: Technical Analysis Section | No Views : 312

BMW shares are trading in a major upside direction over the 240-minute interval. The German stock managed to break through the resistance zone 92.42 and continued to rise until it touched the 96.51 resistance area and failed to breach, which led to the decline of the stock during yesterday's trading.

BMW Daily Technical Analysis | 24 January 2018

The slow moving SMA and the SMA are positively cross.
The MACD crosses positively but points to weakness in the bulls and also confirms the decline in their determination.
It is expected that if the German stock is breached at 97.48 and might target 99.33 Euros and the other is in the case, the stock will break to 94.92 and could target 88.55.
Support: 92.42 - 91.06 - 84.90
Resistance: 96.51-99.33- 141.41
Trend: Up

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